Kuvare Services Bermuda Ltd. (“KSB”), a Bermuda based service provider to affiliated and regulated Bermuda-domiciled long-term reinsurers, is seeking a Finance Manager to be a key member of the finance team.
About the role
Reporting directly to the Vice President, Financial Controller, the successful applicant will primarily be responsible for the day-to-day finance, accounting and statutory reporting functions, and operations of Kindley Re Ltd. (“Kindley”), a Bermuda‑domiciled Class E licensed long‑term reinsurer operating as a sidecar sponsored by Davidson Kempner (“DK”) and supported by KSB, ensuring delivery of timely, complete and accurate reporting to all stakeholders.
Key Duties and Responsibilities:
* Manage daily accounting and finance activities of Kindley and affiliates.
* Prepare quarterly and annual management accounts, US GAAP financial statements and Bermuda statutory filings for the Company and Class E entities in accordance with BMA requirements.
* Support reinsurance accounting for life and annuity treaties, including settlements, reserves, and collateral monitoring.
* Coordinate quarterly and annual financial close process and reconciliations to meet internal and external reporting deadlines.
* Review of monthly reinsurance settlements and monitor transaction reporting deadlines and investment compliance.
* Prepare and present financial reporting, management reports, variance analyses, and board‑ready financial summaries and insights in discussions with management and committees.
* Oversee investor level reporting, measure results against established key metrics to provide insight into reinsurance and investment results, capital forecasts and planning.
* Design and implement financial / statutory reporting and internal control policies and procedures.
* Implement and maintain financial accounting, investment accounting and risk systems
* Liaise with internal and external actuarial resources, coordinate the year-end external audit and liaise with the BMA on day-to-day operational matters as required.
* Support and provide oversight to various areas of operations and other ad hoc projects as required.
Qualifications
* An internationally recognized professional accounting designation with a minimum of 5 years’ PQE.
* Minimum of 5 years’ experience within the Bermuda life reinsurance industry, either as a service provider or working directly for a life insurer / reinsurer, including a minimum of 2 years in public accounting.
* Working experience and knowledge of fixed and variable annuities and other life products and their accounting under US GAAP, including associated deal structures (i.e. coinsurance, modified coinsurance, funds with‑held). Knowledge of new US GAAP LDTI rules a strong plus.
* Strong knowledge of US GAAP, US Statutory and BMA reporting; including experience completing Capital and Solvency Returns for a life (re)insurance company under the current BSCR / EBS regime.
* Excellent communication, analytical, and organizational abilities.
* Willingness and capacity to work long hours including evenings, weekends and public holidays and on short notice is essential.
Kuvare company is an equal opportunity employer that makes hiring decisions based on merit, qualifications, and the business need. We are dedicated to a policy of nondiscrimination in employment on any basis including age, sex, color, race, creed, national origin, religious persuasion, marital status, political belief, or disability that does not prohibit performance of essential job functions. We encourage all qualified candidates to apply.
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