Hr309: Vice President, Life Re/insurance | Bermuda

Hamilton, ON, Canada

Job Description


VICE PRESIDENT\xe2\x80\x93 LIFE RE/INSURANCE \xe2\x80\x93 BERMUDA \xe2\x80\x93 ONLY 10% TAX \xe2\x80\x93 HR309About this opportunityOur client is a leader in the insurance and annuity industry, serving the needs of individuals and institutions.The Vice President of Bermuda Finance will drive legal entity accounting and controls in addition to management and financial reporting for multiple large Bermuda reinsurance subsidiaries. Reporting to the Head of Finance and working closely with the Bermuda CFO, the successful candidate will design and lead automation and control initiatives, direct entity management and financial reporting, and identify and evaluate opportunities to support and enhance the company\'s growth strategies and capital management for the Bermuda entities. The Vice President will provide timely and accurate financial reporting & analysis to executive management, the entity Board of Directors and Investors.This position supports the company\'s Institutional Business, which is a major growth engine for the corporation that develops reinsurance and acquisition opportunities both with US and international clients. In addition to possessing the specific qualifications cited below, all candidates must work well within a complex, fast-paced, fluid environment, and possess a proven ability to design and lead operational and accounting change. This role will have significant contact and visibility with senior executives of the Institutional business and the Bermuda reinsurance and corporate entities.Key responsibilities:

  • Planning and coordination across source functions for the accounting close, remaining engaged in and providing analysis and control reviews of financial results as they emerge to ensure the accuracy of the legal entity results developed
  • Synthesize and summarize detailed financial data to create meaningful, high-level, result-oriented analysis used for executive management reviews as well as board & investor reporting
  • Develop quarterly dividend recommendation for Co-Investment Vehicles
  • Expand availability of monthly information and identify and champion initiatives to accelerate the close process
  • Ensure compliance with accounting policies and manage the annual audit
  • Develop and maintain process improvement capabilities and controls
  • Collaborate with SEC/GAAP/STAT/Bermuda reporting teams to prepare quarterly and annual audited financial statements, consistent with industry-leading practices
  • Monitor new and emerging accounting policy developments and assess impact on reinsurance activities, Institutional business, and our Reinsurer entities\' financial statements; Collaborate with Finance, Actuarial, Investments, Risk, and other stakeholders to assess, plan for, and implement new activities
  • Develop effective communication and partnerships with Institutional, Actuarial, Risk and Finance to achieve business goals
What you\'ll need
  • Certified Public Accountant or similar Chartered Accountant designation
  • Prior Big Four experience preferred
  • 14+ years of experience in GAAP/SEC/ US Statutory reporting roles at Life insurance companies, experience with reinsurance preferred
  • Prior experience overseeing GAAP, SEC, or Statutory accounting and reporting functions required, with demonstrated expertise including LDTI
  • Demonstrated knowledge of insurance capital framework (EBS or RBC) required
  • Ability to work collaboratively and cross-functionally, and lead the assessment and implementation of new accounting policies
  • Proven leadership skills, and demonstrated success at building and managing technical teams
  • Strong communication skills, written and oral
  • Applies strategic thinking approach to work product
  • Demonstrated commercial acumen. Experience supporting sales, M&A, or other complex transactions a plus
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
For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. 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, we\'ll help make it happen.

Hamilton Recruitment

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Job Detail

  • Job Id
    JD2327014
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Hamilton, ON, Canada
  • Education
    Not mentioned