HR750: Senior Analyst, Insurance Supervision | Bermuda

Job description

SENIOR ANALYST – INSURANCE SUPERVISION – BERMUDA – 10% TAX – HR750 About this opportunity Our client is seeking the services of a skilled and capable individual to work as a Senior Analyst in their Supervision (Insurance) Department. Reporting to a Principal, the Senior Analyst will be responsible for performing management reviews of a compliance nature, statutory return analysis, solvency capital evaluation and monitoring of selected businesses. They will report the findings and recommendations to the Principal to discuss and develop an action plan. This is a key role for the regulator, and the post-holder will be responsible for: Undertaking on-site reviews, supervisory colleges and analysis of selected businesses and their respective capital models by utilising various risk assessment methodologies and governance to evaluate compliance with existing laws, regulations, policies, plans and procedures Identifying risk issues and formulating reports on findings for submission and discussion with management Developing agendas and schedules and attending prudential meetings with financial entities to discuss findings of the review, minute discussions/decisions and developing a corrective action plan as appropriate Undertaking projects relating to the Departments’ supervisory and regulatory responsibilities, as requested Monitoring the market with a specific focus on developments in the insurance industry (local and international), regulatory bodies/regimes, accounting standards, as well as market information on insurance companies via monitoring of key indicators, newspapers, periodicals, media and relevant websites Monitoring identified high-risk registrants with compliance issues by reviewing memoranda and timely direct follow-up with company representatives Reviewing applications in accordance with existing legislation Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post Monitoring team performance, providing mentoring and feedback, and preparing formal performance appraisals as per the management process What you’ll need Bachelor’s degree in a business, finance or insurance-related field and/or equivalent qualifications in insurance, finance, actuarial or accounting from a recognised institution or professional body Minimum of five (5) years of relevant experience in the insurance, financial services industry and/or work experience with a financial regulatory body How to apply To apply, attach your résumé or include a link to your LinkedIn profile If you don't provide one of the above, we can't progress your application For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities. Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we’ll help make it happen. 👉 Not for you? Refer a friend to apply and we'll reward you with a referral bonus upon successful placement 👉 Share a job Tell us about a new job vacancy in Bermuda, BVI or the Cayman Islands