Arch Capital Group Ltd.

AVP, Finance

Arch Capital Group Ltd. • $123K — $166K *
Garden City, NY 11530In-Person
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting/Finance Required; MBA and/or CPA preferred.
  • 7 to 10 years' Insurance/Reinsurance experience in a management role.
  • Strong experience in financial accounting, with a focus on financial statement preparation and reconciliations.
  • Exceptional analytical skills for interpreting complex financial data.
  • Excellent communication skills for conveying insights to diverse teams.
  • Proficiency in Microsoft Suite; knowledge of Workday and Power BI a plus.
  • Experience managing and mentoring teams in a collaborative environment.

Responsibilities

  • Lead ASA reporting preparations and analysis for MCE.
  • Coordinate multidisciplinary interactions for ASA reporting.
  • Oversee the financial results preparation and analysis of MCE, including underwriting profit and loss.
  • Provide timely financial reports and insights for internal and external stakeholders while adhering to GAAP and Statutory principles.
  • Ensure accurate accounting for premium recognition and related transactions.
  • Conduct flux analyses while providing concise commentary on variances and trends.
  • Interact extensively with multiple departments to support MCE operations.

Benefits

  • Multiple medical plans along with dental, vision, and prescription drug coverage.
  • A competitive 401k with generous matching contributions.
  • 20 days of PTO plus up to 12 paid holidays and 2 volunteer days.
  • Basic Life and AD&D Insurance, Short and Long-Term Disability coverage.
  • Paid Parental Leave of up to 10 weeks.
  • Student Loan Assistance and Tuition Reimbursement available.
  • Backup Child and Elder Care services offered.
Full Job Description
Responsibilities and Accountabilities
  • Lead the preparation and analysis of ASA reporting of MCE.
  • Coordinate interaction with different departments and counterparties for the ASA reporting.
  • Lead the preparation and analysis of MCE financial results including underwriting profit and loss statements, relevant balance sheet accounts and key operating metrics.
  • Provide financial reports, analysis and insight for internal and external financial information clients - senior management, underwriting, etc. - to ensure that consistent and accurate reporting is communicated on a timely basis, while ensuring adherence to GAAP and Statutory Accounting principles.
  • Ensure coordination of the accounting of premium recognition, cash application, loss activities, commissions, reserves, and reinsurance transactions.
  • Conduct detailed flux analyses of relevant balance sheet and profit and loss accounts to understand if amounts are tracking or at variance with trend and expectation, providing insightful and concise commentary.
  • Will have extensive interaction with various departments at Arch Insurance North America, including underwriting, actuarial, legal, reinsurance, claims and IT, to ensure a cohesive operation supporting MCE business.
  • Coordinate interaction with Internal and External Auditors regarding risk, controls, SOX compliance for the MCE business.


Required Skills and Abilities
  • Exceptional work ethic, integrity and ability to work autonomously while effectively managing expectations.
  • Excellent analytical skills with an ability to interpret complex financial data and trends.
  • Experience in directing and mentoring staff, fostering a culture of collaboration, innovation, and continuous improvement.
  • Strong working knowledge of Microsoft Suite (Excel, Word, etc.) Working knowledge of Workday general ledger. Power BI knowledge a plus.
  • Capable of handling complex structured tasks that require close attention to timing and detail, as well as unplanned projects and challenges that require effective and unique solutions, often in a compressed timeframe.
  • Experience with and exposure to various operational disciplines (actuarial, underwriting, claims, IT, etc.)
  • Ability to effectively communicate analysis and conclusions to financial information end-users.
  • Exceptional communication (written and verbal), evaluating, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines.


Education/Experience
  • Bachelor's Degree in Accounting/Finance Required. MBA and/or CPA preferred.
  • 7 to 10 years' Insurance/Reinsurance experience working in a management capacity in Accounting/Finance.
  • Extensive experience in financial accounting, preferably within the insurance industry, with a strong background in financial statement preparation, reconciliations and flux analysis.


#LI-AT1

#LI-hybrid

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$123,400 - $166,900/year
  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.
Learn more about Arch Capital Group Ltd.
Size
4,000 employees
Market Cap
$23.1 billion
Industry
Finance & Insurance
Net Income
$1.4 billion
5 Year Trend
+16.3%
Revenue
$8.3 billion
* Ladders Estimates

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