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POSITION SUMMARY:
The Senior Accountant, Financial Reporting, will support the AVP, Financial Reporting in maintaining complete and accurate reinsurance accounting records. This includes assisting with the ongoing monitoring of reinsurance requirements, the preparation of high-quality reports to support management’s decision-making, and ensuring adherence to relevant accounting and regulatory standards. The role will also contribute to the preparation of the Company’s financial statements and regulatory filings. In addition, the Senior Accountant will support the design and execution of robust accounting controls, analyze and prepare management information, contribute to board materials, and research technical accounting matters as they arise. This role requires strong analytical and technical skills, attention to detail, and the ability to collaborate effectively in a fast-paced, cross-functional environment.
ESSENTIAL RESPONSIBILITIES:
- Maintaining complete and accurate accounting records, including investment information in Clearwater
- Preparing complete and accurate US GAAP financial statements for ResRe on a quarterly and annual basis
- Preparing statutory financial statements and assisting with the submission of regulatory filings within the specified deadlines to ensure the Company complies with the requirements of the regulator
- Assist with the preparation of quarterly and annual consolidated financial statements for the Group
- Assist with the preparation of quarterly and annual investment accounting and reinsurance workbooks to support the consolidated financial statements
- Preparing management accounts and management information
- Performing analytical reviews of the Company’s results each quarter and assisting with the preparation of reports to the Board
- Preparing journal entries and reconciliations to support the financial statements
- Perform technical research into new accounting standards and regulations, including tax-related matters, and developing position papers with a recommended course of action.
- Determine the appropriate accounting treatment for the reinsurance of life insurance products under US GAAP
- Assist with the preparation of financial statement disclosure notes for US GAAP financial statements for ResRe on a quarterly and annual basis
- Designing and executing internal controls to ensure the accuracy, completeness and reliability over the investment information used in the decision-making process
- Coordinating third party service providers, including the monitoring of KPI’s and suggesting corrective action where necessary
- Coordinating and responding to the requests from internal and external auditors
- Support to Actuarial, Treasury and FP&A
- Other ad hoc requirements
QUALIFICATIONS, SKILLS AND EXPERIENCE:
- A University Degree in Accounting or Finance is required
- CA/ACCA qualification is required
- Minimum 5 years of progressive experience, including at least 3 years post-qualification (PQE), in public accounting and/or financial reporting roles with a strong understanding of US GAAP
- Prior experience in the life insurance or reinsurance industry is preferred
- Prior experience with Clearwater, Oracle and Workiva is preferred
- Experience preparing and analyzing financial statements under multi-GAAP bases
- Experience in a multi-currency environment with specific focus on investment accounting and reporting matters
- Knowledge and experience with Bermuda regulatory requirements related to investment accounting and reporting
- Knowledge of the requirements under the Bermuda Corporate Income Tax regime and experience with new accounting standards, such as LDTI
- Excellent communication skills: able to communicate at all levels in a clear, focused and understandable manner. Influences others effectively and respectfully and builds consensus and partnering
- Excellent presentation skills, both verbal and written, in order to interact knowledgably and with impact both internally and externally
- Excellent analytical skills: keen ability to think and act strategically; planning for the long term while balancing the short and long-range needs of the organization
- Keen ability to think and act strategically; planning for the long term while balancing the short and long-range needs of the organization
Location: New York, NY (Hybrid - 2-3 days per week in the office),
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.
In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.
· New York, NY: $125,100- $152,900
Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.