Senior Financial Accountant

Deadline: 9 days

Permanent

Full-time

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Somerset Services Ltd. is a member of the Somerset group which has entities that are established providers of reinsurance solutions in Bermuda and the USA, specializing in asset-intensive life and annuity business including whole life, interest-sensitive life, paid-up life and universal life, fixed deferred and equity-indexed deferred annuities, structured settlements and pension risk transfer. We are committed to excellence, integrity, and innovation in all aspects of our operations. The Senior Financial Accountant will be a hands-on member of the Finance team with direct responsibility for investment accounting, corporate accounting activities, US & Bermuda STAT reporting for Somerset Group, multi-jurisdictional tax compliance (USA, Ireland, Bermuda). Key responsibilities include, but are not limited to: Investment Accounting Perform day-to-day investment accounting activities, including reconciliations and journal entries. Coordinate with outsourced investment accounting providers, custodians, and asset managers. Prepare investment-related internal and Board reporting. Support onboarding of new investment managers and custodians, and reinsurance transactions. Corporate Accounting & Accounts Payable Perform general corporate accounting activities, including month-end close, reconciliations, and journal entries. Hands-on responsibility for Accounts Payable function, including invoice processing, payment execution, and maintaining audit evidence. Financial (Life Reinsurance) Reporting Support US STAT financial statements preparation and filing, including detailed workpapers. Prepare/support Bermuda statutory reporting. Prepare/support IFRS reporting. Support auditors (external, and internal) during audits and filings. Tax Compliance & Oversight Prepare/support tax computations for United States (federal and state), Ireland, and Bermuda. Oversee tax compliance by actively managing external tax advisors, including review of tax returns, computations, provisions, and disclosures. Controls & Process Support Support internal controls, documentation, and audit processes. Contribute to continuous improvement of finance processes in a regulated environment.

Requirements

Minimum Qualifications: Professional accounting designation (ACCA, CA, CPA, or equivalent). Minimum of 3 years' post-qualification financial reporting/accounting or Big 4 experience. Experience with investment accounting, particularly fixed income instruments, equity type, and derivatives. Hands-on experience with Clearwater Analytics is an asset. Working knowledge of International Financial Reporting Standards (IFRS). Hands-on experience with US corporate tax computations for a life reinsurer, with the ability to manage external tax advisors. High attention to detail, strong ownership mindset, and ability to operate independently. Hands on experience with BMA reporting and regulations for a life reinsurer, preferred.

Salary

Not specified

Benefits

Not specified

How to Apply

Candidates should apply via email with a detailed curriculum vitae and references.

Contact InfoSomerset Reinsurance

Human Resources Department

3 Bermudiana Road Hamilton, HM 08

HR@SomersetRe.com

441-278-0770

Application Deadline

Mar 15, 2026

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