Senior Vice President – Technical Accounting/Capital Modelling, Bermuda
AON
Senior Vice President – Technical Accounting/Capital Modelling, Bermuda
We are seeking to employ a Senior Vice President to lead our technical accounting and capital modelling practice focused on the Commercial re/insurance (P&C and Life) and commercial Insurance-Linked Securities (ILS) portfolio in Bermuda and other jurisdictions.
The Senior Vice President will also be responsible for talent management and lead specific projects to develop revenue growth and operational efficiencies of the above including providing technical support in relation to complex capital markets and commercial insurer transactions as required.
This is a hybrid role with the flexibility to work both virtually in Bermuda and from our Hamilton office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organisation, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
+ Provide technical support to the client origination team including presentations to prospective clients.
+ Lead the structuring and formation discussions with prospective clients with a focus on technical accounting and capital modelling.
+ Collaborate with other Aon teams (Captives, Aon transformer vehicle, Capital advisory, Broking etc.) on ad hoc projects.
+ Relationship Leader on several complex cross jurisdiction commercial ILS, P&C and Life re/insurance entities.
+ Assist with driving the growth of commercial re/insurance/ ILS portfolio revenue.
+ Participate and lead client value creation discussions including articulation of AIM’s value proposition to commercial ILS, P&C and Life re/insurance entities.
+ Talent management includes mentoring, developing, training and coaching junior colleagues to meet client needs and maintain the necessary expertise.
+ Manage and direct the services provided to large multi-national clients with complex re/insurance programs specializing in the P&C and Life including feasibility studies, licensing and formation, capital optimization, transformers, sidecars, and other commercial re/insurance solutions.
+ Liaise with the Risk Advisory and Compliance team to develop and implement Solvency II equivalent governance and risk management frameworks.
+ Collaborate with the actuarial and analytics team to complete regulatory capital and solvency returns i.e. BSCR.
+ Prepare and review financial statements in accordance with US GAAP or IFRS, as well as the insurance regulatory requirements.
+ Oversee the audit and regulatory reporting process.
+ Be familiar with US tax issues/implications including FATCA and PFIC reporting.
+ Assist in various ad-hoc initiatives/projects as required to improve efficiency and productivity of the Commercial & ILS platform with a focus on commercial re/insurance entities.
+ Proactively raise the profile of the Bermuda office by representation at local and international industry conferences and other related events. This will include speaking engagements from time to time and ongoing relationship building with key local and global industry partners.
+ Attendance and/or participation in client Board and/or committee meetings.
+ Support the leadership team to implement overall business strategies.
How this opportunity is different
Aon Insurance Managers (Bermuda) Ltd. is a top tier professional services firm in Bermuda, providing re/insurance clients with management and consultancy services customized to meet the uniqueness of their individual needs.
Skills and experience that will lead to success
+ An undergraduate degree together with an accounting or financial analysis designation (CA, CPA, ACA, CFA) with a minimum of eight years of post-qualification experience
+ An insurance designation (ARM, ARE, CPCU, ACII, CIU) would be beneficial.
+ A minimum of eight to ten years of recent insurance management experience with a captive/insurance manager or other insurance related firm, specifically handling commercial ILS, P&C and Life re/insurance entities.
+ Deep experience preparing and reviewing Bermuda Solvency and Capital Returns (BSCR) for commercial entities.
+ Recent experience in business plan preparation specifically on the preparation and review of pro-forma financial statements and capital modelling (BSCR and A.M. Best’s Capital Adequacy Ratio (BCAR) model.
+ Proven track record of communication with the Bermuda Monetary Authority on technical accounting and regulatory matters.
+ Thorough understanding of risk securitization concepts and relevant insurance legislation.
+ Experience working with large alternative risk transfer clients and capital market sector.
+ Familiarity with insurance regulatory requirements across multiple jurisdictions (Cayman, Guernsey, US, UK) would be advantageous.
+ Experience leading and managing virtual and in person teams.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
Disclaimer: As per Immigration law, first preference will be given to suitable Bermudians, Spouses of Bermudians or PRC holders. Applications must include a detailed resume with references. Only shortlisted applicants will be contacted.
2565119
Senior Vice President – Technical Accounting/Capital Modelling, Bermuda
We are seeking to employ a Senior Vice President to lead our technical accounting and capital modelling practice focused on the Commercial re/insurance (P&C and Life) and commercial Insurance-Linked Securities (ILS) portfolio in Bermuda and other jurisdictions.
The Senior Vice President will also be responsible for talent management and lead specific projects to develop revenue growth and operational efficiencies of the above including providing technical support in relation to complex capital markets and commercial insurer transactions as required.
This is a hybrid role with the flexibility to work both virtually in Bermuda and from our Hamilton office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organisation, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
+ Provide technical support to the client origination team including presentations to prospective clients.
+ Lead the structuring and formation discussions with prospective clients with a focus on technical accounting and capital modelling.
+ Collaborate with other Aon teams (Captives, Aon transformer vehicle, Capital advisory, Broking etc.) on ad hoc projects.
+ Relationship Leader on several complex cross jurisdiction commercial ILS, P&C and Life re/insurance entities.
+ Assist with driving the growth of commercial re/insurance/ ILS portfolio revenue.
+ Participate and lead client value creation discussions including articulation of AIM’s value proposition to commercial ILS, P&C and Life re/insurance entities.
+ Talent management includes mentoring, developing, training and coaching junior colleagues to meet client needs and maintain the necessary expertise.
+ Manage and direct the services provided to large multi-national clients with complex re/insurance programs specializing in the P&C and Life including feasibility studies, licensing and formation, capital optimization, transformers, sidecars, and other commercial re/insurance solutions.
+ Liaise with the Risk Advisory and Compliance team to develop and implement Solvency II equivalent governance and risk management frameworks.
+ Collaborate with the actuarial and analytics team to complete regulatory capital and solvency returns i.e. BSCR.
+ Prepare and review financial statements in accordance with US GAAP or IFRS, as well as the insurance regulatory requirements.
+ Oversee the audit and regulatory reporting process.
+ Be familiar with US tax issues/implications including FATCA and PFIC reporting.
+ Assist in various ad-hoc initiatives/projects as required to improve efficiency and productivity of the Commercial & ILS platform with a focus on commercial re/insurance entities.
+ Proactively raise the profile of the Bermuda office by representation at local and international industry conferences and other related events. This will include speaking engagements from time to time and ongoing relationship building with key local and global industry partners.
+ Attendance and/or participation in client Board and/or committee meetings.
+ Support the leadership team to implement overall business strategies.
How this opportunity is different
Aon Insurance Managers (Bermuda) Ltd. is a top tier professional services firm in Bermuda, providing re/insurance clients with management and consultancy services customized to meet the uniqueness of their individual needs.
Skills and experience that will lead to success
+ An undergraduate degree together with an accounting or financial analysis designation (CA, CPA, ACA, CFA) with a minimum of eight years of post-qualification experience
+ An insurance designation (ARM, ARE, CPCU, ACII, CIU) would be beneficial.
+ A minimum of eight to ten years of recent insurance management experience with a captive/insurance manager or other insurance related firm, specifically handling commercial ILS, P&C and Life re/insurance entities.
+ Deep experience preparing and reviewing Bermuda Solvency and Capital Returns (BSCR) for commercial entities.
+ Recent experience in business plan preparation specifically on the preparation and review of pro-forma financial statements and capital modelling (BSCR and A.M. Best’s Capital Adequacy Ratio (BCAR) model.
+ Proven track record of communication with the Bermuda Monetary Authority on technical accounting and regulatory matters.
+ Thorough understanding of risk securitization concepts and relevant insurance legislation.
+ Experience working with large alternative risk transfer clients and capital market sector.
+ Familiarity with insurance regulatory requirements across multiple jurisdictions (Cayman, Guernsey, US, UK) would be advantageous.
+ Experience leading and managing virtual and in person teams.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
Disclaimer: As per Immigration law, first preference will be given to suitable Bermudians, Spouses of Bermudians or PRC holders. Applications must include a detailed resume with references. Only shortlisted applicants will be contacted.
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