With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
POSITION 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.
TECHNICAL 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
- Prior experience with business intelligence applications such as Great Plains, TM1, Anaplan (or any other budgeting tools), and/or Cognos is preferred but not required
- 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
EDUCATION AND EXPERIENCE
- B.S. in Finance, Accounting or any relevant Data Analytics degree
- 5 – 7 years of experience with analyzing and forecasting IT spend
- Experience within Insurance or Technology industry, helpful but not required
- Experience working with Agile IT Frameworks preferred
- Experience working with global outsourcing functions – either external or internal/owned preferred
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.
$74,000 - $130,000/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.
10200 Arch Capital Services LLCB.S. in Finance, Accounting, or Data Analytics; 5-7 years analyzing and forecasting IT spend; proficiency in Microsoft Excel and PowerPoint; experience with business intelligence tools preferred; AI literacy and responsible use of AI tools.
Key Responsibilities
- tracking IT expenses
- preparing management reports
- assisting with budgeting
Skills & Tools
Microsoft Excel, Microsoft PowerPoint, Great Plains, TM1, Anaplan, Cognos
Job Details
- Category: Finance and Accounting
- Seniority: Senior Level
- Commitment: Full Time
- Workplace: Remote — North Carolina or New Jersey or New York or Connecticut
- Salary: USD 74,000 – 130,000 / year
- Languages: English
Benefits
- 401k matching
- Generous paid time off
- Tuition reimbursement
- Retirement plan
- Generous parental leave
About Arch Capital Group Ltd.
A Bermuda-based specialty insurer providing insurance, reinsurance, and mortgage insurance worldwide. — Industry: Finance