AVP, Financial Controls

Overview

This role supports the establishment and maintenance of the organization’s Internal Control over Financial Reporting (ICFR) Program in accordance with applicable SEC standards and guidance and the Sarbanes-Oxley Act of 2002 (SOX). The position also oversees internal controls for US Statutory reporting programs in accordance with the National Association of Insurance Commissioners’ Model Audit Rule (MAR), and leads development and integration of Bermuda Monetary Authority (BMA) financial reporting requirements into the ICFR Program.

The AVP, Financial Controls partners across the organization to drive continuous improvement, including innovation and increased efficiency through automation, with a focus on reliable and timely financial reporting.

Responsibilities

• Lead specified areas of the annual ICFR Program risk assessment and scoping process, including monitoring significant changes and evaluating/reporting identified control deficiencies.
• Partner with business teams to support remediation of significant deficiencies and material control weaknesses and coordinate with external auditors during public company readiness assessments.
• Engage with internal and external auditors to promote efficiencies through increased reliance on internal controls.
• Develop ICFR Program communications for key stakeholders, including the ICFR and Audit Committee.
• Assist in development and implementation of internal controls testing, including:
  • Establishing protocols for testing financial reporting controls
  • Ongoing monitoring
  • Oversight of remediation for identified deficiencies
• Promote uniformity and automation of controls through efficient use of financial systems and innovative technology, improving the design and effectiveness of controls and driving efficiencies in documentation, assessment, and testing.
• Collaborate effectively across different cultures and levels within the organization.

Requirements

• Bachelor’s degree or higher in accounting.
• CPA, Chartered Accountant, or equivalent.
• Six (6) or more years of experience in the Life & Annuities industry, with a focus on public companies.
• Strong understanding of, and ability to apply, relevant US GAAP and US Statutory Accounting Principles and reporting requirements.
• Clear and professional verbal and written communication skills.
• Strong interpersonal, collaborative, and conflict resolution skills.
• Ability to define problems, collect data, establish facts, and draw conclusions.
• Ability to design and present information to senior management, auditors, and business partners.
• Ability to work effectively both independently and as part of a team.
• Agility to keep current on best practices and latest thinking regarding processes and controls.

Compensation & Benefits

• Base salary range: $145,000—$165,000 USD (commensurate with candidate experience)
• Pay ranges may differ based on the cost of labor in the location.
• Eligible for an annual bonus based on company and individual performance.
• Generous benefits package.

Location

This role will be based remotely.

Equal Opportunity

The organization is an equal opportunity employer and evaluates qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought, or any other characteristic protected by applicable law.