Regulatory Reporting Accountant (Insurance Sector)

Overview: Our client is the largest general insurance provider in Barbados, writing business in all areas of general insurance including, Property, Liability, Accident, Motor, Marine, Aviation and Transit Insurance.

Overview:

Our client is the largest general insurance provider in Barbados, writing business in all areas of general insurance including, Property, Liability, Accident, Motor, Marine, Aviation and Transit Insurance. They also offer insurance coverage for Individual and Group Life, Individual and Group Health, Annuities, Registered Retirement Savings Plans (RRSPs) and Individual and Group Pensions. Due to sustained growth, they are seeking to recruit a skilled professional to add to the team.

Duties & Responsibilities: 

• Prepare and submit accurate financial reports to regulators (ensuring compliance with strict deadlines and rules (e.g. BRA, FSC etc.).
• Collaborating across teams (Risk, Compliance, IT) for data.
• Staying updated on changes and new regulations, and knowledge of accounting principles.
• Foster and retain strong relationships with regulators and collaborate with internal teams to gather the requisite data for regulatory reporting.
• Support the internal and external audits related to regulatory reporting.
• Assisting Senior Management in ensuring compliance with IFRS 17 standards and ensuring financial compliance by preparing and submitting regulatory reports timely and providing accurate financial reporting and analysis to facilitate executive management decision making.
• Ensure adherence to financial regulations, internal policies and reporting guidelines.
• Compile and submit accurate regulatory returns on time.
• Evaluate financial data, detect variances, and provide commentary for internal management reports (capital, liquidity).
• Research and analyze regulatory reporting rules and regulations to ensure compliance.
• Authority on industry developments and changes in regulatory reporting requirements.
• Identify and communicate potential regulatory reporting issues to management.
• Collaborate with Compliance, Risk and other departments to gather data and resolve inefficiencies.
• Assist with stress testing and new system implementations.

Desired Skills & Qualifications:    

• BSc. in Accounting, Finance or related field with a minimum of (3) years’ experience in regulatory reporting.  Professional Certifications (as applicable): Relevant certifications such as CPA / CA / ACCA preferable.
• Prior experience in managing and handling regulatory reporting for an insurance company or financial institution. 
• Strong understanding of accounting principles and regulations.
• Highly skilled in the analysis and accurate interpretation of financial data.
• Ability to work under tight deadlines and manage multiple priorities.
• Proficient in analytical, problem-solving and data interpretation skills.
• Attention to detail and accuracy in reporting.
• Expertise with regulatory reporting software and systems.
• Proficiency in MS Excel and accounting software.
• Business Language Skills:  Good command of written and spoken English is essential, professional communication and interpersonal skills, attention to detail and collaboration.