Advantage Insurance

Financial Reporting Manager

Posted: 15 hours ago

Job Description

Job Overview:The primary focus of the role will be to maintain the books and records of the Bermuda based entities and to report to management and Bermuda authorities the financial performance of the company. This integral role will require working closely with the finance team in Puerto Rico and Cayman Islands to ensure all regulatory and statutory deadlines and related activities are adhered too.  The key to success for this role will be the management and delivery of quality services in the allotted timelines, and to enhance process improvements that deliver productivity. Additionally, this role requires strong stakeholder management, good communication skills, along with excellent problem-solving skills. Apply through the Bermuda Job Board**Job Responsibilities:Responsible and accountable for the daily financial operations including accurate and timely monthly, quarterly and annual financial analysis and reportingPreparation for and compliance with periodic internal audits of accounting processes and controls and annual external financial statement audits and shareholder financial statementsManages liquidity and operating cash flows of Bermuda entities (including bank related transactions accounts receivables and accounts payable).Oversee BSCR preparation and capital levels on a quarterly basis. Oversee all statutory, BMA and GAAP accounting, reporting and regulatory financial compliance for all Bermuda related entities in coordination with the finance team. Prepare various internal and external management reports and support the quarterly analysis of financial results, including reporting to the Board of Directors.Complete working papers/schedules to ensure Bermuda industry and government surveys are successfully completed and filed on time.Participate in all sub-committee meetings when requested and / and or required.Supporting the actuarial team and providing key information when required.Work closely with the Client Services Team to manage separate account assets and liabilities.Qualifications:An internationally recognized professional accounting qualification (e.g. CA, CPA, ACCA or equivalent), with a minimum of 4 years post-qualification experience in the insurance industry is required.BMA BSCR and/or Group reporting experience is essential for this position.Knowledge of U.S. GAAP as it applies to the insurance industry is a pre-requisite.In-depth knowledge of Insurance business and technical accounting is required, working knowledge of more complex life insurance customized products is preferred.In depth knowledge of all aspects of accounting, especially the unique BMA requirements.Competencies, Skills and Abilities:Ability to collaborate in an interdisciplinary dynamic team environment, partner with and build relationships internally and externally. Excellent interpersonal and communication skills, both written and verbal, with prior experience in formal business report writing. Capable of working under pressure, proven ability to organize and prioritize multiple assignments, taking independent decisions and solving problems timely. Ability to be flexible during peak reporting periods.

Job Application Tips

  • Tailor your resume to highlight relevant experience for this position
  • Write a compelling cover letter that addresses the specific requirements
  • Research the company culture and values before applying
  • Prepare examples of your work that demonstrate your skills
  • Follow up on your application after a reasonable time period

You May Also Be Interested In