Insurance Jobs

Account Executive

A leading international Insurance Manager is seeking a suitable candidate for an Account Executive position in Bermuda. The successful applicant will be responsible for the management of client insurance programs around the world.

Preferred candidates will meet as much as possible of the following requirements:
• University degree and a recognized professional accounting qualification (ACA, CA, CPA or similar)
• A minimum of two years of professional post qualification experience
• Strong knowledge of IFRS/GAAP
• Prior experience with insurance/investment accounting standards preferred
• Knowledge of ILS structures would be an asset
• Candidates with prior experience/knowledge of the Bermuda/international insurance market would have an advantage
• Strong written and verbal English communication skills.

This is a FT/staff-based role in Bermuda. Compensation offered is competitive and commensurate with the responsibilities of this position. Salaries in Bermuda are paid in USD equivalent with maximum payroll tax deduction of 5.25%.

Please send application to frank@bermuda4u.com


Reinsurance Accountant

This will be an excellent opportunity for a qualified Accountant with reinsurance industry experience to join our client’s office in Bermuda.

The successful candidate will join a team of professionals responsible for providing accounting services related to reinsurance transactions. We are seeking as much as possible of the following in a preferred applicant:

- Completed CA, ACCA or CPA designation
- 2+ years of PQE in a similar role within the reinsurance industry
- Advanced Genius experience, including interface level experience, contract entry and monthly close processes
- Technical knowledge of reinsurance treaties and terminology
- Working knowledge of US GAAP

Primary duties may include:
- Account for reinsurance capital market products
- Quality review of premium & claims bookings before releasing to accounting system
- Processing pro rata reinsurance bordereau
- Assist cash processing team with allocations and amendments
- Assist with monitoring and controlling reinsurance balances due to the company
- Perform monthly closing procedures for the reinsurance accounting system, including reconciliations and analyses
- Develop reinsurance system reports required for monitoring underwriting results
- Reconcile collateral position on a monthly basis
- Assist with the preparation of group reporting consolidation package and GAAP financial statements as it relates to reinsurance balances
- Assist with the year-end financial statements audit process as it relates to reinsurance balances

Please send application to frank@bermuda4u.com


Account Executive

Our client is seeking to source account executives for its expanding captive management operations in Bermuda. The successful candidate will be assigned several captive insurance companies across a variety of industries. The successful candidate will be expected to perform the accounting duties for these companies including (but not restricted to):-

• Preparing management financial statements to deadline (monthly/quarterly).
• Prepare annual GAAP audited financial statements.
• Liaise with auditors and regulatory authorities as appropriate.
• Perform and account for the accounting transactions required for each company.
• Communicate effectively with client staff.
• Prepare additional financial reports and engage in project work as requested by clients/senior management.

Requirements:

• An internationally recognized accounting qualification (ACA, ACCA, CPA or equivalent).
• Prior experience of insurance/reinsurance and/or risk management is preferred.
• Sound accounting technical knowledge and familiarity with the requirements of UK/US/Canadian GAAP and IFRS.
• Effective communication skills both written and verbal.
• Proficiency with IT applications and specifically Microsoft Office.

Send application to: jobs@bermuda4u.com


Account Executive

Job Description:

The candidate will be required to manage, on a day-to-day basis, a portfolio of captive insurance companies. Key duties include:-

• Preparation of management financial statements on a monthly/quarterly/annual basis.
• Preparation of GAAP audited financial statements as required.
• Liaison with regulatory authorities and auditors as required.
• Possible attendance at board meetings of the parent companies of the captive insurance companies.
• An ability to work effectively in a team structure.

Requirements:

• A professional accounting designation (ie ACA, ACCA, CPA or equivalent).
• Prior experience of insurance, risk management or captive insurance would be an advantage.
• A high level of self-motivation.
• A familiarity with US, UK and IFRS GAAP would also be an advantage.
• Proven IT skills and experience of Microsoft Applications.

Send Application to: jobs@bermuda4u.com


Assistant Vice President

Job Description:

The company is a leading provider of offshore captive management services. The successful applicant will be expected to oversee the day-to-day activities of a large portfolio of captive insurance companies through the effective management of a team of qualified accountants and clerical staff. The successful applicant will be expected to be the main point of contact for the regulatory authorities and auditors of each company. An understanding of the insurance and investment markets and the ability to advise the respective boards on these matters will be integral to this role.

Requirements:

• A professional accounting designation (ie ACA, ACCA, CPA or equivalent).
• A minimum of 4 years experience in insurance/captive management.
• Knowledge of UK and US GAAP, and IFRS is essential.
• Experience of making presentations at Board level.
• Knowledge of insurance and investment accounting.
• Excellent communication skills, both verbal and written.
• Experience of supervising staff, both unqualified and qualified.

Send application to: jobs@bermuda4u.com


Property Underwriter

An exceptional job opening has arisen in the Bermuda underwriting market. Our client, a leading insurance and reinsurance underwriter, is seeking an experienced property underwriter.

Job Description:

Duties include:

• Underwriting property risks for new and existing business
• Liaising with the Claims Department in the event of a claim
• Developing broker relationships
• Management and training of a team

Requirements:

• Degree level education, progress towards a professional qualifications desirable
• A proven track record of property underwriting is essential
• Strong broker relationship skills
• Good communication, marketing, and writing skills
• Computer literate, with good knowledge of MS Office

Send application to: jobs@bermuda4u.com


Head of Finance

Our client, a fast growing Bermuda-based reinsurance company require a Head of Finance. The successful candidate will play an important, pivotal role in the business and, in addition to managing the day to day operations of the finance function, will work with the board to drive the business forward.

Job Description:

Duties include:

• Preparation of management and statutory accounts
• Monitoring, measuring, and forecasting business performance
• Overseeing a small finance team
• Preparation of statutory returns
• Liaison with 3rd parties (auditors, regulators etc.)
• Implementing systems and internal controls to minimise exposure to risk

Requirements:

• Internationally recognised accounting qualification (CA, ACCA, CGA etc.) plus a minimum of 8 years’ post qualification experience in a financial environment, preferably insurance or reinsurance
• Excellent knowledge of US GAAP
• Highly IT literate
• A proven track record in initiating and leading projects
• Strong people management skills
• Personable, approachable, and able to communicate effective with all levels of staff

Send application to: jobs@bermuda4u.com


Account Manager – Fluent in English and Spanish

Our client, a globally renowned leader in risk management and captive insurance, is urgently seeking an Account Manager, a key requirement for this role is the ability to speak both English and Spanish. The role will require liaison with key employees from many large corporations around the globe.

The successful candidate will:

• Manage the financial reporting of a portfolio of captive insurance companies.
• Produce accurate management accounts and any other financial data as required on a timely basis.
• Be a team player and oversee the work of junior staff members including other qualified finance individuals.
• Carry out other special project work as requested by senior management.

Job Requirements:

• CA/ACA/ACCA or equivalent.
• Strong level of experience in the production of financial statements.
• FLUENT SPANISH AND ENGLISH LANGUAGE SKILLS ARE ESSENTIAL.
• Experience of captive management is an advantage.
• Client focused with highly developed communication skills.
• Highly computer literate and familiar with Microsoft applications.

Send application to: jobs@bermuda4u.com