Advisory & Audit Assistant Director / Long-term Insurance (Relocation to Bermuda)

This role requires the successful candidate to relocate to Bermuda. All relocation costs will be covered by the client. A leading financial services organization in Bermuda is seeking an experienced and capable individual to join its team as an Advisory & Audit Assistant Director / Long-Term Insurance. This role will be responsible for overseeing the supervision and risk assessment framework for long-term insurance entities, ensuring robust market analysis and effective risk management strategies.

Reporting to a senior leader, the successful candidate will lead a team of 2–4 direct reports, designing and implementing risk frameworks, market analysis programs, and supervisory processes by interpreting industry data and recommending appropriate actions.

• Lead a team of 2–4 professionals responsible for the ongoing risk-based supervision of a portfolio of long-term insurers and groups, providing guidance, professional development, and mentorship.
• Develop and enhance insurance risk frameworks, risk models, and market analysis tools, while delivering training and technical support on risk assessment methodologies.
• Monitor economic indicators and industry trends affecting the long-term insurance sector at both macro and micro levels, assessing their potential impact on commercial life insurers and groups.
• Oversee the modeling of complex financial transactions, including sensitivity analysis, stress testing, and financial soundness assessments, while ensuring data accuracy and appropriate methodologies.
• Conduct on-site examinations and financial reviews of statements, regulatory filings, and risk exposure assessments, evaluating areas such as capital adequacy, governance, risk management strategies, and operational resilience.
• Implement effective monitoring systems to identify emerging risks, market trends, and regulatory developments, recommending appropriate actions as needed.
• Perform due diligence and review internal models, including peer comparisons and industry benchmarks, analyzing past performance and forward-looking indicators to identify potential risks.
• Provide expert advice on technical matters related to insurance supervision, risk assessment, macroprudential factors, and risk model development.
• Represent the organization at industry events, meetings, and conferences to stay informed on market developments and best practices.

• A master’s degree in finance, accounting, or insurance, or an equivalent qualification from a recognized institution or professional body (e.g., CPA, CA, CFA, ASA, CERA, FIA, etc.).
• A minimum of ten (10) years of experience, with at least five (5) years in the life insurance industry, focusing on solvency risks associated with life products and/or experience in insurance analytics, risk assessment, or auditing within the sector.
• Strong analytical skills, with the ability to assess complex financial data, identify risks, and ensure adherence to best practices.
• A solid understanding of Bermuda-based insurance entities and their operational frameworks.
• Demonstrated ability to lead policy development initiatives and provide training on key regulatory and risk management topics.
• Excellent communication skills with the ability to engage effectively with financial services professionals, industry stakeholders, and external bodies.

Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Accounting/Auditing, Finance, and Project Management