HR302: Senior Accountant, ILS | Bermuda NEW

Job title: HR302: Senior Accountant, ILS | Bermuda

Company: Hamilton Recruitment

Job description: SENIOR ACCOUNTANT– RE/INSURANCE – BERMUDA – ONLY 10% TAX – HR302About this opportunityOur client is currently seeking a Senior Accountant based in its Bermuda office.Your role will entail responsibility for the oversight of the financial accounting processes of the company, performed by the insurance manager. You will be responsible for ensuring the satisfactory implementation of the internal control framework for finance and other functions of the company. Other core deliverables include responsibility for overseeing the financial budgeting, investment reporting process and treasury/banking function.You will be working closely with other departments both in Zurich and Bermuda, including Underwriting, Claims, Risk and Underwriting Operations, as well as senior management. You will be a key point of contact for the company’s finance and accounting service provider in Bermuda, with responsibility for reviewing financial reporting outputs, driving project deliverables and ensuring effective service delivery. A core component of the role is assisting with a number of governance functions of the company including risk management, incident reporting and internal and external audits. You will also be a key contact for the financial reporting output to the fund manager.The successful candidate will have experience in financial reporting and internal controls. You will need to be a confident communicator across multiple disciplines and be able to offer challenge to financial and other management information.Key responsibilities:

• Oversee the accuracy and timely reporting of key finance deliverables including investment/collateral reports, monthly management accounts and supporting schedules. Assist with delivery of the year-end financial reporting information including financial statements and regulatory filings
• Be responsible for the management of collateral positions, sufficiency of funding, and timely posting and release of collateral
• Assist with the development and implementation of the financial reporting operating model and internal control system of the company, including reviewing processes and documentation, and evidencing performance of key controls
• Oversee the budgeting and forecasting process for the balance sheet and P&L, including analysis of cost budget to actuals
• Act as liaison between multiple parties including the outsourced insurance manager, underwriting and operations teams to resolve queries and ensure accurate deal accounting
• Assist with liaison with accounting service provider to ensure accuracy of reported information, drive completion of project work and ensure effective operation of service provider financial reporting controls. Monitor service provider performance in accordance with the company’s third-party management framework
• Assist with expense and treasury functions including employee expense reviews and banking relationships

What you’ll need

• Recognized accounting qualification with at least three years’ experience in financial accounting
• Experience with financial reporting and risk management processes
• Experience with insurance/reinsurance accounting
• Experience with the ILS/collateralized reinsurance environment including familiarity with reinsurance trust agreements, collateral monitoring and funding mechanisms
• Enthusiastic, motivated individual looking to develop knowledge across multiple areas of a collateralized reinsurance environment
• Ability to work effectively under pressure with competing and rapidly changing priorities
• Strong eye for detail in reviewing financial information and reconciliations
• Ability to develop cohesive working relationship with internal and external stakeholders
• Presentation of financial information at management level which is clear, concise and user-friendly

How to apply

• To apply, attach your résumé 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.

Expected salary:

Location: Hamilton, ON

Job date: Fri, 08 Aug 2025 22:49:16 GMT

Apply for the job now!