AVP, Finance
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Hybrid
Location: Hartford • Connecticut • New Jersey • United States
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Salary
💰 $111,300 - $150,210 per year
Job Level
About the role
- Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to make informed recommendations.
- Work closely with underwriting team to understand the business and provide the financial operational support needed
- Manage the accounting and reporting for premiums for National Accounts, Construction and Retail Energy business units on a monthly basis, and as part of the quarterly close process.
- Oversee the booking of premium, commission, accruals, loss sensitive adjustments, dividends, etc.
- Work closely with underwriting, credit, receivables and BU finance claims on reviewing and approving collateral adjustments
- Track and manage both static and depleting cash collateral; participate in building a new process to support cash collateral.
- Oversee balance sheet reconciliation process for related accounts
- Provide analysis of business for premiums, accruals, commissions, earnings; provide corporate with the Management Discussion & Analysis (MD&A) reporting on a quarterly basis
- Lead the team in critical Arch Data Transformation efforts, including testing and implementation of BU ,vertical data store, Finance horizontal data store, process improvements and data quality/consistency issues
- Help identify inefficiencies and implement changes that will increase the operational efficiencies of the business and will enable the department to support current and anticipated growth in the business
- Will have extensive interaction with various departments/disciplines, including other areas in finance, actuarial, legal, underwriting, credit, ops and IT.
- Completion of key assignments/special projects
Requirements
- 7+ years of North American property and casualty insurance industry experience
- Bachelor’s degree in Finance or Accounting
- Experience with Loss Sensitive insurance including large deductibles preferred
- Certified Public Accountant or Chartered Accountant is a plus
- CPCU or other Insurance designations is a plus
Benefits
- Multiple medical plans plus dental, vision and prescription drug coverage
- 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 Off
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
accountingreportingfinancial analysisbalance sheet reconciliationdata transformationprocess improvementcash collateral managementpremium bookingaccruals managementloss sensitive adjustments
Soft Skills
business partnershipcommunicationleadershipcollaborationproblem-solvinganalytical thinkingorganizational skillsinterpersonal skillsproject managementefficiency improvement
Certifications
Certified Public AccountantChartered AccountantCPCU