Financial Reporting Specialist

2 months ago

Toronto, Ontario, Canada Arch Capital Group Full time

About Arch Capital Group

Arch Capital Group is a leading global insurance and reinsurance company that aims to promote progress and inspire its clients, employees, investors, and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals.

Job Summary

We are seeking a highly skilled Financial Reporting Specialist to join our US corporate finance team. The successful candidate will be responsible for preparing financial reports to US Finance and analyzing US GAAP balance sheet and income statement.

Key Responsibilities

  • Prepare financial reports to US Finance and analyze US GAAP balance sheet and income statement
  • Coordinate quarterly close activities in conjunction with US Finance closing schedule
  • Perform GL account reconciliations and ensure valid information in the accounting system
  • Prepare management reporting package for Canadian management and provide meaningful analysis of results by liaising with the relevant Canadian business units
  • Prepare detailed general and administrative expense analysis, liaising with intercompany affiliates to analyze intercompany charges including eliminations for reporting
  • Prepare and file premium tax and sales tax returns
  • Assist with the implementation of new or updates to reporting requirements and financial controls related to US corporate reporting
  • Initiate process improvements as necessary for all accounting and reporting processes within Finance and in other areas of the company to reduce the reporting cycle
  • Assist with special projects and ad-hoc initiatives as required

Requirements

  • Minimum 5 years of Canadian property and casualty insurance accounting experience
  • Experience with US corporate reporting under US GAAP
  • High degree of technical and analytical expertise, excellent verbal, written, and communication skills
  • Detail-oriented, able to manage several complex processes/tasks with a high level of accuracy
  • Well-organized, innovative with a high level of initiative and strong time management skills with the ability to establish priorities to meet tight deadlines with little to no supervision while balancing multiple and constantly changing needs and schedules
  • Flexible and able to work in a fast-paced environment, high degree of accountability and ownership
  • Ability to deal directly with internal and external stakeholders
  • Strong analytical and problem-solving skills

Qualifications

  • Bachelor's Degree in Finance or Accounting
  • CPA designation

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