Description:
As Syndicate Accountant you will support the production and delivery of all Lloyd’s financial returns, statutory accounts, other financial regulatory and related compliance returns to Lloyd’s, FCA /PRA or equivalent.
You will be an Accountant with experience working in the insurance industry, with prior knowledge of syndicate reporting.
Role & Responsibilities (include but not limited to):
- Support the development of new systems, analysis tools and procedures required to prepare all financial regulatory returns for Syndicate 2786 for uploading into core market returns (CMR) or Market Data Collection (MDC).
- Support in the production and delivery of all Lloyd’s returns and other applicable financial regulatory and compliance returns in accordance with timetables.
- Support the completion of US / CAD trust fund returns as required.
- Assist in the financial ledger close of the Syndicate and related legal entities for group reporting under US GAAP as required.
- Support in the production of the Syndicate and related legal entities UK GAAP financial results and annual statutory report and accounts.
- Support the implementation of key controls over the financial reporting process.
- Undertake project work including development of new processes and implementation of change as required.
- Support both internal and external audits as required.
- Perform reconciliation of syndicate ledgers including cashbooks to bank accounts, regulatory and situs funds as required.
- Assist in processing of technical/non-technical accounting ledger entries as required, including invoices and bank payments.
Qualifications:
- Qualified Accountant (ACCA, ACA, CIMA), or strong part qualified who is continuing their professional development through undertaking further exams leading to qualification.
Knowledge, Skills & Competencies:
- Experience working in the insurance industry, with exposure to the Lloyd’s market and understanding of the Lloyd’s financial and regulatory landscape.
- Strong IT skills, with experience of using Lloyd’s core market returns (CMR), and market data collection (MDC) preferable.
- Demonstrable ability to extract, manipulate, analyse, and present data in a clean and logic way. Including an understanding where reconciliation are required throughout the process.
- Good communication skills, prioritisation and time keeping skills.