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Position Summary
The position is responsible for all accounting tasks, which include recording premiums produced by the Agent and losses handled by claims, along with applying cash relating to open receivables. This position will be assigned a book of business and will interact with other Arch departments (Underwriters, Operations, Claims, IT and Corporate Finance) and Agency. The position will be expected to learn the process and produce timely and accurate financial reporting of their assigned accounts.
Responsibilities and Accountabilities
Manage all aspects of accounting activities related to delegated authority programs, including but not limited to:
- Highly proficient with Excel, including strong knowledge of vlookups, pivot tables and data management, MS Word, Outlook
- Working knowledge of Workday Financials or other cloud ERP systems
- Monthly and quarterly activities related to premium and cash activity for assigned programs
- Interact with the business unit
- Reconcile and track premium receivables for all assigned programs
- Process cash received monthly and apply to the open premium receivable balances
- Follow up with Agency regarding status of open balances
Other tasks related to the role:
Calculate reinsurance transactions according to contracts
· Prepare Reinsurance Statements monthly
· Process all Reinsurance related cash activity and update applicable sub-ledgers
· Prepare monthly reconciliation of sub-ledgers to general ledger
· Prepare manual adjustments for Quarter Closing process
· Produce Quarterly P&Ls for the respective business assigned
· Assist with financial audits
· Handle all special projects and financial analysis as assigned by management
Required Skills and Abilities
- Highly proficient with Excel, including strong knowledge of vlookups, pivot tables and data management, MS Word, Outlook
- Working knowledge of Workday Financials or other cloud ERP systems
- Exemplary oral and written communication skills; analytical, with keen ability to think through issues
- Proactive and able to organize and prioritize to meet multiple demands and commitments
- Ability to improve and evaluate processes to identify opportunities for improvement
Education & Experience
- Bachelor’s Degree in Accounting
- 2 to 5 years experience working in Accounting/Finance with emphasis on the insurance/reinsurance industry
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 JC/Garden City: $61,500 - $98,400/year
For CT/PA: $55,300 - $88,500/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. 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.
