Assistant Director

  • 37073
  • Life - Other
  • |
  • Bermuda
  • |
  • Mar 18, 2020
Other
RESPONSIBILITIES
  • Managing and directing a team of professionals responsible for undertaking risk-based supervision of licenced or regulated entities and groups in the insurance sector using a mix of financial analysis, other performance data analysis, off/on-site compliance reviews and examinations, and prudential and other meetings with senior management.
  • Preparing risk assessments, evaluations, reports, and briefing memoranda in relation to various re/insurance entities and groups.
  • Participating in the drafting of internal policies, procedures and guidance notes.
  • Providing direction, leadership and supervision to the assigned team/s, in addition to providing support on technical, managerial and administrative matters in achieving the department’s overall goals and objectives.
  • Identifying training needs and assisting in establishing programmes for employee development by way of formal training courses, individual development plans, one-on-one coaching, special projects or on-the-job exposure.
  • Providing senior management support to the Assessment and Licensing Committee in its review and consideration of applications for registration under the Insurance Act 1978; supporting in a similar capacity the licencing process for insurance entities, agents, brokers and salespersons.
  • Representing the company at various local, regional and international meetings, conferences and seminars involving meetings and information exchanges with regulatory bodies, government agencies and the financial services industry.
QUALIFICATIONS
  • A Master’s degree or equivalent designation in Insurance, Finance or Accounting from a recognised institution or professional body.
  • A minimum of ten years’ experience, with at least five at a senior level managing a team within the insurance industry and/or insurance regulatory environment. Candidates with current regulatory/supervisory experiences are preferred.
  • Superior knowledge of both domestic and international re/insurers’ operations.
  • Relevant compliance, operational and managerial experience in a financial services environment.
  • The ability to interpret, administer and discuss insurance-related regulatory laws, regulations, criteria, standards, and other relevant documents ensuring regulated entities and groups are managed in a sound and prudent manner.
  • Excellent management, leadership and interpersonal abilities, along with strong analytical and communication skills.