AVP, Finance

McNeil & Co.; Jersey City (NJ); On-site; USD 123,000 - 167,000; Full time

Benefits offered by this job

Medical plans

Dental & vision coverage

401k with generous matching

PTO 20 days/year

Paid parental leave

Student loan assistance

Job summary

Arch Insurance Group Inc. in New Jersey is seeking an experienced finance professional to lead ASA reporting for MCE and manage related financial analyses. You will coordinate with underwriting, actuarial, legal, reinsurance, claims, and IT to ensure accurate GAAP and statutory reporting.

The role requires 7–10 years in insurance accounting with a strong background in financial statement prep, flux analysis, and collaboration across departments. MBA/CPA preferred; hybrid work options may apply.

Qualifications

• Bachelor's Degree in Accounting/Finance required.
• MBA and/or CPA preferred.
• 7 to 10 years' Insurance/Reinsurance experience in Accounting/Finance management.
• Extensive experience in financial accounting, financial statement prep, reconciliations and flux analysis.

Responsibilities

• Lead the preparation and analysis of ASA reporting of MCE.
• Coordinate interaction with different departments and counterparties for the ASA reporting.
• Lead the preparation and analysis of MCE financial results including underwriting profit and loss statements, relevant balance sheet accounts and key operating metrics.
• Provide financial reports, analysis and insight for internal and external financial information clients - senior management, underwriting, etc. - to ensure that consistent and accurate reporting is communicated on a timely basis, while ensuring adherence to GAAP and Statutory Accounting principles.
• Ensure coordination of the accounting of premium recognition, cash application, loss activities, commissions, reserves, and reinsurance transactions.
• Conduct detailed flux analyses of relevant balance sheet and profit and loss accounts to understand if amounts are tracking or at variance with trend and expectation, providing insightful and concise commentary.
• Will have extensive interaction with various departments at Arch Insurance North America, including underwriting, actuarial, legal, reinsurance, claims and IT, to ensure a cohesive operation supporting MCE business.
• Coordinate interaction with Internal and External Auditors regarding risk, controls, SOX compliance for the MCE business.

Skills

Power BI

Excel

Analytical skills

Communication skills

Leadership / mentoring

GAAP / statutory accounting

Education

Bachelor's Degree in Accounting/Finance

MBA and/or CPA

Tools

Workday general ledger

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Responsibilities and Accountabilities

• Lead the preparation and analysis of ASA reporting of MCE.
• Coordinate interaction with different departments and counterparties for the ASA reporting.
• Lead the preparation and analysis of MCE financial results including underwriting profit and loss statements, relevant balance sheet accounts and key operating metrics.
• Provide financial reports, analysis and insight for internal and external financial information clients - senior management, underwriting, etc. - to ensure that consistent and accurate reporting is communicated on a timely basis, while ensuring adherence to GAAP and Statutory Accounting principles.
• Ensure coordination of the accounting of premium recognition, cash application, loss activities, commissions, reserves, and reinsurance transactions.
• Conduct detailed flux analyses of relevant balance sheet and profit and loss accounts to understand if amounts are tracking or at variance with trend and expectation, providing insightful and concise commentary.
• Will have extensive interaction with various departments at Arch Insurance North America, including underwriting, actuarial, legal, reinsurance, claims and IT, to ensure a cohesive operation supporting MCE business.
• Coordinate interaction with Internal and External Auditors regarding risk, controls, SOX compliance for the MCE business.

Required Skills and Abilities

• Exceptional work ethic, integrity and ability to work autonomously while effectively managing expectations.
• Excellent analytical skills with an ability to interpret complex financial data and trends.
• Experience in directing and mentoring staff, fostering a culture of collaboration, innovation, and continuous improvement.
• Strong working knowledge of Microsoft Suite (Excel, Word, etc.)
• Working knowledge of Workday general ledger.
• Power BI knowledge a plus.
• Capable of handling complex structured tasks that require close attention to timing and detail, as well as unplanned projects and challenges that require effective and unique solutions, often in a compressed timeframe.
• Experience with and exposure to various operational disciplines (actuarial, underwriting, claims, IT, etc.)
• Ability to effectively communicate analysis and conclusions to financial information end-users.
• Exceptional communication (written and verbal), evaluating, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines.

Education / Experience

• Bachelor's Degree in Accounting/Finance Required.
• MBA and/or CPA preferred.
• 7 to 10 years' Insurance/Reinsurance experience working in a management capacity in Accounting/Finance.
• Extensive experience in financial accounting, preferably within the insurance industry, with a strong background in financial statement preparation, reconciliations and flux analysis.

Compensation

#LI-AT1 #LI-hybrid For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. $123,400 - $166,900/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. The above pay range may be modified in the future.

Benefits

• multiple medical plans plus dental, vision and prescription drug coverage
• 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.

About Arch

14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.