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Senior Accountant

Senior Accountant

Job ID 
2017-1415
# of Openings 
1
Job Locations 
US-NJ-Jersey City
Category 
Finance

More information about this job

Overview

Why Arch, you ask? That’s as obvious as asking why you need generous paid time off and a bonus! To complement these perks, we offer well rounded medical, dental and vision plans. Arch Insurance Group, an employee driven market-leading insurer provides property, casualty and specialty insurance services across the US. Our selfless environment strives to attract the most talented people in their fields so as to reward them with all of the good things in life: competitive salary, tuition assistance, comprehensive training programs, paid internships, rewards for passing Insurance and Actuarial designation exams, life insurance, 401(k) match plans...and much, much more!

 

 

We are seeking a candidate for the Senior Accountant, Corporate Finance position.  This individual will act as the audit coordinator between our external auditor and our finance group. In addition to this role, he or she will be responsible for numerous finance activities, including managing our analytical review of the balance sheet, liaising with our corporate office to manage the investment reporting, and assisting on peer analyses, budget & planning tasks and other special projects. 

 

This role offers the opportunity to learn about the Company's various divisions and operations and provide insight into how the business is managed. This individual will have a high level of interaction with operating executives, officers, and other members of the finance teams throughout the organization.  Based in Jersey City, NJ, this position is expected to have between 5% - 10% travel and will report to the AVP of Corporate Finance. The ideal candidate has strong written and oral communication skills, an analytical mindset, and the ability to multitask in order to effectively manage his or her time across various roles and responsibilities.   

Responsibilities

 

  • Liaise with external auditor to assist with controls testing and substantive audit procedures, including working with members of finance, actuarial, underwriting and claims to provide required documentation and support
  • Act as point of contact for external auditors to manage timing of quarterly and interim audit procedures, communicate findings to management and propose solutions to resolve issues
  • Assist in preparing statutory financial statements and other stand-alone financial statements, as needed
  • Conduct an analytical review of the balance sheet on a quarterly basis, including leading meetings with each finance group to discuss concerns and implement changes
  • Perform analysis over aging of premium receivables by division, including monitoring bad debt reserves and ensuring adherence to accounting policy
  • Manage investment process including booking journal entries, preparing quarterly analysis and liaising with corporate office on policies and procedures
  • Coordinate with Canadian team on quarterly MD&A reporting, including compiling data and schedules, maintaining finance workpapers and addressing accounting issues as they arise
  • Oversee foreign exchange-related accounting and adjustments produced by our Canadian company
  • Participate in budget & planning process, specifically interacting with the business units to produce the Competitor Analysis
  • Compile data and prepare peer analysis for the US and the UK companies
  • Assist with special projects and M&A initiatives
  • Interact with various levels of management to obtain understanding of processes, risks and controls
  • Provide executable recommendations that improve operations and finance functions
  • Work collaboratively and develop strong relationships with business units, operational executives, and managers
  • Display teamwork, integrity and leadership 
  • Maintain adequate focus on personal growth; proactively seek relevant education and training 

Qualifications

 

  • Strong desire to facilitate change, add value and succeed as a member of the Corporate Finance team
  • Ability to "think outside the box" and evaluate processes to identify opportunities for improvement 
  • Ability to demonstrate critical thinking and robust analytical skills      
  • Formal knowledge of financial statements, especially the balance sheet
  • Extensive understanding of risk and control concepts
  • Thorough comprehension of external audit procedures, concepts and testing standards
  • Some knowledge of property and casualty insurance operations 
  • Familiarity with Statutory accounting principles is preferred
  • Strong interpersonal, communication, and organization skills
  • Willingness to proactively collaborate and share information with other members of the team and the broader finance group
  • Capability to function in a team environment while assuming increased responsibilities within a dynamic and growing organization
  • Exceptional work ethic, integrity and ability to work autonomously while effectively managing expectations
  • Inclination to adapt to new circumstances, information, and challenges, with a positive "can do" attitude
  • Proficient in Microsoft Excel with the ability to use complex formulas and pivot tables to manipulate data

Required Education/Experience 

  • Degree in Accounting, Business Administration or Finance 
  • Recognized accounting or finance qualification or pursuit of such license (e.g. CPA)
  • 2+ years of audit, accounting or finance experience, preferably with a public accounting firm or property/casualty insurance organization