VP, Finance (Accounting)

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℠.

Summary

The Vice President will be an integral leader and change agent within the North American Finance Group. This role will be responsible for accounting/reporting related to various business units (Programs and Surety). This role will be critical in helping form strategy and shaping the future of the Finance department - including modernizing and making more efficient processes and data quality - for some key significant and growing operations within Arch.

Responsibilities

• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to make informed recommendations. Work closely with underwriting team to understand the business and provide the financial operational support.
• Manage the accounting and reporting for Programs and Surety business units. Oversee the teams responsible for booking of premium, commission, ceded premium, ceding commission, losses, etc.
• Manage calculation and booking of ceded reinsurance contracts and ensure accounting is in line with contract terms.
• Work closely with other departments to ensure set-up of current and new business activities is accurate and efficient.
• Take part in special projects, including testing and implementation of new systems, process improvements (including early close issue) and data quality initiatives.
• Will have extensive interaction with various departments/disciplines at the group, including other areas in finance, actuarial, legal, reinsurance, claims and IT.
• Manage staff performance; implement strategies and plans to address staff development; identify and address training needs on an ongoing basis

Qualifications

• Excellent leadership and management skills, proven track record of team leadership
• Ability to work independently and in a team environment
• Dynamic and motivated individual, 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.

Education and Experience

• Minimum 12 years of North American property and casualty insurance industry experience, including statutory accounting experience required.
• Finance or accounting degree required.
• Certified Public Accountant or Chartered Accountant is a plus.
• CPCU or other Insurance designations is a plus.

For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$166,900 - $225,300/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 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.