Assistant Controller – Reinsurance Transactions (ACRT)

Feb 18, 2020

Department: Finance – ILS/Transactions

Position summary

Our client is a leading NYSE listed reinsurance group, headquartered in Bermuda.  The Assistant Controller – Reinsurance Transactions (ACRT) will play a key role in supporting the Company’s ILS/transactions unit.  They will assist with the preparation of monthly, quarterly and annual financial statements in accordance with US GAAP, the preparation of the annual budget and the preparation of technical accounting analysis under US GAAP for complex business transactions. The ACRT will also play a key role in supporting strategic initiatives of the accounting and business teams. In addition, the ACRT will support the business team with ad hoc analysis, business and operational deal due diligence and accounting advice.  The ACRT will provide the global finance team with support for strategic projects, priorities and initiatives, as required.

Responsibilities include

  • Review and/or assist with all aspects of reporting from internal reporting, investor reporting, external board reporting and external SEC, GAAP and statutory reporting
  • Maintain an appropriate S.O.X 404 control environment
  • Review and/or assist in the generation of monthly and quarterly financial statements and NAV calculations, including supporting general ledger activity and legal entity reviews
  • Perform detailed analysis and reconciliation of GAAP results for various managed Joint Ventures and Fund Structures to ensure a thorough understanding of reported results, troubleshooting any issues through to a successful conclusion
  • Oversee and/or assist with complex joint ventures and fund activities, including NAV estimates and fee calculations, accruals and billings and other ad hoc support as needed
  • Oversee/prepare technical GAAP analysis, particularly as it relates to FASB consolidation and equity method guidance, fair value guidance and derivative guidance, and other FASB and SEC research
  • Oversee and/or assist with the timely reporting for all managed Joint Ventures and Fund Structures
  • Assist with timely board reporting for managed Joint Ventures and Fund Structures as required
  • Assist with as hoc queries from third party capital providers or the business team as needed
  • Assist with due diligence or other internal processes as it relates to new transactions or strategic initiatives of the Company
  • Assist with the annual budgeting process
  • Liaise with internal and external auditors
  • Lead strategic priorities focused on on-going refinement/improvements of business processes, including specific and global finance projects, with an eye to automation and improving efficiencies
  • Assist with annual GAAP and Statutory financial statements and the coordination of the annual audits
  • Perform ad hoc accounting projects and provide support for strategic projects, priorities and initiatives for the Global Finance team as needed

Qualifications, skills & experience:

  • A university degree essential with emphasis on business, finance and accounting; an advanced degree advantageous
  • Professional accounting designation required (e.g. CA, ACA, CPA)
  • A minimum of 7 years post-qualification experience, including experience with a Big Four audit firm, and 5 years’ experience in the reinsurance industry required, of which 3 years must be focused on third party capital providers and reinsurance accounting
  • Detailed working knowledge of U.S. GAAP, particularly as it relates to FASB consolidation and equity method guidance, fair value guidance and derivative guidance and proven ability to analyze FASB guidance and apply it to business activities required
  • Proven experience designing and evaluating controls to support S.O.X. 404 and working within a S.O.X. 404 environment
  • Proficiency in the use of computer applications (MS Office Suite, etc.)
  • Excellent analytical and communication skills to garner immediate credibility both inside and outside the organization
  • Demonstration of a sound and reliable work ethic; outstanding problem solving skills; proven organization skills with the ability to handle multiple tasks in a timely and accurate manner

 

Please forward a detailed resume in confidence to:

PricewaterhouseCoopers Executive Search

Email: bm_execsearch@pwc.com

Tel: 441-295-2000


For further information on this job contact us at bm_execsearch@pwc.com

 

Contact us

Alistair McNeish

Director, Human Resource Services, PwC Bermuda

Tel: +1 441 298 9708

Linda Holmes

Human capital consulting, PwC Bermuda

Tel: +1 441 298 9706

Lyndsay McCabe

Client Administrator, PwC Bermuda

Tel: +1 441 298 9705

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