Financial Accountant

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℠.

JOB SUMMARY

Arch LMI Pty Ltd (“Arch LMI”) is part of group that is an APRA-licensed provider of Lenders Mortgage Insurance (“LMI”).  Arch LMI is an Australian-domiciled subsidiary of Arch Financial Holdings Pty Ltd and its ultimate parent is Arch Capital Group Ltd (“ACGL”), a S&P 500 NASDAQ-listed global provider of insurance and reinsurance across a variety of product classes.

The Financial Accountant will be part of a young but successful team and company. The role will support the Finance function in various activities such as financial reporting processes, BAU, financial planning and budgeting processes, including:

• Daily, weekly and monthly, quarterly and annual financial processes;
• Assisting with the account payable and receivable functions;
• Liaison with suppliers and other key stakeholders on finance matters;
• General ledger and reconciliation support (including bank reconciliations);
• Preparation of statutory and regulatory reports;
• Participating in delivering on short and long term strategies for achieving company growth, profitability and risk quality objectives; and
• Ad-hoc finance related task.

The Financial Accountant will report directly to the Head of Finance of Arch LMI.

Essential RESPONSIBILITIES and ACCOUNTABILITIES

• Daily, weekly, monthly and annual finance processes (including statutory, regulatory and management reporting).
• Entering invoices and preparing reconciliations as part of the accounts payable and receivable function.
• Monitoring and processing financial transactions with Arch LMI’s lending customers and suppliers.
• Assisting with reconciling bank statements and ensuring discrepancies are resolved. Assisting in the reconciliation of general ledger accounts and proper recording of transactions.
• Participating in the development and implementation of policies and procedures.
• Maintaining and operating an effective internal control environment which complies with current best practice and ensures that Arch LMI meets all relevant compliance obligations including those arising from SOX.  
• Work with other Arch Capital Group companies to ensure compliance with inter-company arrangements, and to provide other ad-hoc assistance as required.
• Assist in responding to information requests from internal and external auditors as required.
• Finance ad-hoc tasks as required.

JOB SPECIFICATIONS

Knowledge and Skills:

• Prior experience and proficiency in Finance function including accounts payable, accounts receivable and journal entry process.
• Proficiency in Australian GAAP, ideally within a general insurance environment.
• Demonstrated ability to deliver results under tight deadlines and competing objectives.
• Strong analytical skills.
• Strong communication skills in written and verbal formats; ability to address broad range of audiences including senior management, external stakeholders and technical experts.
• Focus on client and customer service.
• A willingness/ ability to function as member of a multi-disciplined, international team.
• Professional maturity and confidence.
• Bias towards action and self-direction.
• Microsoft Excel and Microsoft Word skills will be valuable.

Education and Experience:

• Required knowledge and skills would typically be acquired through a finance degree (or equivalent) and -2-3 years of relevant experience.
• Completion or substantial completion of a professional accounting qualification (CA, CPA, ACA) is desirable.

• Sydney based.
• Standard office environment - The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations will be made to enable qualified individuals with disabilities to perform the essential functions of the job.
• Attendance / Punctuality - Is consistently at work and on time. Willing to periodically work hours to accommodate other time zones. Ensures work responsibilities are covered when absent.
• Hybrid work schedule. In-office days to be confirmed.

Disclaimer

Incumbent may be asked to perform other duties as required.

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