Director, Finance

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Position Summary

This role will ensure accurate financial reporting for Construction, National Accounts and Retail Energy, including reviewing binders and contracts, overseeing premium and commission bookings, and reconciling premium systems. This peson will also be responsible for monthly and quarterly accounting and reporting for premiums, as well as providing analysis for premiums, accruals, commissions, and earnings.

This role can sit in either the Hartford, CT or Jersey City, NJ office on a hybrid schedule of two days in the office and three days remote.

Responsibilities and Accountabilities

• Review of binders/contracts to ensure financial reporting is in line with contract terms; Oversight of premium & commission booking in system, and ceded premium booking

• Accounting and reporting for premiums for Construction, National Accounts and Retail Energy business units on a monthly basis and as part of the quarterly close process, including prep of Mangement Discussion & Analysis (MD&A) quarterly

• Reconciliation of the General Ledger for assigned accounts that pertain to the assigned book of business

• Review ceded reinsurance contracts and ensure accounting and cessions are in line with contract terms

• Analyze ceded premium and conduct quarterly meetings with management to discuss

• Quarterly preparation of the Statutory Schedule F related to the assigned business. 

• Assist with testing and implementation of critical Arch Data transformation efforts, including testing and implementation of Datastores

• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported

• Leverage understanding of business to respond to internal and external questions and requests

• Train and oversee offshore staff

Required Skills and Abilities

• Highly proficient with Excel, including strong knowledge of VLOOKUP's, pivot tables and data management

• Strong leadership skills

• Ability to demonstrate critical thinking and analysis; Ability to analyze data, including ability to recognize anomalies in data

• Ability to effectively communicate analysis and conclusions to financial information end-users

• Strong problem-solving, critical thinking, analytical, organizational, multi-tasking, and time management skills

Education and Experience

• 6+ years of P&C experience

• Bachelor’s degree in Finance or Accounting

• Experience with Loss Sensitive insurance is preferred, but not required

• Experience in Captives is preferred but not required

• CPCU or other Insurance designations is a plus

#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.

$91,885- $124,085/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.

Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.