Experienced Staff Accountant Jobs in Arch Capital Group Ltd Jersey City, NJ

In this role, you’ll take care of the day-to-day accounting tasks for Arch Insurance. This includes recording premiums from agents, tracking claims activity, and applying payments to outstanding receivables. You’ll be responsible for a specific book of business and will work closely with teams across the company, as well as agency partners.

Responsibilities and Accountabilities:

• Process all Premium and cash activity for assigned programs
• Update 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
• 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:

• Excellent proficiency with Excel, including a strong understanding of vlookups, pivot tables, and data management
• Familiarity with Workday Financials or other cloud ERP systems
• Outstanding oral and written communication skills, with a strong ability to think through issues
• Proactive and able to organize and prioritize to meet multiple demands and deadlines
• Skilled in evaluating processes to identify opportunities for improvement

Education and Experience:

• Bachelor's degree in Accounting or Finance
• 2+ years experience working in Accounting or Finance
• Insurance experience is preferred, but not required