The Role
Maintains the general ledger, performs reconciliations, supports month-end and year-end close, manages treasury and cash activities, oversees payments and accounts payable, administers banking relationships, supports audits and regulatory reporting, and improves financial systems and controls. The role also assists with cash forecasting, collateral management, solvency calculations, process automation, and finance-related projects.
Summary Generated by Built In
This opportunity is open to Bermudians and Spouses of Bermudians only.
The Senior Financial Accountant is responsible for supporting the financial integrity of the organization through the maintenance of the general ledger, treasury management activities, bank and intercompany reconciliations, and the preparation of accurate financial information. The role plays a key part in the monthly and quarterly close process, cash management, financial controls, banking administration, expense oversight, and collateral management.
The Senior Financial Accountant will work closely with the wider finance team to ensure timely financial reporting, strong governance, and efficient treasury operations while supporting the continuous improvement of financial systems and processes.
Job requirements
Job responsibilities
1. Financial Accounting & General Ledger including Management Reporting
Benefits
We believe in taking care of our team and helping our employees thrive both professionally and personally. Our benefits include:
The Senior Financial Accountant is responsible for supporting the financial integrity of the organization through the maintenance of the general ledger, treasury management activities, bank and intercompany reconciliations, and the preparation of accurate financial information. The role plays a key part in the monthly and quarterly close process, cash management, financial controls, banking administration, expense oversight, and collateral management.
The Senior Financial Accountant will work closely with the wider finance team to ensure timely financial reporting, strong governance, and efficient treasury operations while supporting the continuous improvement of financial systems and processes.
Job requirements
- This opportunity is open to Bermudians and Spouses of Bermudians only.
- Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.
- Part-qualified or working toward a professional accounting qualification (ACCA, ACA, CPA, CIMA, CGA, CMA, or equivalent), or relevant experience.
- 3+ years of experience in a financial accounting, treasury, or general ledger role, ideally within (re)insurance.
- Advanced Excel proficiency including financial analysis functions.
- Experience performing month-end close activities, balance sheet reconciliations, managing multi-currency transactions and bank reconciliations.
- Strong understanding of accounting principles, financial controls and general ledger processes.
- Strong understanding of treasury operations, cash management principles, accounts payable processes and payment controls.
- Ability to analyze financial information and investigate discrepancies.
- Strong systems aptitude with the ability to learn new financial platforms quickly.
Job responsibilities
1. Financial Accounting & General Ledger including Management Reporting
- Prepare and post monthly journal entries, including accruals, prepayments, and adjustments.
- Maintain the integrity and accuracy of the general ledger.
- Perform monthly balance sheet reconciliations and investigate reconciling items.
- Prepare and complete monthly multi-currency bank reconciliations.
- Prepare intercompany and intracompany reconciliations and coordinate settlement of balances.
- Assist with the month-end, quarter-end, and year-end close processes.
- Ensure transactions are accurately recorded in accordance with accounting policies and internal controls.
- Support external audits and regulatory reporting requirements by providing supporting documentation and analysis.
- Assist in the preparation of management reporting packs and financial fluctuation analysis.
- Participate in preparation for Board of Director, Executive Committee, and Regulatory meetings.
- Monitor daily cash balances across all company bank accounts.
- Ensure appropriate liquidity and funding levels to meet operational requirements.
- Monitor current investment, and trust fund account balances and movements.
- Prepare cash flow forecasts and provide cash position reporting as required.
- Cross functional involvement with the investment team related to collateral moves.
- Identify and escalate cash flow risks or funding requirements.
- Manage intercompany funding transactions and transfers.
- Maintain relationships with banking providers and support treasury-related initiatives.
- Support collateral management monthly and quarterly.
- Support the CFO with oversight of the accounts payable function.
- Process payment requisitions and bank transfers through company and banking platforms.
- Ensure all payments are appropriately authorized and supported.
- Coordinate timely and accurate settlement of supplier balances.
- Investigate and resolve payment-related issues.
- Assist with employee expense processing and reporting.
- Support the implementation and maintenance of robust payment controls.
- Coordinate the opening, maintenance, and closure of bank accounts.
- Manage banking platform administration, including user access and permissions.
- Maintain bank mandate records and authorized signatory documentation.
- Coordinate Know Your Customer (KYC) and banking compliance requests.
- Act as a key contact for banking institutions on day-to-day operational matters.
- Ensure compliance with company financial policies and procedures.
- Identify opportunities to improve financial controls and operational efficiencies.
- Assist with the development and documentation of finance processes.
- Support internal and external audit activities.
- Maintain awareness of regulatory requirements relevant to the role.
- Support finance transformation initiatives and system enhancements.
- Assist with testing and implementation of new finance processes and technologies.
- Contribute to continuous improvement activities across the finance function.
- Develop and maintain process documentation where required.
- Assist on Automation projects
- Support the CFO with solvency and capital management calculations.
- Undertake additional responsibilities as reasonably required to support the evolving needs of the business.
- Provide support to wider finance and operational teams on ad hoc projects and initiatives including M&A transaction activity.
Benefits
We believe in taking care of our team and helping our employees thrive both professionally and personally. Our benefits include:
- Health & Wellness – Comprehensive medical, dental, and vision insurance plan
- Paid Time Off – Generous vacation, sick leave, and other paid leave
- Retirement Plans – Pension plans with immediate vesting to help plan for your future
- Life and Disability Insurances – Coverage when you and your family need it most
- Gym Allowance – Supporting you in your fitness journey
- Employee Assistance Program (EAP) – Free, confidential support for mental health, legal, and financial counseling
- Travel Insurance – To cover you and your immediate family
Skills Required
- Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline
- Part-qualified or working toward ACCA, ACA, CPA, CIMA, CGA, CMA, or equivalent professional accounting qualification, or relevant experience
- 3+ years of experience in financial accounting, treasury, or general ledger roles
- Experience ideally within the reinsurance industry
- Advanced Microsoft Excel proficiency, including financial analysis functions
- Experience with month-end close activities, balance sheet reconciliations, multi-currency transactions, and bank reconciliations
- Strong understanding of accounting principles, financial controls, and general ledger processes
- Strong understanding of treasury operations, cash management, accounts payable processes, and payment controls
- Ability to analyze financial information and investigate discrepancies
- Strong systems aptitude and ability to learn new financial platforms quickly
- Must be Bermudian or a spouse of a Bermudian
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
RiverStone International is a global insurance specialist that acquires and reinsures legacy and discontinued insurance business. It manages legacy insurance portfolios and liabilities through transactions such as portfolio transfers and company acquisitions, while providing claims services and finality solutions. Its work helps insurers release capital, reduce volatility and operational distraction, simplify strategy, and focus resources on core underwriting businesses and improve returns for stakeholders.
