Overview
This role is responsible for overseeing all accounting, statutory reporting, and financial governance functions for the insurance enterprise. Responsibilities include GAAP and STAT reporting, NAIC regulatory compliance, internal controls, and oversight of premium, reinsurance, investments, reserves, and financial close processes. The Chief Accounting Officer (CAO) will report to the Deputy CFO.
Responsibilities
Financial Reporting & Regulatory Compliance
- Direct oversight of all STAT and GAAP financial reporting across insurance subsidiaries.
- Ensure accurate, timely NAIC filings, state regulatory filings, and audit-ready financial disclosures.
- Maintain compliance with GAAP/IFRS and all federal, state, and industry-specific regulations.
- Oversee preparation of quarterly and annual regulatory financial statements.
Accounting Operations Leadership
- Lead all accounting operations, including general ledger, accounts payable/receivable, premium accounting, payroll, investment and reinsurance accounting.
- Manage monthly and quarterly close processes to ensure ledger integrity and accurate reporting.
- Oversee reserves in collaboration with actuarial teams.
- Implement and maintain robust internal controls.
Internal Control, Audit, and Risk Management
- Lead ICFR/SOX governance, ensuring documentation and audit preparedness.
- Engage proactively with internal and external auditors.
- Oversee internal audits for compliance with internal controls and regulations.
Financial Strategy & Partnership
- Provide financial insights supporting long-term planning and decision-making.
- Support the Deputy CFO on M&A integration, system implementations, and modernization.
- Partner with HR, Actuarial, Underwriting, Claims, Tax, Treasury, and FP&A departments.
Technology & Modernization
- Lead system integration and automation initiatives to enhance accuracy, efficiency, and timing.
- Evaluate and implement emerging technologies affecting accounting operations.
Leadership & Team Development
- Manage teams including controllers, reporting managers, and compliance personnel.
- Foster a culture of excellence, continuous improvement, and development.
Qualifications
Education & Credentials
- Bachelor’s degree in Accounting, Finance, or related field required.
- CPA preferred.
Experience
- 15+ years of progressive insurance accounting/finance experience.
- 5+ years in senior/executive leadership overseeing STAT & GAAP reporting.
- Experience with NAIC filings, statutory accounting, reserves, and reinsurance accounting.
- Strong background in internal controls, audit, and regulatory compliance.
- P&C Insurance Technical Accounting Mastery
- Strong Finance Operating Model Experience
- Extensive Transformation/Project Experience—success executing on finance-specific and cross-functional transformation projects.
Personal Attributes
- Strategic thinker with strong analytical skills.
- Strong leadership, communication, and stakeholder-management skills.
- Collaborative with strong cross-functional effectiveness.
- Resilient, detail-oriented, and effective in a regulated insurance environment.
- High degree of integrity, accuracy, and strategic judgment.
- Flexible, low-ego, adaptable, and collaborative.
Preferred Qualifications
Compensation & Benefits
The employer offers a competitive and above-market compensation package. Benefits include:
- Medical
- Dental
- Vision
- FSA Medical and Dependent care
- Health Savings Account (HSA)
- EAP
- Basic Life and AD&D (company paid)
- Basic Long-Term Disability (employer) paid-Taxable income
- Employee paid Long Term Disability (voluntary)
- Company Medical Leave, Parental leave—8 weeks full pay after 6 months of service
- Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
- Travel assistance programs (company paid)
- 401(k) 6% safe harbor match, fully vested after two years; pre- and post-tax contributions allowed
- Gym reimbursement
- Legal plan
- Pet Insurance
- Tuition reimbursement
- Generous PTO
- Flexible work arrangement
- Fully stacked pantry on-site
- Team outings
- ERG Groups
Location
Bermuda-headquartered with offices in New York, London, Stockholm, and other locations.
Additional Information
- The employer is unable to sponsor or take over sponsorship of an employment visa at this time.