CFO, Bermuda Reinsurance

, OH, United States

Job Description

Job Number: CFO, Bermuda Reinsurance ( Job Number: 78004970R1D20240416 )

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Hamilton, Bermuda

The CFO, Bermuda Reinsurance acts as both a Strategic Business Partner and Chief Financial Officer on all finance matters to the CEO, Bermuda Reinsurance. This role has a focus on Regulatory Reporting and legal entity financial management.

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What will your essential responsibilities include?

Partner with the CEO, Reinsurance to understand their businesses from an integrated financial perspective, provide insight into potential improvements, and give your perspective on the feasibility of various strategic initiatives.

Help to look at the business through an analytical lens and drive the increased analytical culture and mindset within the business and finance. Challenge and coach the business on the financial impact of their decisions.Work alongside the controllership function, to enable accuracy, consistency and efficiency in our planning and reporting processes, and “one set of numbers” in relation to the Reinsurance business.

Responsible for all regulatory reporting of the main Reinsurance legal entities domiciled in Bermuda, including Quarterly and Annual submissions.

Responsible for the preparation of the Annual IFRS 17 AXA XL Re Ltd consolidated Financial Statements

Working alongside the Reinsurance Head of Capital Management and Regulatory Reporting – in understanding the capital requirements of the Bermuda legal entities and how this impact and affect the overall requirements of the Reinsurance Business unit.

Responsible for forecasting the Business unit’s financial standing based on financial and operational data and reports and advising the CEO and respective boards on strategic direction.

Actively monitor expense drivers and work with the business to ensure most efficient cost structure.

To encourage and foster excellent working relationships with FinOps, ERM, Capital Management, Treasury, Compliance, Investment Accounting, Internal Audit and Tax, and feed into their processes where appropriate.

To actively participate in Board of Director roles for appropriate entities.

Review and at times, be involved in the production of internal Board and Management MI related to the legal entities alongside all external reporting requirements.

Manage and lead the Reinsurance Bermuda regulatory team.

Other ad hoc duties and projects as required.

Working relationships:

Will interact with AXA XL Reinsurance Finance and AXA XL Divisional Finance, Legal, Tax, Compliance, Actuarial, ERM and Treasury Teams on various matters, as AXA XL Re Ltd is the top regulated reinsurance entity and owner of significant subsidiaries within the Reinsurance Business Unit.

External interactions will include external auditors and local regulator.

You will report to the CEO Bermuda Reinsurance with a second line to Reinsurance Head of Capital Management and Regulatory Reporting.

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

Qualified accountant (CA, CPA, ACA or equivalent) with at least ten years post-qualification experience in the excess property and casualty insurance and reinsurance industry

Must have an excellent knowledge and experience with US GAAP and/or IFRS accounting and reporting.

Extensive working knowledge of current statutory requirements and experience with Bermuda Statutory reporting requirements for a Class 4 Company

Working knowledge and experience with Oracle, Hyperion and PeopleSoft Financials

Must possess outstanding analytical and report writing skills as well as solid organizational and communication skills

Results Oriented: A keen ability to execute and deliver results. Approach tasks proactively and anticipate needs.

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe

Robust support for Flexible Working Arrangements

Enhanced family friendly leave benefits

Named to the Diversity Best Practices Index

Signatory to the UK Women in Finance Charter

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.

Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.

Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.

AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

AXA XL is an Equal Opportunity Employer. Location Location : BM-BM-Hamilton Work Locations : BM Hamilton O'Hara House Bermudiana Road P.O. Box HM 2245 Hamilton HM08

Job Field Job Field : Finance

Schedule Schedule : Full-time

Job Type Job Type : Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.

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