Premia Reinsurance Ltd. is hiring a
Reinsurance Accounting & Reporting Manager
Deadline: 1 week
Job Type: Permanent
Premia Reinsurance Ltd. ("Premia") is a Bermuda-based Class 4 specialty reinsurer focused on providing non-life run-off solutions through retroactive reinsurance transactions and the acquisition of companies in run-off worldwide. Premia currently has operations in Bermuda, US, UK and Europe. We are currently inviting applications for the role of Reinsurance Accounting & Reporting Manager.
Key Responsibilities include, but are not limited to:
Managing the quarterly financial close process covering all the reinsurance transactions including overseeing the set-up of new retroactive reinsurance accounting models as well as updates to the existing models.
Overseeing the quarterly financial close and reporting process for all reinsurance transactions, including the updates to relevant US GAAP financial statement footnote disclosures.
Ensuring all the technical balances arising from reinsurance transactions and the related 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.
Reading and interpreting reinsurance contracts and determining the accounting treatment for all reinsurance transactions entered into by the group.
Preparing accounting memos for new reinsurance transactions including supporting the accounting for new business acquisitions with respect to the acquired reinsurance balances.
Managing 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.
Leading the research, planning and implementation of relevant new accounting pronouncements relating to the group's reinsurance transactions including supporting the review of the resultant implementation memos by all key stakeholders including senior management and external auditors.
Helping manage the onboarding of newly acquired businesses with specific focus on the technical balances arising from such business acquisitions as well as new retroactive reinsurance transactions entered into by the group.
Overseeing the reviews of subsidiary reporting and financial statement commentary submissions relating to reinsurance transactions and tracking deliverables in line with the group's reporting requirements and timelines.
Managing the preparation and presentation of quarterly financial analytics relating to the group's reinsurance transactions to senior management, including identifying financial trends and issues that require further action by senior management.
Overseeing the preparation and posting of all joumal entries relating to reinsurance transactions as well as the reconciliations of the general ledger to the sub-ledgers for all reinsurance transactions and ensuring the accuracy of accounting records covering the group's reinsurance balances.
Working closely with subsidiary financial reporting teams to identify and implement process efficiencies and internal control improvements relating to the group's reinsurance transactions 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 with specific focus on the group's reinsurance transactions.
Managing and continuously updating process narratives and flow charts relating to reinsurance accounting and reporting processes.
Assisting on various finance and operations related projects as needed.
Managing, coaching and motivating junior team members.
What You Will Have:
A Bachelor's degree in Accounting or a related field, and a professional accounting designation (CA, CPA, ACCA) with at least three years of post-qualification experience.
Minimum of five years of relevant (re)insurance experience either with a "Big 4" accounting firm or in the industry.
Experience and proficiency in U.S. GAAP guidance relating to (re)insurance transactions including the CECL guidance on reinsurance recoverable balances.
Experience with retroactive reinsurance accounting is essential.
Experience and proficiency in Bermuda Statutory reporting and applicable regulations.
Experience with Lloyd's of London processes and financial reporting requirements.
Experience with Microsoft Dynamics Great Plains, OneStream and Workiva's W-Desk.
Highly proficient 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 multi-task and meet tight reporting deadlines.
Experience with assessing internal finance controls and implementing compensating controls.
Salary
Not specifiedBenefits
Not specifiedHow to Apply
To apply please send your résumé to jobs@expertisegroup.com. All applications are handled in a confidential manner and in accordance with Expertise's Privacy Policy, available on our website.Premia Reinsurance Ltd.
8 Par-la-Ville Road, Mintflower Place, 2nd Floor, Hamilton, HM08
jobs@expertisegroup.com
441-296-0336
Website
Oct 22, 2025
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