What are the responsibilities and job description for the AVP, Finance position at Arch Insurance Group Inc.?
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:
The Assistant Vice President (AVP) - Finance will be part of the Arch Insurance North America finance team and will be responsible for supporting the organization’s newly acquired MidCorp and Entertainment Business (MCE). This acquisition accelerated the build-out of Arch Insurance’s U.S. middle market segment with a scalable platform that wrote $1.7B of GPW in 2023. This position will be tasked with helping develop and manage all finance and accounting related operational tasks, reporting and analysis for this significant initiative.
Responsibilities and Accountabilities:
$123,600 - $166,900/year
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.
Position Summary:
The Assistant Vice President (AVP) - Finance will be part of the Arch Insurance North America finance team and will be responsible for supporting the organization’s newly acquired MidCorp and Entertainment Business (MCE). This acquisition accelerated the build-out of Arch Insurance’s U.S. middle market segment with a scalable platform that wrote $1.7B of GPW in 2023. This position will be tasked with helping develop and manage all finance and accounting related operational tasks, reporting and analysis for this significant initiative.
Responsibilities and Accountabilities:
- 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.
- Extensive experience in financial accounting, preferably within the insurance industry, with a strong background in financial statement preparation, reconciliations and flux analysis.
- 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.
- Strong interpersonal, communication, and organization skills.
- 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.
- 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.
$123,600 - $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.
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.
Salary : $123,600 - $166,900
