Position Description

Financial Accountant
Job Code B031499
Company Insurance Company
# of openings 1
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Kuvare Life Re Ltd. (“KLR”), a Bermuda-domiciled Class E long-term insurer, is seeking a qualified professional for the role of Financial Accountant within the finance team supporting KLR and its affiliates.

Key Duties and Responsibilities:
  • Support all accounting and operational aspects of reinsurance transactions
  • Preparation of monthly and quarterly financial reporting journal entries related to reinsurance activities and other related financial reporting calculations
  • Process internal and external invoices and managing expense reports in line with company policy
  • Initiate payments via the electronic banking system
  • Assisting the finance team during the monthly and quarterly close process
  • Prepare quarterly and annual US GAAP financial statements and annual Bermuda statutory reports
  • Provide quarterly analysis of financial results
  • Participate in process improvement and automation projects
  • Participate in other ad-hoc projects as required
Minimum Qualifications and Experience:
  • An internationally recognized accounting designation
  • Minimum 2 years of financial reporting or related (re)insurance experience, either as a service provider, auditor or working directly for a life (re)insurer
  • Strong knowledge and working experience of US GAAP for a life (re)insurance company, including accounting for life (re)insurance and annuities
  • Experience with US Statutory and BMA reporting, including experience under the current BSCR / EBS regime
  • Strong computer skills including Microsoft Excel
  • Ability to establish and maintain effective working relationships with other employees
  • Ability to manage multiple projects at once and know how to prioritize deadlines
  • Willingness and capacity to work long hours including evenings, weekends, and public holidays and on short notice is essential
  • Organized and has good attention to detail
  • Candidates without an internationally recognized accounting designation but with 7 years of financial reporting and detailed accounting experience working within in the life (re)insurance industry may be considered
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