Director of Investment Accounting, Finance Services

Company: Arch Insurance
Location: White Plains
Posted on: September 12, 2020

Job Description:

Copyright 2018 Arch Capital Group Ltd. All rights reserved.

Director of Investment Accounting, Finance Services Entity Arch Capital Services Inc

Job Locations US-NY-White Plains

Job ID 2020-3695

Business Segment Corporate

# of Openings 1

Category Finance

The Position The Director of Investment Accounting will lead the daily investment accounting operations for the Company’s investment portfolio for both US GAAP and US Statutory reporting by working with the Controllers and the investment portfolio management team as well as coordinating with our outsourced investment accounting provider, (Clearwater Analytics) and other subsidiary companies.

The ideal candidate has strong written and oral communication skills, an analytical mindset, and the ability to multitask in order to effectively manage his or her time across various roles and responsibilities. In this role, the individual will report to the VP of Investment Accounting & Finance Services of the Company, and is located in White Plains, New York.

Job Responsibilities Responsible for oversight of GAAP and STAT general ledger reconciliations for investments within the Clearwater system. Assist in creating, implementing and managing data integrity for the Clearwater accounting system for approximately $24 billion asset under management.

Responsible for preparation and review of quarterly and annual statutory investment schedules, footnotes and general interrogatories

Assist in enhancing the accounting, reporting and analysis functions surrounding the alternative investments and integration of new alternative investment platform

Assist in centralizing of investment accounting function

Ensure that established investment accounting policies and Statutory guidelines are implemented and are consistently applied throughout the Company

Provide expertise in using our Clearwater Analytics system to analyze and report on the financial results of our investment portfolio

Drive efficiency, timeliness and accuracy in the investment accounting process by strong integration with internal and external resources through the use of technology

Assist the investment accounting team in analyzing monthly and quarterly investment accounting reports related to the investment portfolio as required by executive management, including financial reports, disclosures and MD&A’s in Forms 10-K and 10-Q and other SEC filings, and/or earnings releases

Work closely with our internal auditors in monitoring and documentation of internal controls (SOX) and external auditors to provide timely and accurate information over financial reporting related to investment accounting

Stay abreast of investment related reporting and compliance / regulatory changes that may impact the reporting process. Assist in the implementation of regulatory changes to reporting processes

Required Skills/Experience 8+ years’ experience in investment accounting within the insurance industry or asset management firm

Strong knowledge of US GAAP and Statutory investment accounting

Must be able to travel periodically and meet with outsourced investment accounting provider and others in Idaho , New York, Bermuda and other locations

Desired Skills/Experience Strong analytical, documentation, and organizational skills

Advanced proficiency and experience using Microsoft Office Suite: Excel, Access, PowerPoint

Experience working with investment accounting systems such as Clearwater, CAMRA or PAM is preferred

Capable of delivering results both independently and as part of a team

Excellent interpersonal skills, capable of interacting effectively at all levels within the company

Education Bachelor's Degree in Accounting

CPA, CA or MBA is preferred

The Company Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

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Keywords: Arch Insurance, White Plains , Director of Investment Accounting, Finance Services, Other , White Plains, New York