Jobs · Accounting · New Jersey

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.

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