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