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Position Summary
The Director of Finance will play an integral role in the organization’s expense management strategy, ensuring financial discipline and transparency across the Arch Insurance Business and Service units. This role partners closely with business leaders to provide budgeting guidance, oversee expense reporting deliverables, and drive accurate financial consolidation. The ideal candidate is a strategic thinker with strong analytical skills and a proven ability to influence decision-making through data-driven insights.
This role is hybrid (2 days remote, 3 days in the office), and will sit in either our Jersey City, NJ, Hartford, CT, Garden City, NY, or Philadelphia, PA office.
Responsibilities and Accountabilities
Expense Management
Monitor and analyze expense trends, identifying opportunities for cost savings and efficiency.
Develop and implement policies and controls to optimize expense management across departments.
Ensure compliance with corporate expense policies and regulatory requirements.
Budgeting & Forecasting
Partner with business leaders to prepare annual budgets and periodic forecasts, including insightful analytics to isolate trending and meaningful drivers.
Provide actionable insights and recommendations to support financial decision-making.
Facilitate budget reviews and variance analysis to maintain alignment with organizational goals.
Align business’s services rendered to its expense allocations back to the sub-businesses.
Expense Reporting & Deliverables
Oversee timely and accurate preparation of expense reports for internal and corporate stakeholders, including quarterly results packages, management discussion and analysis documents, waterfall analysis, and other management reporting documents.
Partner with Arch Capital Services (Corporate) to define standardized reporting processes and tools to enhance visibility and accountability.
Ensure adherence to deadlines for monthly, quarterly, and annual reporting cycles.
Manage workflow approvals for 3rd party expense invoices and financial adjustments (accruals, expense reclasses, balance sheet liabilities, etc.)
Financial Consolidation
Lead the consolidation of financial results across multiple Business / Service units.
Maintain accuracy and integrity of consolidated financial statements.
Prepare analysis for management and corporate deliverables, including finance leadership reviews, executive summaries, management discussion and analysis documents, M&A integration costs, and other key deliverables.
Collaborate with peers to ensure proper reconciliations and eliminations.
Leadership & Collaboration
Serve as a trusted advisor to senior management on financial performance and expense strategies.
Mentor and develop finance team members to build a high-performing organization.
Drive cross-functional collaboration to align financial objectives with operational priorities.
Required Skills and Abilities
Strong skills in Microsoft Office Suite: Word, Excel, PowerPoint; ability to model and create complex spreadsheets, look up tables, pivot tables, and understand/analyze the results
Advanced proficiency in financial systems and reporting tools (e.g., Workday, Anaplan, TM1).
Exceptional analytical, communication, and stakeholder management skills.
Knowledge of GAAP and Statutory financial statement analysis
Ability to improve and evaluate processes to identify opportunities for improvement
Excellent interpersonal skills and track record of effective interactions with individuals at all levels of the organization
Education/Experience
Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
6+ years of progressive finance experience, including leadership roles.
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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.
For Jersey City: $79,900 - $107,900/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.
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.
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