AVP Financial Reporting Manager, Bermuda
Our client, a well-known insurance and reinsurance provider based in Bermuda, is seeking to fill the position of AVP- Financial Reporting Manager. The successful applicant will be primarily responsible for monthly and quarterly group reporting, forecasting/budgeting and oversight of investment accounting.
Specific Responsibilities include:
Review monthly and quarterly financial reporting to our client
- production
- income statement
- cash flow
- various schedules required for SEC reporting
Manage and review the quarterly forecasting and annual budgeting process
Assist with analysis of actual results to forecast, prior year and budget
Review month end investment accounting file for portfolio investments, joint ventures and other investments.
Assist with the preparation of financial statements and related disclosures for the company. (GAAP and Statutory reporting)
Liaise with internal and external auditors
Manage Sarbanes Oxley requirements
Manage and develop accounting staff
Qualifications and Experience:
CPA or CA with at least 5 years post qualification experience
At least 1 year manager experience
At least 1 year investment experience would be preferred
At least 2 years insurance experience
Experience working with GENIUS or Peoplesoft would be an asset
Ability to work overtime and meet tight deadlines
Demonstrated experience in performing similar duties to those listed above
Strong organizational, communication and time management skills
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Trust Manager, Bermuda
An international law firm in Bermuda is seeking a dynamic individual to join their Trust team. The successful candidate will possess a deep understanding of technical trust issues and will appreciate the importance of providing clients with exceptional service.
This position is responsible for the administration of a complex portfolio of private trusts and companies and the supervision of administrative staff.
Key Accountabilities:
Responsible for a complex portfolio of accounts in accordance with the terms of the trust instrument and company by-laws, trust and company law and internal policies and procedures, and consistent with the needs of principals and beneficiaries
Manage the administrative staff by providing advice, guidance and support in handling accounts and provide training in systems, procedures and advice on technical issues
Monitor team profitability and productivity and morale
Manage and control a diversified array of trust assets including those held in underlying companies
Liaise closely with clients, beneficiaries, co-trustees, accountants, lawyers and investment managers on a time responsive basis
Provide company secretarial services for Bermuda companies
Monitor and control the performance of third-party providers of investments, custodial accounting and other services.
Requirements:
Bachelor’s Degree and/or professional designation (i.e., LLB, CFA , CA , STEP Membership) or equivalent experience
Minimum 5 years professional experience of trust administration and companies
Proven knowledge of trust and company laws and practice and company administration
Proven ability to manage employees
Knowledge of clients’ needs and ability to relate to clients in social as well as business environments
Strong verbal and written communications skills
Ability to understand trust and company accounts and the issues arising from their preparation
Excellent knowledge of trust deeds, wills, relevant legislation and compliance in multiple jurisdictions
Competence in MS Office Suite
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IT Auditor, Barbados
• Effectively & efficiently perform IT audit and integrated audit evaluation and testing work on functional and regional audits.
• Perform audit field testing of information systems and related processes in a multi-platform environment (Unix, Windows, AS/400, Oracle, SQL Server etc).
• Discuss and agree issues identified with Team Lead / Senior Audit Manager and unit management.
• Support Audit Team Lead/ Senior Audit Manager in planning, leading and reporting the assignment, and act as second in charge where required.
• Ensure that all audit work is produced accurately, is robust and complete, and be able to work under tight time constraints.
• Bachelor’s Degree in Management Information Systems or Computer Science, CISA or other related information system security professional certification (e.g. CISSP, CISM, GIAC), internal auditing / accounting professional certification a plus (CIA, CFSA, ACCA, CGA, etc );
• Knowledge of COSO, COBiT and ITIL would be a plus.
• Experience with software development processes, business continuity, network management, database management systems project management and computer operations.
• Good knowledge / understanding of internal auditing techniques, internal control and risk management
• Ability to assimilate and interpret data from a number of sources, and sometimes conflicting and drawing appropriate conclusions.
• Strong technical skills covering a broad range of IT systems (i.e. firewalls, routers, switches, web servers, servers, databases, operating systems, applications).
• Reasonable experience in IT operations / information security / fraud / risk management and control issues.
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Internal Auditor, BVI
Main responsibilities include:
v Receives an audit programme with instructions and specific scheduled assignments;
v Reviews and plans audits/projects;
v Prepares schedule of audit/project activities with datelines and deadlines;
v Arranges with office personnel to complete administration requirements;
v Executes audit cycle activities, as scheduled, based on objectives;
v Compiles and verifies accumulated data;
v Assembles audit work papers in prescribed manner;
v Appraises legislation, regulations, or other policy structures;
v Evaluates procedural directives and assess internal controls;
v Identifies existing or potential problem areas and the causes;
v Discusses audit findings and recommendations with management;
v Prepares audit/project presentations for the Audit Committee;
v Performs any other duties as assigned.
Requirements:
v Bachelor’s Degree in Accounting, Business Administration, Finance, Economics, Public Administration, Statistics, Information Technology or Engineering
v Four (4) years working experience in either professional auditing or another technical profession completing duties related but not limited to financial analyses, project management and product testing.
v Possesses excellent listening and oral communication skills
v Ability and willingness to learn new concepts and adapt to changing environments.
v Ability to work efficiently under pressure and with minimum supervision
v Ability to establish and main effective work relationships with public officials and the general public
v Ability to work independently and in teams
Salary:
v Entry level $31,523 – $35,431 annually, Grade 10 commensurate with qualifications and experience.
Appointment:
v Subject to medical fitness; One-year probationary period
v Permanent and pensionable establishment
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Assistant Director-Banking, Bermuda
Our client is dedicated to attracting and developing the very best people. As part of this commitment, they are seeking the services of a skilled capable leader to work as Assistant Director in their Banking, Trust & Investment Department. The Assistant Director reports to the Director and will supervise a team of professionals carrying forward the organization’s supervisory programme for the department’s regulated entities.
Responsibilities for this key role:
Directing the supervisory work carried out by the supervisor of trust companies, investment businesses and investment funds.
Assisting in setting Departmental strategy and budgets, and ensuring fulfillment of the organizations agreed objectives.
Leading on-site visits and engaging in dialogue with senior management of licensed entities.
Interpreting, administering and discussing complex legal, financial and regulatory material.
Liaising with overseas supervisory and regulatory bodies and representing the organization on various committees, seminars and conferences.
Requirements:
MBA in Business, Finance, Economics or Law;
Professional qualification from a recognized institution or professional body, such as; CA, CPA, CFA, TEP, FRM, ACIS/FCIS;
Minimum 10 years experience in total, of which five years PQE, is in the financial services industry and/or working experience is within a financial regulatory body;
Strong management, leadership, interpersonal, analytical and communication skills;
Highly developed team leadership and mentoring skills;
Good knowledge of relevant international regulatory standards;
High degree of personal commitment and an ability to work under pressure;
Exceptional analytical and communication skills (written and oral);
Knowledge of one or more of the investment funds, trust and investment business sectors.
Compensation & Benefits:
Excellent Base Salary
Bonus
Health Care Benefits package
Educational reimbursement
Five Weeks Vacation + Stat holidays
Relocation & Resettlement package provided
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Accountant, Bermuda
Our client is a small, well-established, independent Fund Administration Company, in Bermuda. Due to business growth they are seeking a professionally qualified Accountant to service a portfolio of hedge funds, fund of funds and other alternative investment vehicles.
General Responsibilities:
Calculate net asset values as required by the offering documents and prepare financial statements (US GAAP & IFRS)
Process investor subscriptions, transfers and redemptions and maintain share register
Perform timely communication with other service providers, directors and investors
Recognized professional accounting designation
Hedge fund accounting experience an asset
Strong engagement management and communication skills
Experience with MS office applications
Working knowledge of Bloomberg and Fund Accounting software is advantageous
Capable of taking ownership of multiple tasks with an attention to detail
Ability to meet reporting deadlines
Compensation:
Base Salary Range: $75K-$82K
Bonus is dependent on performance of individual and company profits
Social Ins., Payroll & Healthcare Benefits are 50/50% split between employee and company
Payment of professional dues to local/international member accounting body
Vacation 3 weeks
Relocation package includes flight and short-term accommodations
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Fund Administration Team Manager, Bermuda
Duties will include:
Calculate and review NAVs (Net Asset Values) of large, active and complex multi-currency funds.
Train and develop assistant accounting staff and act as an expert resource to other accountants.
Deliver superior customer service by consistent delivery of accurate, timely accounting data.
Analyse client profitability.
Apply relevant accounting principles to funds depending on domicile and legislative compliance.
Assist in accounting systems enhancements and upgrades.
Ideal Candidate
University Degree in Business, Finance or Accounting
Accounting qualification (CA, CMA, CGA or equivalent) with a minimum of 5 years post qualification fund accounting experience
Knowledge of Hedge and Mutual Fund accounting techniques
Ability to gain and retain client confidence and a proven ability to manage employees.
Working knowledge of Prospor, NTAS, Excel and Word
Excellent management, leadership, communication and interpersonal skills
Ability to work efficiently within strict deadlines, where significant overtime may be required
Package
Competitive package and re-location
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Senior Fund Accountant, Bermuda
Reporting to the Account Manager, duties will include:
Prepare financial statements for the assigned funds as mandated or as requested by clients
Establish professional relationships with clients
Process and reconcile daily trades
Prepare weekly and monthly Net Asset Values (NAVs) for the funds
Carry out other administrative tasks for clients as requested.
Ideal Candidate
Qualified Accountant (CPA, ACCA etc)
Minimum of 2 years Fund Administration accounting experience
General familiarity with investment fund accounting concepts
Excellent client, communication, interpersonal, team, organisational and analytical skills with proven ability to work in a demanding diverse environment within strict deadlines
Proficient with MS Word and Excel. Experience with Advent Geneva, Prospor, NTAS is an asset
Package
Competitive package and re-location
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