Syndicate Accounting Analyst

Job Description

Syndicate Accounting Analyst

Job Market - Insurance Accountancy

Syndicate Accounting Analyst - 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.

Syndicate Accounting Analyst - Key duties

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.

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

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.

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.

Syndicate Accounting Analyst - Key requirements

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