Accountant, Captive Insurance

Posted 5 Days Ago
Be an Early Applicant
St. Michael, MN
Mid level
Insurance
The Role
The Account Manager at Strategic Risk Solutions is responsible for delivering financial and regulatory reports, managing cash and investment balances, preparing financial statements, and liaising with clients. This role demands expertise in insurance accounting and the ability to coordinate audit queries and client meetings.
Summary Generated by Built In

Strategic Risk Solutions Inc (SRS), a fast-growing privately-owned insurance services company, is looking for an Account Manager to provide superb finance support to colleagues in Barbados. 

SRS provides consulting, accounting, and management services to insurance companies, predominantly those licensed as captive insurance companies, in the US, Canada, Barbados, Bermuda, the Cayman Islands and Europe with a staff of 420+ employees and expects to continue to grow and expand domestically and abroad.

Duties include: 

For a portfolio of (re)insurance companies: 

  • Working with the client account team leader delivering high quality financial and regulatory reports. 

  • Tracking and reconciliation of cash and other financial transactions. 

  • Assisting with treasury account management of the client’s cash and investment balances. 

  • Maintaining and facilitating accounting records and work papers. 

  • Preparation of monthly and quarterly journal entries and financial statements for clients. 

  • Finalizing the preparation of financial statements in accordance with the appropriate GAAP. 

  • Approving billings and payment instructions in accordance with the approved company mandates. 

  • Preparation and filing of quarterly returns at the Financial Services Commission. 

  • Co-ordination of the audit queries on behalf of clients. 

  • Handling of verbal and written client communications (where applicable). 

  • Timely storage of documentation on SRS platform and the individual client Extranet. 

  • Preparing for client Board of Director meetings. 

  • Attending and presenting at client Board of Director meetings. 

  • Any other financial related task that may be required from time to time. 

Attributes and skill sets include: 

  • Professional Accounting Designation. 

  • More than three (3) years’ financial accounting experience. 

  • Comprehensive and up-to-date technical knowledge and practical experience of insurance accounting. 

  • Ability to produce a work product that is consistent with best practice. 

  • Self-motivation with the ability to work effectively as part of a team or on individually assigned tasks in a fast-paced environment where superior time management and prioritization skills are essential. 

  • Detail-oriented with superb organizational skills and comfortable with routinely shifting demands; 

  • Must be a self-starter and driven; 

  • Strong verbal and written communication skills; 

  • Ability to build lasting relationships with all levels of employees; and 

  • Demonstrated proficiency with Microsoft Office suite. 

We offer a competitive salary and a comprehensive benefits package including medical, dental, vision, life, disability coverage, and profit participation.

Suitably qualified persons can deliver their application directly to: 

Kirk Cyrus 

Managing Director 

Strategic Risk Solutions 

Letchworth House, The Garrison 

St. Michael BB14038 

BARBADOS 

E-mail: [email protected] 

The Company
HQ: Concord, MA
193 Employees
On-site Workplace
Year Founded: 1993

What We Do

Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.

For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.

Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:

--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.

This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.

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