Hybrid Reinsurance Senior Accountant (Bermuda)

Equitable Advisors; Hamilton Township (NJ); Hybrid; USD 91,000 - 140,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

Equitable is seeking a Reinsurance Senior Accountant in Bermuda to support accounting, financial reporting, and operations of the reinsurance portfolio, collaborating with Finance, Actuarial, Risk, Investments, and Reinsurance Administration.

The role requires end-to-end reinsurance accounting expertise, strong internal controls, and the ability to drive process improvements; hybrid schedule with 2–3 days on-site in Bermuda.

Qualifications

• 3+ years accounting and financial reporting in life/annuity (re)insurance.
• Strong knowledge of reinsurance accounting and treaty structures.
• Experience with U.S. GAAP, STAT, and Bermuda/regulated reporting is ideal.
• Proficiency with Microsoft Excel and financial reporting systems.
• Experience with RMS or AIR is a plus.
• Professional designations such as ALMI, FMLI are a plus.

Responsibilities

• Prepare and analyze financial reporting for U.S. GAAP, U.S. STAT, and Schedule S requirements.
• Perform daily reinsurance accounting activities, including transaction recording, account reconciliations, and general ledger maintenance.
• Investigate and resolve accounting discrepancies in a timely manner.
• Compile and analyze monthly and quarterly financial reports, settlement statements, management reporting, and regulatory filings.
• Interpret and operationalize complex reinsurance transactions, including coinsurance, funds withheld, and modified coinsurance arrangements.
• Account for and record initial reinsurance transaction balances and support transition activities into ongoing business-as-usual operations.
• Support Bermuda Monetary Authority (BMA) reporting requirements, including Bermuda STAT and Economic Balance Sheet (EBS) reporting.
• Design, implement, document, and maintain internal controls and processes in compliance with Sarbanes-Oxley (SOX) requirements.
• Ensure adherence to applicable accounting standards, financial reporting requirements, and regulatory obligations.
• Prepare supporting documentation and assist with internal and external audit requests.
• Utilize process mapping and workflow design tools to document, analyze, and improve reinsurance processes and operational effectiveness.
• Collaborate cross-functionally with Reinsurance Administration, Actuarial, Investments, Risk Management, and other business partners.
• Identify opportunities for process improvements and operational efficiencies within reinsurance accounting activities.
• Support special projects, strategic initiatives, and other ad hoc assignments as needed.

Skills

Reinsurance Accounting

Financial Reporting

Regulatory Reporting & Compliance

Business Data Analysis

Business Process Design

Cross-functional Collaboration

Industry Knowledge

Education

Bachelor’s degree in Accounting/Finance

Professional accounting designation (CPA/CA/ACCA)

Tools

SAP S/4HANA

Analysis for Office

Workiva (Wdesk)

Business Objects

Power BI

Tableau

Job description

Equitable is seeking a Reinsurance Senior Accountant in Bermuda to support accounting, financial reporting, and operations of the reinsurance portfolio, collaborating with Finance, Actuarial, Risk, Investments, and Reinsurance Administration.

The role requires end-to-end reinsurance accounting expertise, strong internal controls, and the ability to drive process improvements; hybrid schedule with 2–3 days on-site in Bermuda.