Financial Accountant

About Park

Park Indemnity Limited is a Bermuda domiciled insurance company providing (re)insurance solutions to a global network of professional services firms. We are seeking a motivated and detail-oriented Financial Accountant to join our Finance team and play a key role in supporting the Company's financial reporting, accounting, investment administration, and financial operations.

The Opportunity

Reporting to the Senior Financial Accountant, the Financial Accountant will support the Company's general accounting and financial reporting functions. This role provides exposure to all aspects of the finance operation, including IFRS and statutory reporting, investment accounting, budgeting and forecasting, cash management, insurance accounting, and audit support. This is an excellent opportunity for an ambitious and motivated accounting professional looking to broaden their experience within the (re)insurance industry. The successful candidate will be a proactive self-starter who takes ownership of their work, communicates effectively with stakeholders, anticipates issues before they arise, and actively seeks opportunities to contribute to the team.

Key Responsibilities

• Assist in the day-to-day operations of the finance team and accounting function.
• Maintenance of accounting records, including oversight of the processing and posting of all transactions, including payments and receipts to the general ledger.
• Assist in the maintenance of the general ledger, investment accounting and period end close processes.
• Assist in the preparation of quarterly and annual budgets, forecasts and variance analysis.
• Build a comprehensive understanding of all expense accounts.
• Provide support in the production of financial statements and reports (IFRS, Statutory, quarterly financial package, and other internal management accounts)
• Monitor regulatory activity and provide regular updates to the finance team.
• Prepare gross and ceded premium schedules including calculation of unearned premium.
• Prepare and post all journal entries related to cash and investment management including payments and receipts, accounts payables, investment transactions, expenses, FX, prepayments and accruals.
• Assist with preparing quarterly reserve listing and finance schedules.
• Monitor cash balances to ensure sufficient funds are available for expenses and claim payments.
• Reconcile all cash and investment balances monthly and investigate discrepancies with investment managers.
• Prepare monthly investment schedules, recording all investment transactions, investment return and investment positions.
• Prepare Investment Liquidity requests and payment notifications.
• Prepare weekly/monthly investment analysis for Independence compliance.
• Understand and identify the impact of claims payments on finance schedules, claim listings, and reinsurances recoverable.
• Ensure all invoices and other payment requests are processed in accordance with the company’s policies and procedures.
• Provide support with execution of the external audit.
• Work collaboratively with key stakeholders to identify and make recommendations on improvements to increase operational efficiency, utilising systems and automation.
• Support finance team with preparing committee materials as required.
• Assist with ad hoc accounting or operational projects as necessary.
• Provide support to the finance team as and when requested, including involvement with annual Company Initiatives.
  

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or a related discipline.
• Professional accounting designation (CPA, CA, ACCA, ACA, or equivalent), or active pursuit of a designation.
• 3-5 years of accounting or financial reporting experience.
• Experience within insurance, reinsurance, financial services, or investment environments.
• Strong understanding of accounting principles and financial reporting.
• Advanced Microsoft Excel skills.
• Experience with IFRS reporting is desirable.
• Strong analytical, critical thinking and problem-solving abilities.
• Exceptional organizational skills with the ability to manage multiple priorities, meet deadlines and consistently follow through on commitments. Proactive self-starter with a strong sense of ownership and accountability.
• Excellent written and verbal communication skills, with the confidence to engage effectively with stakeholders at all levels of the organization.
  

What We Offer

• Competitive compensation and benefits package.
• Professional development and support toward accounting qualifications.
• Exposure to a broad range of finance, investment, and insurance activities.
• Opportunity to work closely with senior management and key stakeholders.
• A collaborative and professional work environment focused on continuous improvement and growth.