Arch

  • Accountant

    Job Locations US-NJ-Jersey City
    Job ID
    2018-1754
    # of Openings
    1
    Category
    Finance
  • Overview

     

    Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, Australia and South Africa, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid. 

     

    Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

     

    Arch Capital Group Ltd. (NASDAQ: ACGL)) is a Bermuda public limited liability company with approximately $10.5 billion in capital at December 31, 2016, and, through operations in Bermuda, the United States, Europe and Canada, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Our unique underwriting platform, successful management team and strong capital base has enabled us to establish a prominent presence in the global insurance and reinsurance markets.

     

     

     

    We are seeking a candidate for the Accountant, Travel Finance position.  This individual will be responsible for numerous finance activities within the Travel Finance Department as well as have an opportunity to liaise with the Corporate Finance team and various growing Business Units. In addition to the daily responsibilities of this role, the Candidate will have the ability to work on both finance and operational special projects as needed by the business.

     

    This role offers the opportunity to learn about the Company's Travel business division 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.  This role is based in Jersey City, NJ. The ideal candidate has strong written and oral communication skills, an analytical mindset, a technical accounting and controls background, and the ability to multitask in order to effectively manage his or her time across various roles and responsibilities.   

     

     

    Responsibilities

    • Serve as the first point of contact for day to day Travel Finance related questions from external auditors, members of the operations team and other third parties.
    • Support the Travel Business Unit as a sounding board for Finance and Accounting related activities and operational matters with financial impacts, including periodic reporting, cash funding, business updates, invoice processing, ad hoc reporting, cash management, etc.
    • Actively interact with various levels of management to obtain understanding of processes, risks and controls of the areas the candidate is responsible for.
    • Work collaboratively and develop strong relationships within the Business Unit, with operational executives, and with managers.
    • Reconcile financial results on a periodic basis (monthly and quarterly) in order to validate the accuracy of financially reported results. This includes reconciliation of data and cash to/from third parties.
    • Utilize information from third parties and Business Units to report financial results and create and record technical journal entries needed to support the accounting for the Travel business.
    • Conduct an analytical review of the balance sheet and income statement on a periodic basis (monthly and quarterly), to identify trends in financial results and reporting.
    • Assist in preparing stand-alone audited financial statements related to the business unit.
    • Design and document best practices for procedures implemented for financial reporting.
    • Challenge and analyze current financial reporting procedures and formulate recommendations of improvement. Provide executable recommendations that improve operations and finance functions.
    • Assist with special projects and ad hoc reporting as required by the department or other business units.
    • Maintain adequate focus on personal growth; proactively seek relevant education and training. 

    Qualifications

    Desired Skills

     

    • Robust understanding of technical accounting concepts such as debits and credits, recording journal entries, etc.
    • Formal knowledge of financial statements, including balance sheet and income statement, and ability to interpret relationships within financial results.
    • Extensive understanding of risk and control concepts.
    • Thorough comprehension of external audit procedures, concepts and testing standards.
    • Strong desire to facilitate change, add value and succeed as a member of the Travel 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.      
    • Some knowledge of property and casualty insurance operations is a plus.
    • 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) a plus
    • 1-2+ years of audit, accounting or finance experience, preferably with a public accounting firm or property/casualty insurance organization. Motivated candidates without industry experience will be considered.

     

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