Arch Capital Services LLC Logo

Arch Capital Services LLC

Senior Accountant

Posted 4 Days Ago
Be an Early Applicant
In-Office
2 Locations
72K-124K Annually
Senior level
In-Office
2 Locations
72K-124K Annually
Senior level
The Senior Accountant leads balance sheet close activities, financial reporting, reconciliations, variance and receivable analyses, CECL reserve calculations, and compliance with U.S. GAAP. The role partners with finance and cross-functional teams, supports income statement close, maintains reporting calendars, strengthens internal controls, and responds to ad hoc requests. It also identifies process improvements using financial systems, data analytics, and automation, while coordinating accounting and finance projects.
The summary above was generated by AI

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 Senior Accountant, Corporate Finance is a key contributor to the quarterly close and financial reporting process, with primary responsibility for balance sheet accounting, analysis, and related reporting activities, while supporting income statement close processes. This role requires a strong technical accounting foundation, sound analytical judgment, and the ability to identify, interpret, and communicate the key drivers behind financial results.

This position offers broad exposure to the Company's divisions and operations and plays an integral role in ensuring accurate and timely financial reporting. The Senior Accountant supports the close process, performs financial analysis, and drives process improvements that enhance reporting quality, efficiency, and internal controls.

This opportunity is ideal for an accounting professional who enjoys combining accounting expertise with technology, data analytics, and automation to improve financial processes and reporting capabilities. The successful candidate is collaborative, detail-oriented, intellectually curious, and system-oriented, with the ability to manage multiple priorities in a fast-paced environment while continuously seeking opportunities to improve processes and deliver actionable financial insights.

  

RESPONSIBILITIES

Financial Close, Reporting & Business Partnership

  • Own balance sheet quarterly close activities, including leading balance sheet review meetings with finance teams to discuss account activity and key trends
  • Prepare flux analyses of balance sheet and cash flow statements, maintain financial reporting metrics, and provide insight into noteworthy trends to support informed management decision-making
  • Monitor balance sheet activity, including accruals submitted by finance teams, and follow up on unusual activity or potential risk areas
  • Perform premium receivable aging analyses by business division, monitor bad debt reserves, and calculate Current Expected Credit Losses (CECL) reserves in accordance with accounting policy
  • Perform excess ceding commission and deferred ceding commission calculations
  • Support income statement quarterly close activities by collaborating with other members of the Corporate Finance team to facilitate a timely and accurate close
  • Prepare and maintain quarterly close calendars in coordination with Business Unit Finance, IT, and Actuarial
  • Assist in research of accounting literature to support compliance with U.S. GAAP and internal accounting policies
  • Support adherence to internal controls and maintain awareness of potential risk areas
  • Respond to ad hoc financial reporting requests from Corporate Finance leadership and business partners
  • Develop strong partnerships with business unit finance teams, operational leaders, and cross-functional stakeholders to support informed business decisions

Process Improvement, Systems & Projects

  • Identify opportunities to improve accounting and reporting processes, including the use of technology, data analytics, and automation to enhance efficiency
  • Coordinate accounting projects, finance initiatives, and special projects with Corporate Finance, business unit finance teams, and other departments, as needed

COMPETENCIES AND SKILLS

  • Strong knowledge of U.S. GAAP, financial reporting, and financial statement analysis.
  • Proven ability to analyze financial data, identify trends, investigate variances, and communicate the key drivers of financial results.
  • Strong balance sheet accounting and reconciliation skills, with the ability to identify and assess potential financial reporting risks.
  • Advanced Microsoft Excel skills, including complex formulas, pivot tables, and analysis of large datasets.
  • Experience leveraging financial systems, reporting tools, data analytics, and large datasets to improve reporting, streamline processes, and drive continuous improvement; experience with Workday, TM1, or OneStream is a plus.
  • Strong interpersonal, collaboration, and communication skills, with the ability to build effective partnerships across Finance and cross-functional teams.
  • Highly organized, detail-oriented, and able to manage multiple priorities and deadlines in a fast-paced close environment.
  • Demonstrated integrity, accountability, sound judgment, and the ability to work independently while managing stakeholder expectations.
  • Adaptable, proactive, and solutions-oriented, with a commitment to continuous learning, teamwork, and process improvement.

EXPERIENCE/EDUCATION/CREDENTIALS

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
  • CPA or other recognized accounting or finance qualification, or active pursuit of one, is a plus
  • 5+ years of experience in accounting, finance, financial reporting, or a related field
  • Experience in a property and casualty insurance organization is preferred
  • Current or recent public company financial reporting experience is a plus
  • Prior experience with financial systems, reporting tools, data analytics, or process automation 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.

Jersey City, New York: 79,900.00 - 124,085.00
Hartford: 71,900.00 - 111,676.50

  • 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.

Arch Capital Services LLC New York, New York, USA Office

New York, New York, United States

Arch Capital Services LLC New York, New York, USA Office

1114 Avenue of the Americas 12th & 14th Floors , New York, United States, 10110

Similar Jobs

4 Days Ago
Easy Apply
In-Office
New York, NY, USA
Easy Apply
131K-154K Annually
Senior level
131K-154K Annually
Senior level
Artificial Intelligence • Blockchain • Fintech • Financial Services • Cryptocurrency • NFT • Web3
Own monthly close, reconciliations, financial statements, and regulatory reporting for Coinbase’s FCM and Broker-Dealer entities. Monitor capital and liquidity requirements, coordinate audits, strengthen accounting and compliance controls, support product launches, and automate scalable accounting processes. The role partners with Accounting, Product, Engineering, Legal, and Compliance teams while meeting regulatory deadlines and maintaining accurate, business-ready outputs through responsible use of generative AI.
Top Skills: Generative Ai
8 Days Ago
Hybrid
New York, NY, USA
120K-130K Annually
Senior level
120K-130K Annually
Senior level
Artificial Intelligence • Fintech • Machine Learning • Natural Language Processing • Software • Business Intelligence • Financial Services
The Senior Accountant will own key areas of monthly, quarterly, and annual close processes, including journal entries, reconciliations, revenue accounting, financial reporting, audit support, and tax coordination. The role will help establish internal controls, maintain accounting processes, evaluate and implement ERP systems, and improve workflows using AI. The position requires collaboration with the Controller and RevOps in a rapidly growing, venture-backed SaaS company.
Top Skills: AIAsc 606Asc 842CampfireErp SystemsNetSuiteRampRilletSaas Revenue RecognitionUs Gaap
11 Days Ago
Easy Apply
In-Office
New York, NY, USA
Easy Apply
105K-115K Annually
Senior level
105K-115K Annually
Senior level
Artificial Intelligence • Computer Vision • Machine Learning • Payments • Real Estate • PropTech
Own monthly, quarterly, and annual financial close activities; prepare journal entries, reconciliations, technical accounting analyses, audit workpapers, disclosures, and accounting memos. Support external audits, develop SOX-ready internal controls, perform variance analysis, and collaborate with FP&A, Legal, Tax, Operations, and Engineering. Improve close workflows and reporting through automation, ERP systems, and AI tools while ensuring compliance with US GAAP.
Top Skills: Ai ToolsAsc 360Asc 606Asc 842ExcelNetSuiteOracleSAPSoxUs Gaap

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account