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POSITION SUMMARY
The role of Director, Financial Reporting plays a crucial role within the Corporate Finance Group and will be responsible for overseeing the accuracy, integrity and timeliness of all aspects of the quarterly close process. The Director role is essential in supporting the strategic future of the Corporate Finance Department and will lead and develop a high-performing Financial Reporting team. The ideal candidate brings proven management experience across both personnel and financial reporting functions, is highly organized and detail-oriented, and demonstrates strong analytical, technical, and problem-solving skills. Success in this role requires the ability to thrive in a fast-paced environment, drive process improvements, and build strong cross-functional relationships across the organization.
RESPONSIBILITIES AND ACCOUNTABILITIES
• Oversee quarterly balance sheet and income statement close activities in accordance with Generally Accepted Accounting Principles.
• Lead Worldwide Insurance Segment reporting efforts, including the production of Worldwide MD&A and all supporting schedules, along with analyzing and summarizing results; Collaborate closely with the UK team to facilitate the exchange of financial data, ensuring timely, accurate, and comprehensive global reporting.
• Oversee the preparation of and review the premium receivable aging, bad debt, Current Expected Credit Losses (CECL) analysis, ceding commissions, Incurred But Not Reported Reserves (IBNR) posting and various other schedules, reports, analysis and manual journal entries ensuring adherence to accounting policies.
• Review and manage preparation of fluctuation analyses for Balance Sheet and Cash Flow statements; Review balance sheet scorecards and related review meetings.
• Support the preparation of and review of the North America Insurance Management Discussion & Analysis (MD&A), consolidations, SEC reporting and intercompany reconciliations for the Insurance Segment.
• Participate in the accurate production and detailed review of corporate finance deliverables.
• Prepare analytical reviews of financial statements during closing process and field questions concerning financial results.
• Assist others within the department with research of issues that require advanced accounting or system knowledge.
• Proactively identify, develop, and implement process enhancements to drive efficiency and improve reporting accuracy and manage adherence to internal controls and applied awareness of risk areas.
• Prepare material for the board of directors.
• Work collaboratively and develop strong relationships with business unit finance and ceded reinsurance accounting personnel, operational executives, and managers to facilitate an efficient quarterly close to meet reporting deadlines.
• Support Corporate Finance department with adherence to accounting policies, SOX and internal/external audit requests and requests from other finance areas.
• Lead, mentor, and develop a high-performing team focused on achieving goals, learning and continuous development.
• Display teamwork, integrity and leadership.
• Maintain a proactive focus on personal growth by seeking relevant education, training, and development opportunities.
• Perform additional duties and projects as requested, adapting to business needs and priorities.
REQUIRED SKILLS AND ABILITIES
• 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
• Strong understanding of Generally Accepted Accounting Principles (GAAP)
• Ability to apply accounting policy and standards
• Knowledge of 21st century finance and accounting software, tools and best practices
• Ability to effectively communicate analysis and conclusions to financial information end-users, tailoring the communication to the relevant audience
• Highly proficient in Microsoft Excel, including advanced functions and data analysis tools
• Comfortable working across multiple financial systems and applications, with the ability to quickly adapt to new technologies
• Strong problem-solving, critical thinking, analytical, organizational, multi-tasking, and time management skills
• Demonstrated leadership, people management and development skills
EDUCATION AND EXPERIENCE
• 6+ years of property and casualty insurance industry experience
• Bachelor’s degree in Accounting or Finance
• MBA/Advanced degree, CPA, SEC reporting background are beneficial but not required
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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.
$91,600 - $123,600/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.
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14400 Arch Insurance Group Inc.
