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- Tasks: Lead financial and regulatory reporting for a Bermuda life reinsurance company.
- Company: Join UBS, a global bank with a purpose-led culture and flexible work options.
- Benefits: Enjoy flexible working arrangements like part-time, job-sharing, and hybrid options.
- Why this job: Be part of a growing team that values collaboration and diverse perspectives.
- Qualifications: CPA, CA, ACCA, or similar with 7-10 years in financial management roles preferred.
- Other info: Experience in Bermuda's regulatory environment is strongly preferred.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK’s leading over-50s age inclusive jobs board.
Your role
Are you an expert in the financial and regulatory reporting requirements for a Bermuda life reinsurance company?
Do you have a deep understanding of Bermuda corporate governance requirements?
Do you want a varied role at a growing company supported by one of the world’s top banks?
We’re looking for a Head of Financial and Regulatory Reporting to:
- manage the company’s capital requirements, ensuring the entity meets or exceeds regulatory and internal solvency targets
- provide strategic recommendations to the Board and executive leadership on capital optimization and regulatory compliance and offer expert advice on transaction pricing and business planning
- ensure timely and accurate preparation of all regulatory filings required by the Bermuda Monetary Authority
- prepare and present financial and governance reports to the Board of Directors and relevant committees and chair the Finance Committee
- supervise the Company’s third-party service providers (e.g. insurance managers, corporate services provider, etc.) to ensure contractual obligations are met and high service standards are maintained
- serve as a key member on the governance framework committee
Your expertise
- CPA, CA, ACCA, CIMA, or similar recognized designation with knowledge of IFRS and its application to life reinsurance
- ideally 7-10 years in financial management roles within insurance, reinsurance, or financial services
- strong understanding of Bermuda solvency and capital requirements, as well as corporate governance standards
- specific experience with life re/insurance and expertise in Bermuda’s regulatory environment strongly preferred
- excellent written and verbal communication skills; experience reporting to Boards and executive leadership would be a plus
- comfort acting in a dual role that encompasses both finance and governance responsibilities
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing, and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it’s our people, with their unique backgrounds, skills, experience levels, and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?
Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills, and experiences within our workforce.
Your team
You’ll be working in the Reinsurance Solutions team in Bermuda reporting to the CEO of the reinsurance company in a small team. Although the company sits within a large global bank, working there will feel more like a start-up with everyone taking on additional tasks as needed. The reinsurance business is strategically important to service the parent company’s life insurance clients and you will be a key part of that success.
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Head of Financial and Regulatory Reporting employer: UBS
Contact Detail:
UBS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial and Regulatory Reporting
✨Tip Number 1
Make sure to highlight your expertise in Bermuda's regulatory environment during networking events or conversations. This will help you stand out as a candidate who understands the specific challenges and requirements of the role.
✨Tip Number 2
Engage with professionals in the reinsurance sector through LinkedIn or industry forums. Building relationships with individuals already working in Bermuda can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and changes in financial and regulatory reporting, especially those affecting Bermuda. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the field.
✨Tip Number 4
Consider reaching out to current or former employees of UBS to gain insights into the company culture and expectations for the Head of Financial and Regulatory Reporting role. This can help you tailor your approach and show that you're a great fit for their team.
We think you need these skills to ace Head of Financial and Regulatory Reporting
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Head of Financial and Regulatory Reporting position. Tailor your application to highlight your expertise in financial management, regulatory compliance, and Bermuda's corporate governance.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 7-10 years of experience in financial management roles within insurance or reinsurance. Provide specific examples of how you've managed capital requirements and ensured compliance with regulatory standards.
Showcase Communication Skills: Since excellent written and verbal communication skills are crucial for this role, ensure your application reflects your ability to report to Boards and executive leadership. Use clear and concise language in your documents.
Tailor Your Cover Letter: Craft a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention your understanding of Bermuda's regulatory environment and how you can contribute to the company's success.
How to prepare for a job interview at UBS
✨Showcase Your Regulatory Expertise
Make sure to highlight your deep understanding of Bermuda's regulatory environment and corporate governance requirements. Be prepared to discuss specific examples from your past experience that demonstrate your knowledge in these areas.
✨Prepare for Strategic Discussions
Since the role involves providing strategic recommendations to the Board, practice articulating your thoughts on capital optimization and regulatory compliance. Think about how you can present complex financial concepts in a clear and concise manner.
✨Demonstrate Leadership Skills
As a key member of the governance framework committee, it's important to showcase your leadership abilities. Prepare to discuss your experience in supervising third-party service providers and how you've ensured high service standards in previous roles.
✨Communicate Effectively
Excellent written and verbal communication skills are crucial for this position. Practice presenting financial and governance reports as if you were addressing the Board of Directors. This will help you convey your ideas confidently during the interview.
