Accounting Analyst - Group Insurance Admin
We are seeking a detail-oriented and analytical Accounting Analyst to join our team. In this role, you will analyze financial data, support reconciliations and reporting, and help ensure the accuracy of financial records. If you have strong analytical skills and a passion for financial excellence, we'd love to hear from you.
About Guardian Life of the Caribbean Limited
Guardian Life of the Caribbean Limited leads the charge in Life, Health, and Pension solutions throughout the Caribbean Region. Our unwavering mission is to cultivate financial freedom for our stakeholders through transformative interactions, fuelled by the relentless power of technology. With innovation at our core, we strive to redefine the landscape of financial services, empowering individuals, and businesses alike to pursue their dreams with confidence and security.
JOB OVERVIEW:
The Accounting Analyst is required to prepare and manage the accounting and reconciliations for all Ledgers within the Group Insurance Administration Department. He/she will be responsible for ensuring that all accounting processing entries are done in an accurate and timely manner and that service is prompt, reliable and courteous to our internal and external customers at all times.
JOB RESPONSIBILITIES:
1. Reconciliation
• To prepare and manage the integrity of the Asset and Liability (Balances within this portfolio) recorded in the financials for all subsidiaries through regular assessment and review of account reconciliations and to submit timely and accurate clearance of errors and/or outstanding differences between balances confirmed by debtors/creditors vs the relevant company’s general ledger to GLOC Finance by the 7th business day of each month.
• Identify operational and/or financial risks arising from the reconciliations within the Group Insurance Administration accounts.
• Collaborate with various leadership to ensure regulatory compliance on all financial matters.
• To Develop and maintain current, relevant procedures and controls to ensure accurate and timely recording of cash transactions; and to eliminate or limit the risks identified within Group Insurance Administration.
• To Manage internal and external audits as relates to the stipulated portfolio of Accounts
2. Reporting
• To Prepare Central Bank, Statutory Return and Balances of Payments reports on a quarterly and annual basis for BANC, GL OECS and GLOC local and overseas territories.
• To Prepare and review monthly reports such as Reinsurance, Valuation, P&L (Group Life portfolio) and Management reports.
• To manage the internal and external audit by providing supporting documents and schedules within stipulated deadlines with no material errors.
• To manage the internal and external audit by providing supporting documents and schedules within stipulated deadlines with no material errors.
• To prepare monthly Group Life Journals for submission to Finance.
• To perform any other job related duties as assigned by the Manager.
EDUCATION & EXPERIENCE:
• 5 CXC/CSEC passes including Mathematics and English Language.
• 2 A’ Level/ CAPE passes.
• ACCA Level 1
• Pursuing Level 11
• 2+ years’ experience with insurance accounting
• Working knowledge of Life, Health and Pension insurance processes and products.
• 3+ years’ experience in customer service or related environment.
ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.
PERSON SPECIFICATION:
The Accounting Analyst must be flexible, possess excellent time management, negotiation and reporting skills. He/she must be driven, extremely organized to ensure that deadlines are met with 100% accuracy, result oriented and also be able to work with minimal supervision. The incumbent must possess unquestionable integrity, be professional and articulate. He/she must be able to build and maintain relationships with diverse groups and work effectively in cross-functional (technical) teams.