At a Glance
- Tasks: Lead complex investment accounting and regulatory reporting for Bermuda entities.
- Company: Join a Fortune 200 company focused on life and health solutions.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and to enhance investment accounting capabilities.
- Why this job: Make a real impact in financial protection and work with a diverse team.
- Qualifications: Bachelor's degree in Accounting or Finance; 8+ years of relevant experience required.
The predicted salary is between 58500 - 71500 £ per year.
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
A Brief Overview
The Director, Investment Accounting - Bermuda is a senior individual contributor responsible for leading highly complex investment accounting, statutory reporting, and regulatory support for Bermuda legal entities and related investment structures. The role serves as the on-island investment accounting subject-matter expert, partnering with Bermuda Finance leadership, global Investment Accounting, Investments, Risk, Actuarial, Treasury, Tax, Legal, Compliance, and external service providers to deliver accurate reporting, strong controls, and timely responses to the Bermuda Monetary Authority. Work is performed with substantial independence, with escalation for policy-setting, material judgment, or enterprise-level decisions.
What You Will Do
- Bermuda statutory and regulatory reporting: Lead the investment accounting components of Bermuda statutory financial reporting and regulatory returns, including investment, asset, funds-held, trust, capital, and solvency-related schedules. Interpret current requirements, coordinate source data and reviews, document judgments, and maintain audit-ready support.
- Financial close and legal-entity reporting: Lead month-end, quarter-end, and annual investment accounting activities for assigned Bermuda entities. Review results across asset classes, reporting bases, systems, and legal entities; analyze drivers and variances; and ensure reporting is complete, accurate, timely, and consistent.
- Technical accounting and complex transactions: Evaluate accounting and reporting implications of new investment strategies, reinsurance structures, funds-withheld arrangements, trusts, portfolio transfers, derivatives, private assets, structured investments, and other complex transactions. Prepare technical analyses and coordinate conclusions across applicable GAAP and Bermuda statutory frameworks.
- BMA and audit engagement: Serve as a primary investment accounting contact for Bermuda regulatory examinations, information requests, external audit, internal audit, and control reviews. Participate in meetings with Bermuda leadership and the BMA, explain methodologies and conclusions, and coordinate timely, accurate responses.
- Controls, governance, and data integrity: Own and enhance the control environment over Bermuda investment accounting and reporting. Establish reconciliations, review standards, documentation, issue escalation, and evidence retention; identify data or process risks; and drive sustainable remediation.
- Cross-functional partnership and operating model: Partner with global Investment Accounting and Bermuda-based Finance, Investments, Portfolio Management, ALM, Risk, Actuarial, Structured Finance, Treasury, Tax, Legal, Technology, and Operations. Clarify ownership, align portfolio and legal-entity data, and support an effective on-island operating model while maintaining enterprise standards.
- Process improvement and capability building: Lead initiatives that improve reporting quality, timeliness, transparency, automation, and scalability. Develop procedures, facilitate walkthroughs, transfer knowledge, mentor team members, and strengthen Bermuda-specific investment accounting capability across the wider organization.
- Maintain regular and predictable attendance and perform other duties as assigned.
Qualifications
- Bachelor’s Degree in Arts/Sciences (BA/BS) in Accounting, Finance, Business Administration, or a related field required
- Master’s degree in Arts/Sciences (MA/MS) in Accounting, Finance, Business, or a related discipline preferred
- 8+ Years of relevant investment accounting, insurance/reinsurance accounting, financial reporting, auditing, or regulatory reporting experience required
- 4+ Years of relevant investment accounting experience specifically with a Class D or E long-term insurer regulated by the BMA required
- Demonstrated experience with various investment types, including fixed maturities, structured securities, private
Director, Investment Accounting employer: Reinsurance Group of America, Incorporated
The Reinsurance Group of America offers a dynamic and supportive work environment for actuarial professionals, fostering innovation in mortality modeling. With a strong emphasis on employee development, you will have access to extensive training and growth opportunities while collaborating with a global team of experts. Located in the UK, our culture promotes knowledge sharing and automation, making it an ideal place for those seeking meaningful and rewarding careers in the actuarial field.
Contact Details:
Reinsurance Group of America, Incorporated Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Director, Investment Accounting
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We think you need these skills to ace Director, Investment Accounting
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