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Director of Financial Planning & Analysis

Company: Arch Capital Group Ltd.
Location: Raleigh
Posted on: May 3, 2021

Job Description:

The Position

The Director of Financial Planning & Analysis (FP&A) supports the Corporate Controller's group, which manages the operations of Arch's Bermuda (ACGL) and U.S. (ACGUS) holding companies and its U.S. services company (ACS), which employs approximately 325 employees that provide finance, legal, HR and IT related services to subsidiaries of ACGL within its insurance, reinsurance and mortgage business units.

The Director of FP&A will perform a variety of functions including financial planning, analysis and reporting for the holding companies and services company, which includes approximately 35 cost centers and will directly handle the quarterly allocation of the services company's $120M of operating expenses to ACGL's subsidiaries. Keys to success in this position will be providing excellent customer service to our cost center managers and business unit finance teams, having strong financial acumen, proficiency with financial systems and databases, the ability to think conceptually, and a strong attention to detail.

Job Responsibilities

* Responsible for preparing, maintaining, and updating annual budget and quarterly forecasts for corporate companies by liaising with cost center managers. * Manage annual budget communications and reporting with ACS management, cost center managers and business unit finance teams. * Deliver quarterly variance analysis of budget and reforecasts to actual results to cost center managers and business unit finance teams. * Evaluate manual and automated financial workflows for efficiency and implement necessary changes. * Enhance our quarterly reforecast process with more robust reporting and analysis. * Maintain complex forecasting and allocation models in TM1, our reporting allocation database to ensure data integrity, including the development, administration and reporting. * Ensure consistent practices are used to maintain system integrity. * Ensure that all projections are prepared in accordance with Generally Accepted Accounting Principles (GAAP), and other regulatory requirements. * Assist with data validation and data mapping. * Reconcile data between systems. * Conducts ad hoc analyses and special projects as needed. * Provide support to the Accounts Payable team as needed.

Required Skills/Experience

* Minimum of 5 to 7 years experience in financial and analytical roles or equivalent combination of knowledge and experience * Experience in financial planning and analysis with the ability to analyze information, utilize assumptions, and factors affecting corporate company results. * Knowledge and experience in financial software applications such as Anaplan, IBM Cognos Enterprise Planning (TM1). * Solid understanding of GAAP with ability to translate actual results into accurate financial projections and variance analyses.

Desired Skills/Experience

* Effective interpersonal and communication skills (written and verbal) to collaborate effectively with internal/external contacts at various levels * Highly analytical, forward thinking, with excellent problem solving skills. * Understanding of relational databases in order to create, modify and analyze reports. * Advanced knowledge of Excel and Microsoft PowerPoint. * Ability to manage multiple assignments with stringent deadlines.

Education

* BA in Accounting of Finance * MBA or FP&A Professional certification is a plus

The Company

Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services LLC provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what's next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.

Keywords: Arch Capital Group Ltd., Raleigh , Director of Financial Planning & Analysis, Other , Raleigh, North Carolina

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