Senior Accountant

McNeil & Co.; Jersey City (NJ); On-site; USD 80,000 - 124,000; Full time

Job summary

Arch Insurance Group Inc. in Jersey City is seeking a Senior Accountant, Corporate Finance to own the balance sheet close, perform analyses, and support quarterly reporting. The role blends accounting expertise with data analytics and automation to enhance efficiency.

The ideal candidate has a Bachelor’s in Accounting/Finance, 5+ years of experience, CPA preferred, and strong Excel skills; familiarity with Workday or TM1 is a plus; public company reporting experience is a plus.

Qualifications

• Bachelor’s degree in Accounting/Finance/Business Administration or related field required.
• 5+ years of experience in accounting, finance, financial reporting, or related field.
• CPA or other accounting/finance qualification is a plus or actively pursued.
• Experience in property and casualty insurance preferred; public company reporting experience a plus.
• Proficiency with financial systems, data analytics, and process automation a plus.

Responsibilities

• Own balance sheet quarterly close activities and lead balance sheet review meetings.
• Prepare flux analyses of balance sheet and cash flow statements and monitor trends.
• Monitor accruals and unusual activity; assess potential risk areas.
• Perform CECL reserves calculations and analyze premium receivables aging.
• Support income statement close activities and coordinate quarterly close calendars.
• Develop partnerships with business unit finance teams and cross-functional stakeholders to inform decisions.

Skills

US GAAP knowledge

Financial reporting

Financial statement analysis

Advanced Excel

Education

Bachelor’s degree in Accounting/Finance/Business Administration

CPA or equivalent (pursuit is a plus)

Tools

Workday

TM1

OneStream

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℠.

POSITION SUMMARY

The Senior Accountant, Corporate Finance is a key contributor to the quarterly close and financial reporting process, with primary responsibility for balance sheet accounting, analysis, and related reporting activities, while supporting income statement close processes. This role requires a strong technical accounting foundation, sound analytical judgment, and the ability to identify, interpret, and communicate the key drivers behind financial results. This position offers broad exposure to the Company's divisions and operations and plays an integral role in ensuring accurate and timely financial reporting. The Senior Accountant supports the close process, performs financial analysis, and drives process improvements that enhance reporting quality, efficiency, and internal controls. This opportunity is ideal for an accounting professional who enjoys combining accounting expertise with technology, data analytics, and automation to improve financial processes and reporting capabilities. The successful candidate is collaborative, detail-oriented, intellectually curious, and system-oriented, with the ability to manage multiple priorities in a fast-paced environment while continuously seeking opportunities to improve processes and deliver actionable financial insights.

RESPONSIBILITIES

• Financial Close, Reporting & Business Partnership
• Own balance sheet quarterly close activities, including leading balance sheet review meetings with finance teams to discuss account activity and key trends
• Prepare flux analyses of balance sheet and cash flow statements, maintain financial reporting metrics, and provide insight into noteworthy trends to support informed management decision-making
• Monitor balance sheet activity, including accruals submitted by finance teams, and follow up on unusual activity or potential risk areas
• Perform premium receivable aging analyses by business division, monitor bad debt reserves, and calculate Current Expected Credit Losses (CECL) reserves in accordance with accounting policy
• Perform excess ceding commission and deferred ceding commission calculations
• Support income statement quarterly close activities by collaborating with other members of the Corporate Finance team to facilitate a timely and accurate close
• Prepare and maintain quarterly close calendars in coordination with Business Unit Finance, IT, and Actuarial
• Assist in research of accounting literature to support compliance with U.S. GAAP and internal accounting policies
• Support adherence to internal controls and maintain awareness of potential risk areas
• Respond to ad hoc financial reporting requests from Corporate Finance leadership and business partners
• Develop strong partnerships with business unit finance teams, operational leaders, and cross-functional stakeholders to support informed business decisions
• Process Improvement, Systems & Projects
• Identify opportunities to improve accounting and reporting processes, including the use of technology, data analytics, and automation to enhance efficiency
• Coordinate accounting projects, finance initiatives, and special projects with Corporate Finance, business unit finance teams, and other departments, as needed

COMPETENCIES AND SKILLS

• Strong knowledge of U.S. GAAP, financial reporting, and financial statement analysis. Proven ability to analyze financial data, identify trends, investigate variances, and communicate the key drivers of financial results. Strong balance sheet accounting and reconciliation skills, with the ability to identify and assess potential financial reporting risks.
• Advanced Microsoft Excel skills, including complex formulas, pivot tables, and analysis of large datasets. Experience leveraging financial systems, reporting tools, data analytics, and large datasets to improve reporting, streamline processes, and drive continuous improvement; experience with Workday, TM1, or OneStream is a plus.
• Strong interpersonal, collaboration, and communication skills, with the ability to build effective partnerships across Finance and cross-functional teams. Highly organized, detail-oriented, and able to manage multiple priorities and deadlines in a fast-paced close environment. Demonstrated integrity, accountability, sound judgment, and the ability to work independently while managing stakeholder expectations. Adaptable, proactive, and solutions-oriented, with a commitment to continuous learning, teamwork, and process improvement.

EXPERIENCE / EDUCATION / CREDENTIALS

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
• CPA or other recognized accounting or finance qualification, or active pursuit of one, is a plus
• 5+ years of experience in accounting, finance, financial reporting, or a related field
• Experience in a property and casualty insurance organization is preferred
• Current or recent public company financial reporting experience is a plus
• Prior experience with financial systems, reporting tools, data analytics, or process automation preferred

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.

Jersey City, New York: 79,900.00 - 124,085.00

Hartford: 71,900.00 - 111,676.50

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.

Arch is committed to helping employees succeed through our 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.

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.