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Perennial Resources International · 2 months ago

Director – Insurance Finance

Jersey City, NJ

Full-time

Onsite

Director/Executive

7+ years exp

Perennial Resources International is seeking a Director of Insurance Finance to oversee financial reporting and compliance in a multi-disciplinary financial role. The position involves managing financial operations, ensuring compliance with regulations, and interacting with various stakeholders including auditors and rating agencies.

ConsultingInformation Technology

Responsibilities

Responsible and accountable for the daily financial operations including accurate and timely monthly, quarterly and annual financial analysis and reporting

Preparation for and compliance with periodic internal audits of accounting processes and controls and annual external financial statement audits and shareholder financial statements

Regular communications with business managers, risk management, Finance and Tax group on financial issues and regulatory/statutory issues

Responsible and accountable for financial reporting at Board meetings including preparation and analysis of results, dividends calculations and preparation of related Board materials

Approve payments (cheques and wires and investments) and review account reconciliations and group head sign off on PEGA

Accountable as contact for communication, including formal face-to-face meetings with AM Best and Standard & Poor's in their annual reviews and preparation of capital models and information returns

Manages operating cash flows and financial operations

Working within Insurance and Financial Group guidelines, develops and maintains a strong reinsurance finance infrastructure providing efficient and effective accounting processes policies and controls

Responsible for the timely and accurate financial analysis including budgeting and forecasting

Detailed monitoring and analysis of actual results including issue resolution and communication of results and operating issues

Qualification

CPACA designationFinancial reportingReinsurance industry knowledgeIFRS knowledgeFinancial planningCommunication skillsLeadership skills

Required

Bachelor's Degree or equivalent in Business/Finance/Accounting

Recognised Professional Accounting Designation (CPA, CA) or equivalent

7-10 years' work experience in financial reporting, planning and forecasting

Extensive reinsurance industry knowledge and experience, preferably at the international level

Strong understanding of insurance products and knowledge of IFRS including IFRS17

Superior written and verbal communication skills and related experience essential to work effectively internally at all levels across a large and diverse organization and externally with influential rating agencies and regulatory and tax authorities