Director, Finance

$79,900 - $107,900/Yr

Arch - Jersey City, NJ

Full-time

Jersey City, NJ

Accommodation

About the position

This position is responsible for managing various aspects of losses, including review, booking, and analysis, while providing financial support for a designated book of business. The role emphasizes accuracy, effective communication, and operational efficiency, contributing to the strategic initiative of Datastores at Arch Insurance Group.

Responsibilities

• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported.
• Work closely with underwriting, claims, and claims finance teams to provide necessary financial operational support.
• Review binders/contracts to ensure accounting aligns with contract terms for deductible analysis and financial booking.
• Communicate and interact with IT personnel, TPAs, underwriters, and various external and internal contacts on a daily basis.
• Assist with testing and implementation of new systems/processes including BU Datastores.
• Work with large sets of data to identify issues and provide suggestions for resolution.
• Train and manage offshore staff.
• Prepare and review gross and ceded loss entries.
• Review and approve breached deductibles.
• Identify inefficiencies and implement changes to increase operational efficiencies.
• Perform routine research and maintenance on policies, specific claims, and loss information.
• Review and analyze monthly and quarterly reports.
• Complete key assignments/special projects as assigned.

Requirements

• Minimum 8 years of North American property and casualty insurance industry experience.
• Bachelor's degree in finance or accounting.
• CPCU or other Insurance designations is a plus.
• Strong communication and interpersonal skills.
• Team player with strong Excel skills.
• Ability to analyze data and recognize anomalies.
• Dynamic and motivated individual capable of handling complexity.
• Ability to effectively communicate analysis and conclusions to financial information end-users.
• Demonstrated leadership, management, and developmental skills.

Benefits

• Base salary range of $79,900 - $107,900/year.
• Incentive eligibility for performance-based compensation.