Note: The job is a remote job and is open to candidates in USA. Arch Capital Services LLC is hiring a Senior IT Finance Analyst to track and analyze IT expenses, support budgeting and forecasting, and maintain financial reporting and cost allocations. The role partners with IT leadership and Finance and supports the IT Steering Committee with analysis, reports, and materials.
Responsibilities
- Responsible for tracking IT expenses incurred by the Arch Capital Group, including segment allocations and inner-company management charges
- Partner with IT leadership to understand upcoming projects and assist with budgeting
- Liaison between IT and Finance to ensure open and fluid communication
- Prepare and maintain IT expense tracker and other management reports to assist the IT Steering Committee track spending compared to budget
- Assist in the cost benefit analysis of any large expenditures
- Assist with IT accruals for the quarter close, as well as monthly and quarterly journal entries for expenditures and accruals for all IT cost centers in Arch Capital Group
- Review and code invoices for proper recording of IT expenses
- Assist with Cost Allocation report, ensuring that the IT metrics (headcount, etc.) are updated and accurate to produce appropriate IT allocations
- Work closely with ACS Finance to maintain proper fixed asset records
- Assist with quarterly variance analyses (actuals vs. prior year and budget)
- Perform other duties as assigned and ad hoc requests
- Prepare ad-hoc reports, special projects, and presentations for various internal stakeholders including Technology, Product, and Business Operations
- Support the IT Steering Committee with material preparation
Skills
- Understanding of IT expense categorization and GAAP reporting guidelines such as capitalization, amortization, and depreciation
- Understanding and staying current on the latest IT accounting trends and accounting treatment of new products (i.e. SaaS, PaaS and other -aaS, digital and cloud modeled services)
- Experience with forecasting IT expenditure and coordinating within a global and/or public company IT infrastructure
- High level of proficiency in Microsoft Excel formulas, sorting, filtering including pivot tables, VLOOKUP, SUMPRODUCT, and what-if scenarios
- Strong knowledge of PowerPoint
- Demonstrates foundational AI literacy and the ability to appropriately leverage approved AI-enabled tools to improve productivity, analysis, problem-solving, and decision-making. Applies sound judgment when evaluating AI-generated outputs and uses AI responsibly in accordance with company security, privacy, data governance, and acceptable-use requirements
- Ability to leverage approved AI capabilities to support financial analysis, identify trends and insights, streamline reporting, and improve efficiency while independently validating financial data and conclusions
- Strong analytical skills
- Strong verbal and written communication skills
- Highly collaborative with strong problem solving, interpersonal and project management skills
- Attention to detail, desire for accuracy, and a strong sense of urgency
- Ability to quickly learn new concepts and navigate new systems/databases
- Intellectually curious with a desire to understand the business beyond the scope of day-to-day responsibilities
- B.S. in Finance, Accounting or any relevant Data Analytics degree
- 5 – 7 years of experience with analyzing and forecasting IT spend
- Prior experience with business intelligence applications such as Great Plains, TM1, Anaplan (or any other budgeting tools), and/or Cognos
- Experience within Insurance or Technology industry
- Experience working with Agile IT Frameworks
- Experience working with global outsourcing functions – either external or internal/owned
Benefits
- Multiple medical plans plus dental, vision and prescription drug coverage
- Competitive 401k with generous matching
- PTO beginning at 20 days per year
- Up to 12 paid company holidays per year
- 2 paid days of Volunteer Time Offer
- Basic Life and AD&D Insurance
- Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance and Tuition Reimbursement
- Backup Child and Elder Care
Company Overview
Company H1B Sponsorship