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Job Title Group Compensation Accountant
Our Reference J20029
Employment Term Permanent
Location Bermuda
Industry Insurance & Reinsurance
Discipline Accountant
Our client, Lancashire Holdings Limited, through its UK and Bermuda based insurance subsidiaries and its platform at Lloyd’s, is a global provider of specialty insurance products with an emphasis on property, energy, marine and aviation classes. Its insurance subsidiaries carry the Lancashire group rating of A (Excellent) from A.M. Best and within its Lloyd’s platform Syndicate 2010 and Syndicate 3010 have an A.M. Best rating of A (Excellent). Lancashire has capital in excess of $1.5 billion dollars and its Common Shares trade in London under the ticker symbol LRE.

At this time Lancashire requires a Group Compensation Accountant, reporting to and acting under the Group CFO and Group Head of HR. Key responsibilities include, but are not limited to:
· Lead the annual compensation process for the Company and provide in-depth modelling & analysis of rewards, including long-term incentives as required - includes calculation of staff compensation figures and the related GAAP accounts’ disclosures
· Prepare documents for the LHL Remuneration Committee, attend meetings and present when required, liaise with the Company Secretary, Executive Group, Remuneration Committee Chairman and Board Chairman as required
· Ensure that all appropriate compensation, bonus and equity metrics are collected and utilised in staff and Executive compensation decisions and are equitable when benchmarked with peer and industry standards
· Collect, analyse and report on quarterly and annual peer data
· Collect and analyse data for the annual report and rating agency/investor/board presentations
· Work closely with Head of HR to ensure timely and accurate compensation and benefits modelling and analysis
· Complete HR department budget submissions for LHL and all subsidiaries on a bi-annual basis
· Complete HR headcount, turnover and compensation survey submissions
· Perform quarterly IFRS 2 and tax calculations related to the group compensation schemes
· Ad hoc requests, projects and peer analysis

Minimum Qualifications, Skills & Experience:
· Professional accounting qualification (CA, CPA, ACA etc.). Progress toward CFA designation preferred
· Minimum 4 years post-qualification experience in an insurance/reinsurance environment with compensation accounting preferred
· Detailed knowledge and experience of IFRS rules and requirements for compensation accounting, in particular IFRS 2
· Detailed understanding of varying measures of performance, including RoE and TSR
· Experience working with Pension and Employment rules and tax regulations for UK companies a strong advantage
· Proficient with the Microsoft Office Suite of applications with highly advanced skills in Excel and data modelling
· Strong attention to detail with strong organisation and time management skills

To apply please send your résumé to bdajobs@expertise.bm or apply online at www.BermudaJOBS.com.

All enquiries will be dealt with in strict confidence.

Closing Date: January 21, 2019


     
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