Assistant Controller

Description

Company Description:

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $16.6 billion as of June 30, 2024. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

This position is responsible for the financial accounting and reporting functions of Aspida. This position will assist the Controller in establishing and maintaining a robust internal control environment and will handle reporting for the Board of Directors, regulatory agencies, etc. This role will integrate the accounting and reporting functions across Aspida, including the US, Bermuda, and the Cayman Islands. This role is responsible for evaluating and implementing new accounting pronouncements to ensure compliance with all applicable laws and rules related to accounting and reporting functions. This position will report to the Controller and is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

• Lead a professional staff engaged in financial reporting functions and oversee all financial reporting functions.
• Responsible for directing and reviewing the preparation of US statutory, US GAAP, and Bermuda statutory financial statements.
• Work with Director of Financial Planning & Analysis in regards to internal reporting needs, including line of business reports,      plan vs actual, forecasted results, consolidated insurance results, etc.
• Ensure the integrity and effectiveness of internal financial controls and the adequacy of processes and procedures related to financial reporting. Identify and implement opportunities for automation and efficiency in reporting functions. Be able to communicate key controls and processes to regulators and auditors.
• Manage regulatory examinations and external audits as key point of contact.
• In-depth understanding of regulatory accounting and Codification rules for application to Aspida.
• Manage and coordinate the preparation and filing of life insurance quarterly and annual statements to comply with all regulatory requirements regarding financial statement filings. Responsible for handling inquiries related to Annual statement questions.
• Analyze ceded and assumed reinsurance activity to ensure accurate accounting.
• Responsible for the monthly/annual financial exhibits in preparation for meetings with Senior Management review and approval on operations and results.
• Conduct new product and/or new business venture evaluations on an as-assigned basis to support actuarial and business requirements.
• Cooperate with external auditors retained to audit accounting procedures and records to ensure adherence to established financial control procedures.
• Communicate and interact effectively