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Arch Capital Group Ltd.
Arch Capital Group Ltd.
5,001 – 10,000 Employees
ConsultingInsuranceLogistics
Arch Capital Group Ltd. is a global insurance organization specializing in specialty insurance, reinsurance, and mortgage insurance. Its businesses provide risk management and risk financing solutions across multiple industries, with operations spanning North America, Europe, and Australia. The company uses analytical approaches to evaluate and price complex risks, while its portfolio reflects a focus on sustainable business practices, governance, and disciplined growth. Job seekers can explore opportunities connected to insurance underwriting, risk analysis, reinsurance, mortgage insurance, and related corporate functions.
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Senior IT Finance Analyst

At Arch Capital Group, the Senior IT Finance Analyst tracks and forecasts technology spending. The role supports budgeting, cost allocations, accruals, variance analysis, and reporting to the IT Steering Committee.

USUnited StatesCTConnecticutNJNew JerseyNYNew YorkNCNorth Carolina
$74,000 – $130,000 / year
On-siteFull-timeSeniorEnglish RequiredFinancial Planning and Analysis
CloudCognos

Description

  • Monitor Arch Capital Group’s IT expenses, including segment allocations and intercompany management charges.
  • Work with IT leaders to understand planned projects and support budgeting.
  • Coordinate between IT and Finance.
  • Maintain IT expense trackers and management reports for the IT Steering Committee.
  • Monitor spending against budget.
  • Support cost-benefit analysis for major expenditures.
  • Help prepare IT accruals for quarter-end close and monthly and quarterly journal entries for IT cost centers.
  • Review and code invoices to ensure IT expenses are recorded correctly.
  • Support cost allocation reporting and maintain accurate IT metrics.
  • Work with ACS Finance to maintain fixed asset records.
  • Help analyze quarterly variances against actual results, the prior year, and budget.
  • Prepare ad hoc reports, project work, and presentations for Technology, Product, and Business Operations stakeholders.
  • Prepare materials for the IT Steering Committee.
  • Handle other assigned duties and ad hoc requests.

Requirements

  • Bachelor’s degree in Finance, Accounting, or a relevant data analytics discipline.
  • Five to seven years of experience analyzing and forecasting IT spending.
  • Knowledge of IT expense categories and GAAP reporting, including capitalization, amortization, and depreciation.
  • Knowledge of current IT accounting practices and accounting treatment for SaaS, PaaS, other as-a-service, digital, and cloud-based services.
  • Experience forecasting IT expenditures and coordinating within a global and/or publicly traded company’s IT infrastructure.
  • Advanced Microsoft Excel skills, including formulas, sorting, filtering, pivot tables, VLOOKUP, SUMPRODUCT, and what-if analysis.
  • Strong PowerPoint skills.
  • Foundational AI literacy and the ability to use approved AI-enabled tools responsibly.
  • Ability to independently verify AI-generated financial data and conclusions.
  • Strong analytical ability.
  • Strong verbal and written communication skills.
  • Strong problem-solving, interpersonal, and project management skills.
  • Attention to detail, accuracy, and urgency.
  • Ability to learn new concepts quickly and navigate new systems and databases.
  • Insurance or technology industry experience is helpful but not required.
  • Experience with Agile IT frameworks is preferred.
  • Experience with global outsourcing functions is preferred.
  • Experience with Great Plains, TM1, Anaplan, Cognos, or other budgeting or business intelligence tools is preferred but not required.

Benefits

  • Several medical plan options, plus dental, vision, and prescription drug coverage.
  • Competitive 401(k) with generous employer matching.
  • At least 20 days of paid time off per year.
  • Up to 12 paid company holidays each year.
  • Two paid days of volunteer time off.
  • Basic life and accidental death and dismemberment insurance.
  • Short-term and long-term disability coverage.
  • Up to 10 weeks of paid parental leave.
  • Student loan assistance.
  • Tuition reimbursement.
  • Backup child and elder care.

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