• Senior Accountant, Reinsurance Accounting

    Job Locations US-NC-Greensboro
    Job ID
    # of Openings
  • Overview

    The Senior Accountant performs monthly accounting close functions through applying accounting policies, and presents financial results to senior management. Incumbent also prepares monthly, quarterly, and annual internal and external reports in accordance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting guidance, and performs technical research and analysis.



    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!


    1. Prepares monthly journal entries to record reinsurance activities for the accounting close process.
    2. Collaborates with other departments and/or external service providers to ensure all transactions have been properly recorded.
    3. Applies reinsurance accounting policies to financial records according to reinsurance agreements.
    4. Prepares monthly reinsurance account reconciliations to ensure accuracy of the general ledger.
    5. Performs variance analysis and researches changes on a monthly/quarterly basis to present results to Finance senior management.
    6. Assists in the preparation of reinsurance cession statements, GAAP and Statutory reports, regulatory filings, and audits. Tracks deliverables and ensures compliance with prescribed due dates.
    7. Provides assistance, reconciliations, account activity explanations, and other support as required for internal and external auditors.
    8. Stays current on all applicable GAAP and Statutory accounting principles, procedures, practices, and regulatory rules.
    9. Ensures internal controls over the reporting of reinsurance information are followed.
    10. Seeks development opportunities for self as well as assisting in the development of others.





    Knowledge and Skills

    1. In-depth knowledge of financial reporting requirements, and GAAP and Statutory Accounting Principles.
    2. Ability to understand and apply financial reporting practices and procedures, and implement internal control processes.
    3. Solid understanding of month-end close process and account analysis.
    4. Good analytical, problem solving, and decision-making skills. High degree of accuracy and attention to detail.
    5. Excellent communication and interpersonal skills.
    6. Strong time management and organizational skills with the ability to consistently meet deadlines.
    7. Strong analytical skills.
    8. Ability to work collaboratively with others within the department and across the Company.
    9. Proficient with general ledger applications (e.g. PeopleSoft), Word, and Excel.


    Education & Experience:


    Required knowledge and skills would typically be acquired through a Bachelor’s degree in Accounting or related fields and a CPA (or requirements for certification met) plus 2-5 years related 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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