Assistant Financial Controller

Application Deadline: 25 May 2026

Department: Finance

Employment Type: Permanent - Full Time

Location: Bermuda

Description

Lancashire Insurance Company Limited, a member of the Lancashire Insurance Group, is seeking an Assistant Financial Controller to join our Finance Team in Bermuda. The successful applicant will provide accounting and support for all aspects of the insurance and reinsurance accounting function.

Key Responsibilities

• Prepare internal and external reports, specifically including GAAP financial statements, board reports and management accounts.
• Ensure the efficient operation of the finance function, including (re)insurance accounting, accounts payables and G&A reporting.
• Assist with managing the Bermuda office close process, ensuring reporting requirements are completed within the Group finance reporting deadlines.
• Prepare detailed premiums, claims and acquisition cost analysis at the subsidiary level including, but not limited to underwriting technical reconciliations, reconciliation of lineslip contracts, and the reconciliation and analysis of company’s losses, the completion of required reporting.
• Assist with accounting for casualty, mortgage, and financial lines policies.
• Supervise the recording of the Company’s reinsurance cash settlements
• Prepare regulatory reporting, including the BSCR model, statutory financial statements, MBRT and NAIC.
• Prepare external surveys, as required.
• Document and maintain internal controls and procedures and liaise with internal and external auditors.
• Assist with all people management activities within the finance department.
• Assist with ad hoc budget, forecast data requests, and finance related projects.

Skills, Knowledge and Expertise

• Professional accounting qualification (CA, CPA or ACA).
• Minimum of 5 years’ post qualification experience, specifically gained in an insurance/reinsurance environment.
• Deep understanding of (re)insurance contract accounting, namely IFRS 17, ensuring the correct treatment of all associated financial balances, reviewing contract terms and non-standard clauses, for all lines of business.
• Demonstrable knowledge of finance systems (including Great Plains General Ledger and WDesk) and their interactions with underwriting and claims systems. Experienced in SQL coding for data queries, process enhancements, and controls.
• Strong knowledge of BMA regulatory reporting for Class 4 insurers and insurance groups, including preparation and review of BSCR models.
• Advanced and proven financial, analytical, and organizational skills. 
• Demonstrable experience preparing/reviewing internal management and board reporting, covering all drivers of financial results for a reinsurance company.
• Extensive experience developing and operating reinsurance specific financial processes and controls. 
• Must have excellent organizational skills with the ability to work on one’s own initiative.
• Strong work ethic and the ability to work extended hours including weekends during busy periods is required.
• Excellent written and oral communication skills.
• Strong relationship and teaming skills.
• Previous experience supervising, managing, and training junior staff is advantageous.
• Proficient with the Microsoft Suite of applications with advanced skills in Excel as an advantage.

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talkingWe feel empowered to share thoughts and ideas, because everyone’s voice matters.
CollaborativeWe work together towards common goals, share knowledge and support each other.
Hard-workingWe all have a stake in the company’s success and are proactive in contributing to our goals and vision.
ResponsibleWe focus on achieving tangible results with consistent standards across the Group.
PositiveWe engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.