Vice President, Head of Finance

Contract Type
Banking & Financial Services
Competitive Salary
Date Posted
Expiry Date
This position reports to the Group Chief Financial Officer and is responsible for all financial management reporting for the Bermuda bank.

The incumbent will also work with the Group CFO and Bermuda business lines heads and controllers producing budgets, forecasts, variance analysis and MIS reporting. Scope includes preparation of US GAAP financial statements for the Bermuda jurisdiction, and segmented management reporting for Bermuda.


Your responsibilities will include:

  • Reviewing and signing off on financial statements and noting disclosures of the parent bank in compliance with Group accounting policies under US GAAP
  • Overseeing the monthly Bermuda close process and monthly financial variance reports, annual budgets, and ongoing financial forecasts for the Bermuda jurisdiction, business segments and support units
  • Interacting with business heads and other finance staff across the Group, facilitating clear dialogue regarding Bermuda jurisdiction’s financial results
  • Reviewing and signing off on standard Group reports pertaining to the Bermuda jurisdiction, including yield reports, detailed investment and loan income reports, detailed deposit reports, etc.
  • Ensuring the department procedures are up to date, ensuring strong controls are in place over the production of the Bermuda financial statements in accordance with ERM standards, recommending and implementing new processes and controls to conform to best practice as approved by the Group Finance Council
  • Maintaining SAP General Ledger for Bermuda
  • Monitoring expenses and providing recommendations for savings and efficiencies
  • Overseeing the control of the Group’s holding company and ensuring allocation of Group holding company expenses to other jurisdictions
  • Leading the annual audit and quarterly review process, and acting as the primary point of contact with the audit firm for the Bermuda audit
  • Reviewing regulatory return submissions to the Bermuda Monetary Authority and other regulatory filings, and resolving BMA queries as required
  • Design and operation of SOX-compliant controls
  • Reviewing Bermuda reconciliations to ensure reconciling items are properly accounted for
  • Overseeing, managing and providing leadership to accounting staff in multiple jurisdictions, including the Bermuda accounts payable function


Your experience / skills may include:

  • University degree in accounting/business with a professional accounting qualification, plus a minimum of 10 years’ relevant experience with at least five years’ experience as a controller or higher level in an international banking institution
  • Excellent analytical and problem-solving skills with the ability to multi-task and prioritise
  • Possess high ethical standards and the ability to build trusting relationships
  • Strong management, communication and mediation skills with the ability to handle sensitive situations and confidential information with absolute discretion
  • Must be a self-starter, results-oriented and customer-service focused with efficient time management skills and ability to meet tight deadlines, which includes working outside of normal hours, on weekends and statutory holidays
  • Strong understanding of banking and treasury products
  • Extensive knowledge of SAP General Ledger system
  • Proficient in Microsoft Office suite of applications



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