Transactions Finance Manager

This role is based in Hamilton, Bermuda.

Pramerica Services Company Bermuda, Ltd., a wholly owned subsidiary of Prudential Financial Group (“PFI”, fortune 500 company), is seeking a skilled and highly motivated individual to fill a newly created Transactions Finance Manger role that will report to the OAS Director, Controller. The Transactions Finance Manger will lead the OAS financial controllership implementation of reinsurance transactions and capital management initiatives for the Bermuda based affiliate reinsurance companies, Gibraltar Reinsurance Company Ltd. (Gibraltar Re) and Lotus Reinsurance Company Ltd. (Lotus Re), including ensuring appropriate reporting on a U.S. GAAP, Local Bermuda Statutory, and Economic Balance Sheet basis. Bermuda’s reporting frameworks are principles based and will have similarities to U.S. GAAP Fair Value and other international frameworks. This position will also assist with other activities including accounting policy, and coordination of external audit requirements.

This area is highly visible and involves partnering with Actuarial, CIO, ALM, Investment Ops, and several corporate areas (Controllers, Tax). The role offers the candidate an excellent opportunity to develop and utilize their leadership skills plus will provide the opportunity to project manage and deliver presentations to senior leadership. This position is key to the further growth of Prudential’s Bermuda business, a key element of our strategic priority to grow in a capital-efficient manner.

Responsibilities:

• Proactively partnering with various stakeholders to identify and resolve US GAAP and/or Bermuda Statutory accounting issues arising from new products and transactions.

• Research, resolution, and documentation of accounting policies and/or issues (US GAAP and Bermuda Statutory). Focus will be on insurance accounting/product related issues, especially with respect to new reinsurance transactions.

• Work with the Accounting Policy team and OAS management on strategic initiatives, including new products, reinsurance transactions, etc.

• Manage the preparation, review and analysis of reporting data in support of disclosures for inclusion in financial statements.

• Work closely with Financial Services Organization (FSO) teams to ensure accurate manual entries into the Oracle ledger.

• Present to OAS Controllers and Senor Finance Management on key accounting issues.

• Interact with external auditors on accounting conclusions.

• Support quarterly financial reporting requirements.

Qualifications:

• Bachelor’s degree

• CPA or equivalent

• Minimum of 5 of relevant work experience. 

• Strong understanding of US GAAP and/or Statutory accounting and reporting. 

• Proven ability to manage multiple deliverables and meet deadlines under challenging time frames.

• Strong collaborative, communication and partnering skills. 

• Ability to work overtime during peak periods. 

• Demonstrated ability to summarize complex business problems and detailed analysis with clarity and brevity

• Strong analytical skills and the ability to pay close attention to detail.

• Competent writer, with advanced proficiency in MS Office suite.

• Strong project and process management skills.

• Superior conceptual thinking, analytical, research, and problem-solving skills.