Staff Accountant – Statutory Accounting – Statutory Accounting

Job Description

Staff Accountant, Statutory Accounting | Arch Insurance Group Inc.

The Tone:
This is a full-time role at Arch Insurance Group Inc., located in Hartford, CT or NJ/NYC. Arch is an organization dedicated to promoting progress and inspiring clients, employees, investors, and communities by enabling possibility. This Staff Accountant position is critical for supporting the Statutory Accounting Department’s activities, particularly for the MidCorp and Entertainment business, offering a unique opportunity for growth, development, and exposure to the company’s diverse operations and management insights within the Finance Department. The role involves high levels of interaction with various finance and support teams across the organization.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Hartford, CT / NJ/NYC
• Pay: $55300–$91900 yearly
• Team: Reports to AVP of Statutory Accounting
• Mission: This individual will be responsible for numerous activities within the Statutory Accounting Department with a primary focus on the MidCorp and Entertainment business, while also liaising with various other business units and supporting departments.
• Tech Stack: Cognos, Alteryx, Workday, Sovos/Wings, GAIN Compliance, One Stream, Microsoft Excel

What You’ll Actually Do
• Regulatory Filings: Prepare NAIC and state regulatory filings for insurance entities primarily related to the MidCorp and Entertainment business, ensuring strict reporting deadlines are met.
• Journal Entries: Prepare and book Statutory journal entries.
• Data Collaboration: Work with various departments to obtain required data for statutory filings, developing strong relationships in the process.
• Project Support: Assist with projects and initiatives within the Statutory Accounting Department.
• Team Contribution: Display teamwork, integrity, and leadership as a member of the Finance team.

The Must-Haves
• Background: Bachelor Degree in Accounting, Business Administration, or Finance; Entry-Level career with core domain knowledge of property & casualty insurance operations.
• Experience: 1-3 years of accounting or finance experience within a property and casualty insurance organization, including statutory accounting knowledge and preparation of annual statements and supplements.
• Skills: Strong oral and written communication skills, analytical mindset, experience in financial reporting, ability to multitask, critical thinking, robust analytical and documentation skills, extensive understanding of Statutory Accounting Principles, strong Microsoft Excel skills with the ability to use complex formulas.
• Bonus: Experience with Cognos, Alteryx, Workday, Sovos/Wings, GAIN Compliance, and One Stream.