Our client, Peak Reinsurance North America Ltd., is seeking a highly motivated and experienced Financial Controller to join their dynamic team in Bermuda. As a key member of the finance function, the successful candidate will play a critical role in delivering accurate and timely financial reporting, managing regulatory compliance, and supporting a broad range of finance-related activities in a fast-paced, agile environment.
This role requires a fully qualified finance professional with deep knowledge of the (re)insurance industry, and a strong grasp of regulatory requirements in Bermuda, International Financial Reporting Standards and US GAAP.
Duties & Responsibilities:
• Adhere to highest standards in financial reporting and comprehensively maintain proper accounting records in a timely manner.
• Identify and understand key drivers for financial results through impact analysis of business written and year-end forecasting, in addition to managing the accounting closing process.
• Manage accounting and reporting of the monthly/quarterly closing, regulatory reporting. Assist with the preparation of internal management reporting inclusive of committee presentations.
• Assist in maintaining high data quality, understand the end-to-end process and data flow of the Company to ensure high accuracy of deliverables within Company standards.
• Maintain effective control on timely basis over all financial operations.
• Work to the agreed working procedures and processes and continually seek areas of efficiencies and effectiveness.
• Support planning and projection processes by providing Financial estimates and scenarios based on business planned and in compliance with the local and global regulatory requirements.
• Maintain timely and transparent communication with clients, stakeholders and shareholders.
• Continually advance technical knowledge to develop Company processes, procedures and accounting systems to adopt of new accounting standards.
• Monitor and assess changes in accounting rules and regulations including trends and make recommendations for changes to policies and procedures.
• Maintain comprehensive and accurate recording of transactions (including business, and investment transactions), considering valuation, foreign exchange, and amortisation.
• Support with the management of internal and external auditors with quarterly reviews and annual audits.
• Assist in the preparation of ad-hoc projects, inclusive of the accurate compilation of internal and external reports, performing due diligence and providing financial implications on M&A activity and new transactions.
• Ensure effective delegation and contingency planning in place during absences and proactively engage with HR to hire, develop and retain staff.
Minimum Qualifications, Skills & Experience:
• Internationally recognized accounting designation (e.g., CPA, CA, ACA, ACCA).
• 8 years post-qualification experience within the (re)insurance industry.
• Demonstrated understanding of Bermuda regulatory environment, including BMA requirements and BSCR framework.
• In-depth knowledge of International Financial Reporting Standard and/or US GAAP.
• Demonstrated ability to work as part of a team, as well as take leadership and build consensus.
• Advanced Excel skills and familiarity with SAP for financial systems.
• Demonstrated project management experience in addition to the ability to work independently and manage multiple priorities in a fast-paced environment.
• Demonstrated critical thinking, organizational and time management skills.Not specified
Not specified
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