Financial Reporting Analyst

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 Financial Analyst is an integral financial reporting role within the Corporate Finance Group and is responsible for supporting the quarterly financial close process, accounting and reporting for the Insurance Segment. This role is critical in supporting the growing operations within Arch and the strategic plan for the Corporate Finance department. This includes preparation of various accounting entries, financial reporting schedules and reports. RESPONSIBILITIES Collect, analyze and interpret financial data to create financial statements and schedules to report the company?s financial performance Prepare various quarterly financial reporting schedules and variance analysis, primarily P&L and supporting schedules for premiums, losses, commissions and other acquisition expenses Assist in the timely and accurate preparation of the quarterly reports and Management Discussion and Analysis report (MD&A) Perform various quarterly close activities including journal entries and other financial transactions including Deferred Acquisition Costs (DAC) and Incurred But Not Reported Reserves (IBNR) in adherence with Generally Accepted Accounting Principles (GAAP) Work closely with key business partners to facilitate an efficient quarterly close to meet reporting deadlines Work extensively within Excel to produce supporting financial schedules such as Income Statements, Written Premium and Acquisition Expense schedules Support ad-hoc requests for financial information from various corporate and business partners Support adherence to internal controls and applied awareness of risk areas Assist with fulfilling and responding to external audit requests Other duties, as requested Display teamwork, integrity and strong work ethic Maintain adequate focus on personal growth; proactively seek relevant education and training? COMPETENCIES AND SKILLS Strong interpersonal, communication, and organization skills Knowledge of GAAP and financial statement analysis High attention to detail, a desire for accuracy, and a strong sense of urgency are a must Experience working in a high-volume, fast-paced environment Detail-oriented, analytical and able to multi-task under tight time frames Proven ability to analyze data and the underlying drivers of financial results Experience in public company financial reporting is a plus Knowledge of insurance accounting and financial reporting? Inclination to adapt to new circumstances, information, and challenges, with a positive "can do" attitude High level of proficiency in Microsoft Excel with ability to use complex formulas to manipulate data, by sorting, filtering including pivot tables, and functions such as VLOOKUP, SUMPRODUCT, and what-if scenarios Experience with Cognos, TM1, Great Plains, Workday or OneStream are a plus EXPERIENCE/EDUCATION/CREDENTIALS B.S. in Accounting or Finance Professional designation (e.g. CPA) beneficial, not required 3+ years of accounting, finance or financial reporting experience in Insurance industry, Property & Casualty 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. $79,900 - $107,900/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. Click here to learn more on available benefits. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn?t the right fit but you?re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch?s Talent Acquisition team. 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. Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.

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