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Technical Accounting Manager, US GAAP

  • Location:

    Bermuda Run

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Hannah Cermack

  • Contact email:

    Hannah.Cermack@oliverjames.com

  • Job ref:

    JOB-052024-248690_1718918480

  • Published:

    23 days ago

  • Expiry date:

    2024-07-20

As the Technical Accounting Manager, you will play a critical role in ensuring compliance with US Generally Accepted Accounting Principles (GAAP) and providing guidance on complex accounting matters specific to the P&C reinsurance industry. Reporting to the CAO, you will contribute to the accuracy of financial reporting and regulatory compliance while supporting the growth and success of our organization.

Key Responsibilities:

  • Interpret and apply US GAAP principles to complex accounting transactions and issues specific to P&C reinsurance.
  • Research and analyze accounting literature and regulatory standards to ensure compliance with industry-specific requirements.
  • Lead the implementation of new accounting standards, including ASC 606 and ASC 842, ensuring alignment with reinsurance contracts and operations.
  • Collaborate with cross-functional teams to assess the accounting implications of new reinsurance treaties and business initiatives.
  • Prepare technical accounting memos documenting conclusions reached on accounting issues and transactions.
  • Support external audits and liaise with auditors on technical accounting matters related to P&C reinsurance.
  • Develop and conduct training sessions for finance and other departments on US GAAP updates and industry-specific accounting policies.
  • Monitor emerging accounting issues in the P&C reinsurance industry and recommend company policies to address them proactively.

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