Senior IT Finance Analyst

Arch Capital; North Carolina; On-site; USD 74,000 - 130,000; Full time

Benefits offered by this job

Medical plans

401k with company matching

PTO 20 days

Paid holidays

Parental Leave

Student loan assistance

Job summary

Arch Capital is seeking an IT Financial Analyst to track IT expenses, work with IT leadership on budgeting, and maintain detailed cost trackers across IT cost centers. You will liaise between IT and Finance to ensure accurate reporting and contribute to quarterly variance analyses.

The role requires strong Excel, PowerPoint, and BI tool proficiency, with experience in GAAP reporting and IT cost modeling in a global, fast-paced environment. Insurance/tech exposure is preferred.

Qualifications

• B.S. in Finance, Accounting or Data Analytics.
• 5–7 years of experience analyzing and forecasting IT spend.
• Experience in Insurance or Technology industry helpful but not required.
• Experience with Agile IT Frameworks preferred.
• Experience with global outsourcing functions—external or internal/owned.

Responsibilities

• Track IT expenses for Arch Capital Group, including segment allocations and internal charges.
• Partner with IT leadership to understand projects and assist with budgeting.
• Liaise between IT and Finance to ensure open communication.
• Prepare and maintain IT expense tracker and reports for IT Steering Committee versus budget.
• Assist cost allocation reports and IT metric updates for allocations.

Skills

IT expense tracking

GAAP reporting

Excel

PowerPoint

BI tools

Analytical skills

Communication

Collaboration

Attention to detail

Project management

Learning new systems

AI literacy

Education

B.S. in Finance or Accounting or Data Analytics

Tools

Great Plains

TM1

Anaplan

Cognos

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 RESPONSIBILITIES

• Responsible for tracking IT expenses incurred by the Arch Capital Group, including segment allocations and inner-company management charges.
• Partner with IT leadership to understand upcoming projects and assist with budgeting
• Liaison between IT and Finance to ensure open and fluid communication
• Prepare and maintain IT expense tracker and other management reports to assist the IT Steering Committee track spending compared to budget
• Assist in the cost benefit analysis of any large expenditures
• Assist with IT accruals for the quarter close, as well as monthly and quarterly journal entries for expenditures and accruals for all IT cost centers in Arch Capital Group
• Review and code invoices for proper recording of IT expenses
• Assist with Cost Allocation report, ensuring that the IT metrics (headcount, etc.) are updated and accurate to produce appropriate IT allocations.
• Work closely with ACS Finance to maintain proper fixed asset records.
• Assist with quarterly variance analyses (actuals vs. prior year and budget)
• Perform other duties as assigned and ad hoc requests
• Prepare ad-hoc reports, special projects, and presentations for various internal stakeholders including Technology, Product, and Business Operations
• Support the IT Steering Committee with material preparation.

TECHNICAL SKILLS

• Understanding of IT expense categorization and GAAP reporting guidelines such as capitalization, amortization, and depreciation
• Understanding and staying current on the latest IT accounting trends and accounting treatment of new products (i.e. SaaS, PaaS and other -aaS, digital and cloud modeled services)
• Experience with forecasting IT expenditure and coordinating within a global and/or public company IT infrastructure
• High level of proficiency in Microsoft Excel formulas, sorting, filtering including pivot tables, VLOOKUP, SUMPRODUCT, and what-if scenarios
• Strong knowledge of PowerPoint
• Prior experience with business intelligence applications such as Great Plains, TM1, Anaplan (or any other budgeting tools), and/or Cognos is preferred but not required
• Demonstrates foundational AI literacy and the ability to appropriately leverage approved AI-enabled tools to improve productivity, analysis, problem-solving, and decision-making. Applies sound judgment when evaluating AI-generated outputs and uses AI responsibly in accordance with company security, privacy, data governance, and acceptable-use requirements.
• Ability to leverage approved AI capabilities to support financial analysis, identify trends and insights, streamline reporting, and improve efficiency while independently validating financial data and conclusions.
• Strong analytical skills
• Strong verbal and written communication skills
• Highly collaborative with strong problem solving, interpersonal and project management skills
• Attention to detail, desire for accuracy, and a strong sense of urgency
• Ability to quickly learn new concepts and navigate new systems/databases
• Intellectually curious with a desire to understand the business beyond the scope of day-to-day responsibilities

EDUCATION AND EXPERIENCE

• B.S. in Finance, Accounting or any relevant Data Analytics degree
• 5 - 7 years of experience with analyzing and forecasting IT spend
• Experience within Insurance or Technology industry, helpful but not required
• Experience working with Agile IT Frameworks preferred
• Experience working with global outsourcing functions - either external or internal/owned 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.

$74,000 - $130,000/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. 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.

Do you like solving complex business problems, working with talented colleagues a