Accountant
Arch Insurance Group Inc. · Jersey City, NJ · 3 wk ago
Accounting$71k–$92k/yrFull-time
Responsibilities And Accountabilities
- Support the quarterly financial close process, including preparation of balance sheet reconciliations and flux analysis, variance analyses, and supporting schedules.
- Aid with cash flow flux analysis to support financial reporting, management review and corporate consolidations.
- Prepare and post journal entries with supporting documentation, ensuring compliance with internal controls and accounting standards.
- Auxiliary with income statement close activities and assist with related financial reporting deliverables.
- Support the financial consolidation process, performing system reconciliations to ensure data accuracy and consistency across reporting platforms.
- Support insurance accounting and reporting, including conducting premium receivable aging analysis, monitoring bad debt reserves, and supporting CECL reserve calculations.
- Prepare Excess Ceding Commission and Deferred Ceding Commission calculations in accordance with accounting policies.
- Aid in the preparation of quarterly financial reports and Management Discussion & Analysis (MD&A) materials.
- Conduct Deferred Acquisition Cost (DAC) calculations and support related reporting.
- Review Incurred But Not Reported (IBNR) reserves, case reserve discounting, and other activity prior to ledger integration.
- Provide ad hoc financial analysis and reporting to support management decision-making.
- Identify opportunities to enhance reporting efficiency through process improvements, automation, and data integration, including development of Excel macros, automated reporting templates, or system-based solutions.
- Contribute to finance transformation initiatives, including implementation of new systems, tools, and reporting processes.
- Maintain a strong commitment to accuracy, data integrity, and internal control compliance.
Required Skills And Abilities
- Strong understanding of U.S. GAAP and financial statement analysis.
- Advanced Microsoft Excel skills, including complex formulas and pivot tables, data modeling, and automation techniques.
- Demonstrated interest in using technology and data to improve accounting and reporting processes, including the ability to cleanly, clearly, and professionally present financial data in well-structured models, reports, and management-ready outputs.
- Experience with data querying tools (e.g., SQL), financial data extraction, or automation techniques to improve reporting efficiency is a plus.
- Experience developing automated or dynamic financial reports.
- Ability to analyze large datasets and synthesize insights into actionable financial information.
- Excellent communication and collaboration skills with the ability to work cross-functionally.
- Strong analytical, organizational, and problem-solving skills.
- High level of attention to detail and commitment to data accuracy.
- Experience working in a fast-paced, high-volume finance environment.
- Familiarity with financial reporting tools such as Workday, TM1, or OneStream is a plus; ability to quickly learn new tools.
Education/Experience
- Bachelor’s degree in Accounting, Finance, or a related field.
- 2–4 years of accounting, financial reporting, or finance experience, preferably within the insurance industry.
- Experience with Property & Casualty insurance accounting strongly preferred.
- Experience supporting public company financial reporting or close processes is a plus.
- CPA or progress toward CPA certification preferred but not required.
Pay
- The base salary range is $71,000 - $92,000/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.
Benefits
- Comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more.