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About the Role

The Head of Finance is a key member of Arch LMI’s Finance Team, responsible for all aspects of financial control and reporting. This role oversees financial, statutory, and regulatory reporting, prepares management financial reports for senior management and the Board/Committees, and promotes professional growth within the finance team. The Head of Finance is accountable for the Finance function’s compliance with APRA prudential requirements and other regulatory bodies.

Responsibilities

• Develops and implements financial strategies in collaboration with the CFCO, ensuring financial goals align with Arch LMI’s overall strategy.
• Accountable for the end-to-end financial reporting process, including preparation of financial reporting materials to senior management and the Board/Committees efficiently, timely, and accurately.
• Leads and manages the timely preparation and filing of quarterly and annual statutory financial statements with ASIC and statutory lodgements with all required states and territories.
• Leads and manages compliance with relevant APRA prudential standards.
• Partners with the CFCO in developing and maintaining annual capital and financial budgets as well as quarterly reforecasts.
• Manages effective coordination and communication with external auditors, internal auditors, and management, ensuring audit results are appropriately reported and communicated.
• Leads and manages the development and maintenance of internal accounting policies and procedures to ensure compliance with current and emerging reporting and regulatory requirements.
• Leads and manages the team to accomplish objectives through effective recruitment & selection, training & development, performance management, and rewards & recognition.
• Accountable for ensuring timely, accurate, and compliant payroll obligations in conjunction with third-party service providers and HR.
• Oversees the preparation of taxation calculations in conjunction with Group Tax and manages third-party tax advisors to ensure compliance with relevant ATO requirements and obligations.

Requirements

• CAANZ/CPA credential and public accounting experience.
• Advanced knowledge (10-15 years) in the areas of GAAP/Statutory accounting.
• Experience and knowledge of taxation accounting and regulations.
• Experience in a leadership role dealing with multiple stakeholders (including board directors, regulators, investors, group finance functions and auditors).
• Normal office environment.
• Incumbent may be asked to perform other duties as required.

Skills

• Knowledge of generally accepted accounting practices (GAAP) and statutory accounting principles and practices under US GAAP, IFRS17, Sarbane-Oxley and Australian Accounting Standards, and insurance industry requirements.
• In-depth understanding of financial reporting and internal control processes.
• Good analytical, problem solving, and decision-making skills.
• High degree of accuracy and attention to detail.
• Strong people management skills to lead teams to accomplish results.
• Excellent interpersonal skills and track record of effective interactions with individuals at all levels of the organization.
• Process and results oriented.
• Proficient with general ledger applications, statutory reporting software(s), Microsoft Office applications.

Location

• Australia

Work Type

• Full-time

Experience Level

• 10-15 years

Education Level

• CAANZ/CPA credential

About the Company

• Arch Financial Holdings Australia Pty Ltd and its subsidiaries (“Arch LMI”) are an APRA licensed provider of Lenders Mortgage Insurance (“LMI”).
• ALMI is a subsidiary of Arch Capital Group Ltd (“ACGL”); which is a S&P 500 global provider of insurance and reinsurance across a variety of product lines.
• 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℠.