Head Of Compliance And Internal Audit

Deadline: 10 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, immediate annuities, structured settlements and pension risk transfer. The Head of Compliance and Internal Audit, working in conjunction with senior management, will coordinate and perform the internal audit and compliance activities of the Company. The compliance activities include regulatory and tax filings in multiple jurisdictions (including Bermuda, United States, Ireland and Switzerland), monitoring of contractual covenants and shareholder communications. The internal audit responsibilities include oversight of an external co-sourcing service provider.

Requirements

Professional accounting designation, (CA or CPA). A minimum of ten years’ post qualification experience. Experience in life insurance or life reinsurance. Preference to those with legal background and/or working towards a legal/compliance designation. Certified Internal Auditor designation, (CISA/CIA or equivalent). Prior experience in managing internal and/or external audits. Understanding of IIA standards of professional practice. Experience with the design, implementation, and maintenance of internal controls. Experience with overseeing work from service providers. Understanding of the Bermuda regulatory and compliance requirements. Understanding of other key compliance requirements (e.g. AML, FATCA, etc.). Strong analytical skills. Strong project management and organizational skills. Ability to work in a fast-paced environment. Excellent communication skills. Capacity to work independently.

Salary

Not specified

Benefits

Not specified

How to Apply

Candidates should apply via email with a detailed curriculum vitae and references to: hr@somersetre.com

Contact InfoSomerset Services Ltd.

Human Resources Department

3 Bermudiana Road, Hamilton, HM08

hr@somersetre.com

441-278-0770

Application Deadline

May 2, 2026

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