Banking & Finance

Chief Accounting Officer

  • Permanent Position
  • REF Number : 345
On behalf of our Client we are seeking a Chief Accounting Officer to be based in Bermuda.

Reporting to the group CEO the successful candidate will have overall responsibility for the Finance, Accounting and Treasury departments of the Company.

 

Responsibilities will include:

  • Providing leadership and direction to the Finance, Accounting and Treasury Departments.
  • Assuming overall responsibility for the Group’s fiscal operating results in accordance with generally accepted accounting principles (GAAP).
  • Assuming overall responsibility for the group’s regulatory reporting to the Bermuda Monetary Authority, parent organization and other regulatory bodies in accordance with published guidelines and regulations.
  • Responsible for regulatory capital & liquidity modelling under Basel III.
  • Managing all external audits.
  • Directing and controlling the budgeting process ensuring alignment to the business strategy and devising strategies to maximize profits.
  • Overseeing General Ledger functions of the Group and delivering complete, accurate & timely financial statements.
  • Analyzing the impact of new accounting and tax pronouncements ensuring proper implementation thereof.
  • Accountability for the implementation and monitoring of a system of internal controls as they relate to financial reporting, including controls over systems that integrate with the general ledger.
  • As a member of the senior leadership team collaborating and contributing to the development and execution of the strategies improving the financial performance of the Group.
  • Advising the Executive Committee (EC), broader Senior Management and Board of Directors on the fiscal control and profitability.
  • Identifying opportunities for cost reduction and systems/process enhancements and overseeing the realization of these opportunities in coordination with stakeholders.

The successful candidate will have:

  • A Bachelor’s degree in a related subject (business, accounting, law).
  • A CPA or CA or equivalent.
  • 10 years’ progressive financial experience with a minimum of 5 years at an executive level.
  • Experience in the preparation of financial statements in accordance with IFRS, particularly in relation to the requirements for banks and investment management entities.
  • In excess of 7 - 10 years’ experience with regulatory requirements under BMA or FSA or comparable regulatory regimes following established standards for capital adequacy, liquidity, risk profiling, etc.
  • Experience with managing asset & liability and treasury systems.
  • Knowledge of banking, investment and treasury products, accounting for financial instruments and the associated accounting pronouncements.

 

For more information, or to confidentially apply - please contact:
Steph Thomason Tel: 296-0497 Email: Steph@iep.bm

We look forward to working with you!

 

 


  • Permanent Position
  • REF Number : 345

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