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…