HR754: Assistant Financial Controller, Accounts Payable | Bermuda

ASSISTANT FINANCIAL CONTROLLER, ACCOUNTS PAYABLE –
FINANCE & CURRENCY OPERATIONS DEPARTMENT– BERMUDA – ONLY 10% TAX – HR754

About this opportunity

Our client is seeking the services of a skilled and capable individual to work as an Assistant Financial Controller – Accounts Payable in their Finance & Currency Operations Department. Reporting to the Financial Controller, the postholder will be responsible for directing and managing the department’s accounts payable function and ensuring timely and accurate processing. The postholder will also develop relevant policies, procedures and financial reports to provide effective controls for our client in relation to monthly statements and the budgetary control process, directing, coordinating and controlling the service delivery of the accounts payable function.

This is a key role for the regulator, and the post-holder will be responsible for:

• Managing daily operations of the Accounts Payable function including accounting for vendor management
• Supervising all outgoing wire transfers and associated reconciliations
• Reviewing our client’s local bank account balances daily and presenting recommendations to transfer funds to/from local accounts to meet requirements
• Reconciling monthly HSBC bank accounts, ensuring accurate matching of bank statements with general ledger accounts
• Creating and maintaining a roster of authorised signatories for payments our client’s bank account; coordinating deletion or addition of signatories as required
• Reviewing, updating, and implementing all risk controls of Accounts Payable (financial, management, or procedural) in collaboration with senior management
• Managing monthly accruals and preparing monthly reconciliations in accordance with agreed deadlines
• Preparing Property, D&O, Crime, and Cyber insurance policy renewal documentations
• Preparing annual IFRS Financial Statements and related disclosures accurately and in accordance with agreed deadlines
• Preparing/reviewing Accounts Payable section transactions monthly, investigating variances, and reconciling daily transactions from the Federal Reserve
• Preparing monthly management accounts and supporting notes for review by the Financial Controller; preparing management accounts highlights in PowerPoint for the ARMC
• Reviewing assigned Department’s monthly accounts, budgets, and forecasts in compliance with established deadlines
• Supervising the Accounts Payable team and serving as the primary contact for query resolution and Workplace issues
• Serving as alternate for fixed assets accounting and reconciliation, ensuring accurate maintenance of the fixed assets register and compliance with accounting standards
• Acting as the key contact for internal and external auditors for accounts payable, capital expenditures, and all expense categories
• Preparing accounts payable and cash flow information for the Audit Committee and ensuring timely follow-up to audit points
• Assisting with the preparation and supervision of the annual budget and forecasts for Finance department expenses
• Serving as the primary point of contact for all accounts payable related automation, system enhancements, and process improvement initiatives
• Performing other related work and special projects as assigned by management

What you’ll need

• A bachelor’s degree in accounting, finance, business administration, or a relevant discipline from a recognized institution with an accounting designation from a professional body to be eligible for membership with CPA Bermuda
• A minimum of seven (7) years’ experience in the financial services industry and/or working experience with a financial regulatory body, of which at least three (3) years should be at a senior level
• Strong leadership, mentoring, and supervisory skills
• Confidence in conducting and speaking at meetings with senior management
• Exceptional analytical, written, oral, and communication skills, and strong attention to detail and accuracy

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.