Staff Accountant, Statutory Accounting

Arch Insurance Group Inc.; Jersey City (NJ); On-site; USD 62,000 - 92,000; Full time

Job summary

Arch Insurance Group Inc. in New Jersey seeks a Staff Accountant – Statutory Accounting to handle NAIC filings and statutory reporting for MidCorp and Entertainment lines. You will collaborate with multiple finance teams, prepare journal entries, and support ongoing statutory projects.

The ideal candidate has 1–3 years in insurance accounting, strong analytical and communication skills, and a degree in accounting or finance. The role offers a clear path for growth within the Finance Department.

Qualifications

• 1-3 years of accounting or finance experience with a property and casualty insurance organization.
• Statutory accounting knowledge including preparation of annual statements and supplements

Responsibilities

• Prepare NAIC and state regulatory filings for MidCorp and Entertainment lines with tight deadlines
• Post Statutory journal entries and align with reporting requirements
• Collaborate with departments to obtain data for filings and build relationships
• Support department projects and initiatives and demonstrate teamwork and integrity
• Display leadership and effective communication across finance teams

Skills

Statutory accounting

Analytical mindset

Communication skills

Time management

Team collaboration

Excel skills

Education

Degree in Accounting

Tools

Cognos

Alteryx

Workday

Sovos/Wings

GAIN Compliance

One Stream

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.

Job Description Summary

We are seeking a candidate for the Staff Accountant – Statutory Accounting position. This individual will be responsible for numerous activities within the Department with a primary focus on the MidCorp and Entertainment business as well as have opportunities to liaise with various other business units and supporting departments. This role offers the opportunity for the individual to grow and develop within the Finance Department. The position will provide exposure to the Company’s various divisions and operations and provide insight into how the business is managed. This individual will have a high level of interaction with other members of the finance teams throughout the organization as well as interaction with other support teams. Based in the Northeast, this position reports to the AVP of Statutory Accounting. The ideal candidate has strong oral and written communication skills, an analytical mindset, experience in financial reporting and the ability to multitask to effectively manage their time across various roles and responsibilities.

Job Responsibilities

• Responsible for preparation of NAIC and state regulatory filings for those insurance entities primarily related to the MidCorp and Entertainment business and meeting strict reporting deadlines
• Prepare and book Statutory journal entries
• Work with various departments to obtain required data for statutory filings while developing strong relationships
• Assist with projects and initiatives within the Department
• Display teamwork, integrity, and leadership

Desired Skills/Experience

• Strong desire to facilitate change, add value and succeed as a member of the Finance team
• Ability to "think outside the box" and evaluate processes to identify opportunities for improvement
• Critical thinking and robust analytical and documentation skills
• Strong interpersonal, communication, and organizational skills
• Extensive understanding of Statutory Accounting Principles
• Knowledge of property & casualty insurance operations
• Willingness to proactively collaborate and share information with other members of the team and the broader Finance group
• Capability to function in a team environment while assuming increased responsibilities within a dynamic and growing organization
• Exceptional work ethic, integrity, and the ability to work autonomously while effectively managing expectations
• Strong Microsoft Excel skills with the ability to use complex formulas to manipulate large volume of data
• Experience with Cognos, Alteryx, Workday, Sovos/Wings, GAIN Compliance and One Stream a plus

Required Skills/Experience

• 1-3 years of accounting or finance experience with a property and casualty insurance organization
• Statutory accounting knowledge including preparation of annual statements and supplements

Education

• Degree in Accounting, Business Administration or Finance

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.

• For Hartford, CT: $55,300 - $82,700/year
• For NJ/NYC: $61,500 - $91,900/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.
• 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.