Syndicate Accountant

Job Description

Job Title - Syndicate Accountant

Market - Insurance

Location: London

 

Syndicate Accountant – About the role:

To assist with the preparation, production, reconciliation and submission of the Syndicate Financial reporting to a high standard and on a timely basis which includes Quarterly Board packs, Lloyd’s Regulatory returns including Solvency II reporting.

 

Key Responsibilities:

Preparation of monthly Syndicate accounting and reporting which entails:

Responsible for the preparation and reconciliation of technical journal entries relating to the Syndicate within documented deadlines.

Responsible for the preparation of the monthly Syndicate P&L and balance sheet reconciliations.

Assist with the production of monthly and quarterly Syndicate financial reporting in accordance with established time tables

To develop a good understanding of dataflows and dependencies to support the population of the GL and financial reporting.

Document and maintain adequate procedures and controls.

Assist in the preparation of Lloyd’s returns including QMA, QMB and Solvency II reporting ensuring these are prepared in accordance with Lloyd’s Byelaws.

Completing early drafts of reporting packs in good time to allow for several layers of internal/external reviews.

Critically analysing the data in all Lloyd’s Returns prior to submission - by raising queries and incorporating appropriate responses within the accompanying commentary – so as to pre-empt questions from Lloyd’s and members’ agents.

Monitoring all Lloyd’s bulletins and Q&As to identify changes required, ensuring these are incorporated in the Lloyd’s Returns.

To liaise with external auditors providing appropriate information as required.

Participation in continuous process improvements

Carry out other reasonable tasks as required by line management.

To assist with treasury related tasks, which entails:

Monitoring the liquidity position of the Syndicate and improve the short-term cash flow forecasting.

Maintenance of all Syndicate and Group bank accounts and mandates.

Embody and amplify the Company values in all aspects of day to day activity ensuring that all interactions and engagements are carried out with the highest ethical and professional standards and that all work is accomplished with quality and in accordance with the company values.

Carry out other reasonable tasks as required by line management.

 

Essential Qualifications, Skills & Experience:

Strong grasp of any major GAAP – International / UK / US

Strong understanding of insurance accounting

Microsoft office applications – in particular advanced Excel, Word and Powerpoint.

Cognos TM1 reporting tool.

Part or fully qualified ACA/ACCA (or equivalent) accountant preferred (but not essential)

Insurance background (Lloyd’s Market experience desirable but not essential)

Knowledge of Solvency II reporting requirements

 

Desirable Behavioural Attributes:

Self-starter and able to work independently.

Problem-solver

Critical thinker in questioning veracity of figures to pre-empt questions

Excellent communication skills