FAVIO

Regulatory Reporting Accountant (Insurance Sector)

FAVIO  •  Bridgetown, BB (Onsite)  •  5 months ago
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Job Description


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.


Requirements


  • 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.
FAVIO

About FAVIO

FAVIO provide a range of Business Growth & Personal Professional Growth Solutions. These include Recruitment Advertising Management, Sales & Marketing lead generation, Pre - Hire & Staff Evaluation Assessments, Entrepreneur guidance programs and much more....

Industry
Consulting & Advisory
Company Size
1-10 employees
Headquarters
Bridgetown, BB
Year Founded
2015
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