HR308: Corporate Accountant, Re/Insurance | Bermuda

CORPORATE ACCOUNTANT – RE/INSURANCE – BERMUDA – 10% TAX – HR308

About this opportunity

Our client is a leading international specialty reinsurance company. We are currently hiring for the role of a Corporate Accountant. The successful applicant will have a dual reporting mandate to both the Group Financial Reporting and Reinsurance Accounting and Reporting functions.

Key duties and responsibilities:

• Performing the reviews of subsidiary reporting and financial commentary submissions and tracking deliverables in line with the group's reporting requirements and timelines
• Assisting in the preparation and presentation of quarterly financial analytics to senior management including identifying financial trends and issues that require further action by senior management
• Preparing and posting of journal entries relating to the quarterly financial close process, updating the retroactive reinsurance accounting models, reconciling the general ledger to sub-ledgers and ensuring the accuracy of accounting records
• Assisting with the quarterly financial close and reporting process for technical balances, including updating relevant US GAAP financial statement footnote disclosures
• Working closely with subsidiary reporting teams to identify and implement process efficiencies and internal control improvements to continuously streamline the group reporting processes
• Working closely with the external auditors to ensure an efficient and effective audit of the year-end group consolidated financial statements
• Ensuring the footnote disclosures included within the group consolidated financial statements and statutory financial statements are prepared in accordance with applicable US GAAP and Bermuda statutory reporting requirements, respectively
• Assisting with the research, planning and implementation of relevant new accounting pronouncements including supporting the review of the resultant implementation memos by all key stakeholders including senior management and external auditors
• Assisting with the onboarding of newly acquired businesses including new retroactive reinsurance transactions as appropriate
• Preparing various accounting memos such as those covering the impairment assessment of goodwill and intangible assets, the going concern assessment and related party transactions
• Assisting with the quarterly Current Expected Credit Losses (CECL) process on the group's reinsurance recoverable balances including assessing the adequacy of the allowance for expected credit losses recorded on the group's consolidated financial statements
• Preparing and continuously updating process narratives and flow charts relating to the Group Financial Reporting and Reinsurance Accounting and Reporting processes
• Participating in and/or supporting ad hoc projects and assignments as required by management

What you’ll need

• A Bachelor's degree in Accounting or a related field, and a professional accounting designation (CA, CPA, ACCA or equivalent) with at 3+ years' post-qualification experience
• 2+ years' (re)insurance accounting experience gained either with a Big Four accounting firm or in the re/insurance industry
• Experience and proficiency in US GAAP guidance relating to (re)insurance accounting including a working knowledge of the CECL guidance on reinsurance recoverable balances
• Experience with retroactive reinsurance accounting is advantageous
• Experience and proficiency in Bermuda Statutory reporting and applicable regulations
• Experience with Lloyd's of London processes and reporting requirements is advantageous
• High proficiency in Microsoft Office suite of applications including advanced Excel and data analytics skills
• Excellent communication, organizational and project management skills
• Capable of delivering high quality work both independently and as part of a team, with a demonstrated ability to meet tight reporting deadlines
• Experience with Microsoft Dynamics GP and Workiva's W-Desk is an added asset
• Willingness and flexibility to work extended hours as required

How to apply

• To apply, attach your résumé or include a link to your LinkedIn profile
• If you don't provide one of the above, we can't progress your application

For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.

Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we’ll help make it happen.