Arch

  • Manager, Reinsurance Accounting

    Job Locations US-NC-Greensboro
    Job ID
    2018-1677
    # of Openings
    1
    Category
    Accounting
  • Overview

    The Reinsurance Manager, Financial Reporting leads a team of accountants and manages the compilation and filing of GAAP/Statutory reports for Arch MI and PMI insurance entities. He/She ensures compliance with prescribed due dates, responds to reporting inquiries from regulatory authorities and auditors, and contributes to the development of internal accounting policies and procedures to ensure compliance. The incumbent establishes and implements operational objectives for the team and operates independently under defined guidelines and contractual/regulatory requirements.

     

     

    Arch MI is a new and growing mortgage insurance company with a strong and global parent – Arch Capital Group Ltd.  If you’re interested in joining a dynamic company and working with a team of motivated, high caliber people, apply today and come grow with us!

    Responsibilities

    1. Manages the timely preparation and completion of monthly and GAAP/Statutory financial statements and cession statements with all required internal and external parties, in collaboration with the Director and direct reports.
    2. Oversees compilation and submission of reinsurance cession statements as well as GAAP and Statutory reports, regulatory filings, and audits. Coordinates and tracks deliverables and ensures compliance with prescribed due dates.
    3. Addresses and responds to reporting and compliance issues/inquiries from regulatory authorities and auditors.
    4. Manages the financial audits through effective coordination and communication with auditors and management, ensuring results are appropriately reported and communicated.
    5. Ensures appropriate internal controls are in place over the financial reporting of reinsurance information. Conducts periodic reviews to update Finance and Legal senior management on accounting matters to ensure compliance with Sarbanes-Oxley.
    6. Contributes to the development and maintenance of internal accounting policies and procedures to ensure compliance with GAAP reporting and regulatory requirements.
    7. Manages the monthly reinsurance account reconciliation process to ensure the accuracy of the general ledger.
    8. Stays current on all applicable GAAP accounting principles, procedures, practices, and regulatory rules.
    9. Manages team to accomplish objectives through effective recruitment & selection, training & development, performance management and rewards & recognition.

     

     

     

    Qualifications

    Knowledge & Skills:

     

    1. Knowledge of GAAP, statutory accounting principles and practices (i.e. SSAP), and insurance industry requirements (e.g. NAIC and state regulations).
    2. In-depth understanding of financial reporting and internal control processes.
    3. Good analytical, problem solving, and decision-making skills. High degree of accuracy and attention to detail.
    4. Strong people management skills to lead team members to accomplish results.
    5. Effective communication and interpersonal skills.
    6. Excellent organization skills with the ability to multi-task and meet deadlines. Process and results oriented.
    7. Proficient with general ledger applications (e.g. PeopleSoft), statutory reporting software, Word, and Excel.

    Education & Experience:

     

    Required knowledge and skills would typically be acquired through a Bachelors Degree in Finance/Accounting. CPA designation required, and 5+ years of related experience, with 2-3 years financial reporting experience.

     

     

    About Our Company

    Arch Mortgage Insurance Company is the flagship U.S.-based mortgage insurer of Arch Capital Group Ltd., a leading insurance and reinsurance company operating through its subsidiaries worldwide. Based in Greensboro, North Carolina, our company is committed to our employees and our customers.  Our Total Rewards package offers competitive pay and valuable benefits.  Plus you’ll have access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.

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