Job Description

REINSURANCE ACCOUNTANT \xe2\x80\x93 NON-LIFE \xe2\x80\x93 BERMUDA \xe2\x80\x93 9% TAX \xe2\x80\x93 HR306

About this opportunity

Our client is recruiting a Senior Reinsurance Accountant, to join the Bermuda Finance team responsible for the reinsurance accounting for its subsidiary. The role is based in Bermuda and reports to the Financial Controller.

Responsibilities:

• Perform all aspects of reinsurance accounting, including administration of claim settlements, loss reporting and reserving with actuaries, brokers, and claim handlers
• Supervision and review of work performed by third-party service providers
• Assist with the preparation of US GAAP financial statements and statutory returns for the Bermuda entities
• Assist with the integration of Loss Portfolio Transfers and acquired books of business
• Assist with accounting and reporting of assumed and ceded treaties, including commutations for quarterly reporting
• Provide claims and reserve data to the actuarial team for the quarter-end close process
• Independent analysis and solving of complex reinsurance accounting issues
• Assist with establishing required Letters of Credit and Trust Accounts
• Preparation of technical accounting memos to support the reinsurance accounting under U.S. GAAP
• Provide portfolio management support to senior management, including preparation of detailed performance analyses of portfolios
• Manage the inter-group QS process for business assumed by the company, including liaising with affiliated entities to reconcile and settle outstanding balances and preparing loss report submissions to ceded entities
• Ensure timely and appropriate acknowledgement of claims reported by brokers and third-party claims handlers
• Submit claims notices and supporting documentation to the appropriate manager for approval in line with the Company claims approval process and authority limits
• Coordinate the quarterly loss reporting process with claims managers, actuaries, brokers, and claims handlers
• Evaluate reinsurance claims notices to ensure that the submissions are in line with the terms and conditions of the contracts
• Research of accounting literature to resolve GAAP queries and keeping abreast of developments and trends within the industry
• Performing any related duties that may arise

What you\'ll need

• CA, CPA, ACA or equivalent internationally recognized accounting qualification
• 4+ years\' post-qualifying work experience which should be in the Re/Insurance industry or with an accounting firm with significant Re/Insurance experience
• Strong technical and practical knowledge of US GAAP, especially in relation to reinsurance accounting
• Solid understanding of accounting for reinsurance transactions including loss portfolio transfers
• Advanced Excel spreadsheet skills
• Excellent written and verbal communication skills as well as strong interpersonal skills
• Strong organizational and analytical skills
• An eye for detail and ability to prioritize and manage a range of tasks
• Willingness to work evenings and weekends, as needed

How to apply

• To apply, attach your r\xc3\xa9sum\xc3\xa9 or include a link to your LinkedIn profile
• If you don\'t provide one of the above, we can\'t progress your application

In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.

Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, together we\'ll help make it happen.

Hamilton Recruitment