| Location | San Juan |
Position: Finance Director
About the Role
We are seeking an experienced and commercially focused Finance Director to lead the financial management and performance of the organization's insurance and investment businesses.
The Finance Director will oversee financial reporting, FP&A, budgeting, forecasting, management accounting, regulatory reporting, treasury, financial controls, investment accounting, and performance analysis.
Working closely with the CFO, CEO, Investment, Actuarial, Risk, and Business leadership teams, the Finance Director will provide accurate financial insight and ensure strong financial governance across the organization.
Key Responsibilities
1. Financial Leadership
Lead the day-to-day finance function and ensure effective financial management.
Translate business objectives into financial plans and performance targets.
Provide financial analysis and recommendations to the CFO and senior leadership.
Establish strong financial discipline across business units.
Support strategic planning and business decision-making.
2. Financial Planning & Analysis
Lead annual budgeting, forecasting, and long-term financial planning.
Monitor actual performance against budgets and forecasts.
Develop financial models, scenario analysis, and management reports.
Identify trends, variances, risks, and opportunities.
Provide actionable insights to improve profitability and efficiency.
3. Financial Reporting
Oversee monthly, quarterly, and annual financial reporting.
Ensure accurate management accounts and consolidated financial statements.
Coordinate statutory reporting and financial disclosures.
Ensure reporting is delivered accurately and within required deadlines.
Maintain appropriate accounting policies and procedures.
4. Insurance Finance
Oversee financial reporting and analysis across insurance operations.
Monitor premiums, claims, reserves, commissions, expenses, and underwriting performance.
Analyze loss ratios, expense ratios, combined ratios, and underwriting margins.
Work closely with Actuarial, Underwriting, Claims, and Risk teams.
Support financial analysis of insurance products and portfolios.
5. Investment Finance & Accounting
Oversee accounting and financial reporting for investment portfolios.
Monitor investment income, realized/unrealized gains and losses, and portfolio performance.
Work with the CIO and investment teams on financial analysis and reporting.
Support investment valuation, performance measurement, and portfolio reporting.
Ensure investment accounting and reporting comply with applicable standards and regulations.
6. Treasury & Cash Management
Monitor cash flows, liquidity, banking relationships, and funding requirements.
Maintain appropriate liquidity for operating and insurance obligations.
Support treasury strategies and cash optimization.
Monitor interest-rate, foreign-exchange, and liquidity exposures.
Ensure appropriate treasury controls and reporting.
7. Capital & Solvency Support
Support the CFO in capital planning and balance-sheet management.
Monitor capital adequacy, solvency, liquidity, and leverage metrics.
Provide financial analysis for capital-allocation decisions.
Support stress testing and financial scenario analysis.
Work with Risk and Actuarial teams on capital and solvency assessments.
8. Regulatory Compliance
Ensure timely and accurate financial and regulatory submissions.
Maintain compliance with applicable accounting, insurance, tax, and financial regulations.
Coordinate with regulators, auditors, tax advisers, and external consultants.
Maintain strong financial controls and documentation.
9. Internal Controls & Risk
Maintain effective financial-control frameworks.
Identify and mitigate financial reporting and operational finance risks.
Strengthen accounting policies, procedures, and approval controls.
Support internal and external audit processes.
Ensure appropriate segregation of duties and financial governance.
10. Performance Management
Develop financial KPIs and performance dashboards.
Monitor business-unit profitability and cost efficiency.
Analyze revenue, expenses, investment returns, and operating performance.
Partner with business leaders to identify opportunities for improvement.
Drive financial accountability across departments.
11. Finance Transformation
Improve finance systems, processes, reporting, and data quality.
Support ERP and financial-system enhancements.
Drive automation of reporting and finance processes.
Improve management information and real-time financial visibility.
Promote data-driven financial decision-making.
12. Team Leadership
Lead and develop finance, accounting, FP&A, reporting, and treasury professionals.
Establish clear objectives and performance standards.
Develop finance talent and succession plans.
Promote a culture of accuracy, accountability, integrity, and commercial partnership.
Key Performance Indicators
Budget and forecast accuracy
Financial reporting accuracy and timeliness
Profitability and expense performance
Cash flow and liquidity
Investment income and portfolio reporting
Insurance underwriting performance
Capital and solvency metrics
Regulatory compliance
Audit outcomes
Financial-control effectiveness
Finance-function efficiency
Management reporting quality
Candidate Profile
Essential Experience
10–15+ years of progressive finance experience, including significant management responsibility.
Previous experience as Finance Director, Financial Controller, Head of Finance, Deputy CFO, Senior Finance Manager, or equivalent.
Strong experience in insurance, investment management, asset management, banking, pensions, financial services, or another regulated financial institution.
Strong knowledge of financial reporting, FP&A, budgeting, forecasting, treasury, and financial controls.
Experience working with senior executives, auditors, regulators, actuarial teams, investment professionals, and external advisers.
Proven experience leading and developing finance teams.
Preferred Experience
Experience covering both insurance and investment/asset-management operations.
Exposure to life insurance, general insurance, reinsurance, pensions, or institutional investment.
Experience with investment accounting and portfolio reporting.
Knowledge of capital, solvency, ALM, and regulatory finance requirements.
Experience managing finance across multiple subsidiaries or jurisdictions.
Experience with finance transformation, ERP implementation, or reporting automation.
Education & Professional Qualifications
Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related discipline.
CA, ACCA, CPA, CMA, CFA, or equivalent professional qualification strongly preferred.
MBA or Master's degree is an advantage.
Core Competencies
Financial Management
FP&A
Financial Reporting
Management Accounting
Insurance Finance
Investment Accounting
Budgeting & Forecasting
Treasury & Liquidity
Capital & Solvency
Regulatory Reporting
Financial Controls
Risk Management
Financial Analysis
Performance Management
Finance Transformation
Team Leadership
Leadership Characteristics
The successful candidate will be:
Commercially minded and financially rigorous
Highly analytical and detail-oriented
Strong in financial reporting and performance management
Comfortable working in regulated environments
Able to communicate complex financial information clearly
Strong at partnering with senior business leaders
Proactive in identifying financial risks and opportunities
Capable of managing competing priorities and tight reporting deadlines
A strong people leader and developer of finance talent
Compensation
A competitive executive compensation package comprising base salary, performance-based incentives, benefits, and other executive benefits commensurate with experience and market benchmarks.