The position has been created to support the financial reporting processes for Sagicor operations in the United States (SUSA), in Bermuda (SRBL) and other possible locations of Sagicor insurance captives are properly managed.
The SUSA IFRS reporting requires alignment with the Sagicor Group reporting guidance and compliance with the International Financial Reporting Standards (IFRS) as promulgated by the International Accounting Standards Board. The reporting regulations in Bermuda require a local legal entity to produce quarterly and annual financial information under IFRS (International Financial Reporting Standards) and EBS (Economic Balance Sheet) standards.
Primary responsibilities include execution of financial reporting process for SUSA and SRBL (or other possible insurance captives), ensuring all data and information are properly sourced and processed through the General Ledger on a timely basis, all reconciliations and controls are completed as designed, and relevant supporting documentation is in place.
The role will support the SUSA reporting management in day-to-day activities and seasonal reporting processes. It will also require collaboration with SUSA/SRBL/Othe Sagicor Group Entities Leadership, Finance, Actuarial and other departments as needed. Proactive planning, design and development of data architecture, processes, and upgraded applications in cooperation with SUSA Finance and SRBL leadership will be important success factors for the Financial Reporting Manager.
Managerial and Financial Reporting Responsibilities
- Timely and accurately execute General Ledger data entry processes to ensure accurate and relevant information in the ledger and other accounting information repositories for the purposes of SUSA group reporting and SRBL regulatory reporting.
- Timely and accurately complete all required controls and reconciliations for IFRS and EBS reporting.
- Collaborate with Accounting, Finance, Actuarial, and other departments to make sure all data and information needed for SRBL and SUSA financial reporting are complete, accurate to meet internal and external reporting deadlines.
- Collaborate with other functional teams (IT, Operations and Policy Administration, Investments, Risk Management) to ensure alignment of accounting and financial reporting data and processes as needed for SRBL and SUSA reporting.
- Review and update existing accounting policy application documentation, as needed.
- Recommend to SUSA Finance and SRBL Leadership for new policies, procedures and data and systems modifications needed to align with an existing and future regulatory requirements.
- Proactively identify, recommend, and implement control environment enhancements with cooperation with SUSA Finance Department leadership.
- Support Sagicor Group, SUSA and SRBL initiatives related to enhancements of financial systems, data, and processes.
- Perform financial and business analysis tasks as needed for SUSA and SRBL portfolios of business.
- Ensure auditability of SUSA and SRBL financial information and collaborate with SUSA Finance and SRBL Leadership to coordinate and/or assist in handling internal and external audits requests.
- Monitor regulatory and accounting standards developments and changes to ensure timely adoption.
- Continued Education and Development
- Ensure continuing education and development through external courser and internal training, and self-education to improve knowledge, develop relevant skillset and subject matter expertise in reinsurance area.
- Complete Loma courses as needed for general understanding of life insurance principals and products as required by the Company.
- Proactively teach/coach other team members to improve knowledge and skillset of the Finance and Accounting Team.
Other responsibilities
- Support senior financial leadership in continuing enhancement of existing procedures and systems.
- Provide support and/or back up for other accounting and financial processes on as needed basis (time permitting).
- Maintain cohesive working relationship with all areas of the company
Qualifications
- BA level of education in accounting, finance, or equivalent from an accredited university.
- 7 or more years of experience in life and annuity insurance/reinsurance industry accounting and financial reporting role(s), consulting/auditing servicing life and annuity insurance/reinsurance industry clients.
- Experience in IFRS reporting environment, with specific focus on IFRS 17.
- Knowledge of Bermuda regulatory reporting requirements will be desirable.
- Professional accounting qualification from a recognized qualifying body will be desirable.
- Strong technical and analytical skills.
- Advanced experience with MS Office software and major accounting software packages for general ledger accounting (Sun Systems preferred).
- Knowledge of actuarial methodologies and experience working closely with actuaries will be considered an advantage.
- Appreciation of projects including large software or database implementations will be considered an advantage.
- Entry level experience with project/program management in accounting and financial reporting area.
Sagicor Life Insurance Company is an Equal Opportunity Employer. All qualified applicants will be considered for employment regardless of race, color, age, national origin, religion, sex, gender identity or expression (including transgender status), military or veteran status, physical or mental disability, sexual orientation, genetic information, pregnancy, childbirth or related medical conditions, or any other status protected under applicable federal, state, or local law.
Job Type: Full-time
Application question(s):
- What is your expected salary?
Work Location: In perso
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