Accounts Payable & Receivable Accountant

Our client, Freisenbruch Insurance Services Ltd. (FIS), a local Bermudian company providing insurance, pension and broking services to both the domestic and international marketplace, is seeking a highly motivated and detail-oriented Accounts Payable & Receivable Accountant to join their team. Reporting to the Chief Financial Officer, the Accounts Payable & Receivable Accountant will support the CFO and Financial Controller (FC) by assisting with the full spectrum of internal financial activities.

• Manage Accounts Payables and Receivables and escalate any concerns to the FC and CFO
• Manage the day-to-day Accounts Payable & Receivable process, including review of invoices for appropriate approval
• Initiate payments via the electronic banking system or cheques
• Manage complex bank and General Ledger reconciliations and resolve discrepancies
• Maintain account billings, e.g., update client Health & Pension insurance accounts
• Post accruals, prepayments, and capital-based transactions
• Collaborate with internal departments to support financial decision-making
• Verify and control cash and expenses
• Assist the FC with identifying and implementing process improvements and creating operating efficiencies
• Assist in monthly, quarterly, and year-end financial reporting and audit process
• Assist with other ad-hoc projects, as required by the CFO

• A diploma or certificate in Financial or Management Accounting is a requirement
• Demonstrated commitment towards attaining CPA, CMA or equivalent accounting certification preferred
• B achelor's degree preferred
• 3-5 years of previous work experience in an Accounts Payable & Receivable role within an insurance or reinsurance company
• Knowledge of USGAAP financial reporting processes and requirements
• Proficient with Microsoft Excel, Word, Outlook, and Power Point
• Proficient with Accounting software, preferably Quick Books Pro & Enterprise
• Excellent organizational, analytical and problem-solving skills
• Strong organizational, written and verbal communication skills
  
  Ability to meet deadlines and prioritize tasks and assignments