ABOUT US
‘First’ is more than our name, it’s our nature. Cayman First is an industry-leading Property amp; Casualty insurer delivering best-in-class products and services to respond to the changing needs of individuals, households and businesses. Through our carefully selected network of agents and brokers, we provide protection for our customers today and prepare them for a brighter tomorrow. In June 2022, global credit rating agency AM Best affirmed the A- (Excellent) Financial Strength Rating of Cayman First Insurance and affiliate Bahamas First General Insurance. The outlook of these ratings is stable. The outlook of our credit ratings has also been deemed as stable. Our consistent rating demonstrates the long-term financial stability of the company and the larger group we are a part of.
PURPOSE OF JOB
We are currently seeking an experienced and driven Financial Controller to join our team. As the Financial Controller, you will play a key role in overseeing and managing our financial operations, ensuring accuracy and compliance with regulatory standards.
JOB RESPONSIBILITIES
- Managing all finance and accounting functions.
- Overseeing the day-to-day operations and the functions of the finance amp; accounts team.
- Overseeing the maintenance of the general ledger and ensuring that financial transactions are recorded accurately and timely.
- Overseeing all financial reporting activities, including the analysis and review of the set monthly and quarterly reporting requirements.
- Preparation of quarterly management accounts
- Preparation of monthly reports to Senior Management and quarterly reports to the Board.
- Preparation of the annual budget and financial forecasts.
- Preparation of Annual IFRS Financial Statements.
- External Financial reporting to regulators, Reinsurers and AM Best
- Credit Risk Management
- Treasury/ cashflow management.
- Audit liaison (external, internal, and regulatory audits).
- Assist with implementation of new accounting/financial reporting standards.
- Maintaining internal controls over financial reporting.
- Ensuring compliance with the statutory/regulatory requirements.
- Assist the CFO and Senior Management with ad-hoc assignments.
- Other Financial Controller duties as assigned.
Requirements
- A minimum of 5 years of experience working as a Financial Controller.
- An Undergraduate degree in Accounting, Finance, or equivalent.
- CPA or an equivalent accounting designation.
- Previous experience in insurance or reinsurance financial accounting and reporting preferred.
- Previous experience managing a team with strong leadership skills.
- Sound knowledge of IFRS and IAS fundamentals
- Proficient in Microsoft Office
- Effective written and verbal communication skills
- Business acumen, analytical skills and ability to creatively solve problems.
- Strong interpersonal skills and the ability to collaborate effectively with management and the various departments within the Company.
- Aptitude to work with multiple software systems.
- Highly organized, motivated and ability to work with tight deadlines with minimal supervision.
Benefits
Cayman First offers a competitive compensation package inclusive annual bonus eligibility, select company paid health insurance for employees, preferred home and motor insurance, work life balance and work life balance. This role offers a competitive salary, which will be commensurate with experience and qualifications.