Syndicate Accountant - 12 Month FTC

Job Description

General

Job description and person specification

Job Title: Syndicate Accountant - 12 Month FTC

Type: 12 Month Fixed Term Contract 

Division: Finance 

Team: Syndicate Reporting (team personnel: 10) 

Reports To: Senior Syndicate Accountant / Syndicate Controller  

Key Relationships: Finance team, Lloyd’s of London, Banks, Actuaries, Underwriters, Ceded RI, Compliance, Technical Accounting and Auditors. 

Job Summary: Responsible for supporting the Syndicate Controller in maintaining/preparing accurate syndicate accounting ledgers and providing analysis and management information to various stakeholders. 

Key Responsibilities:  

• Preparation of quarterly financials for seven syndicates, to include posting journals using Agresso (GL Package).
• Preparation and review of key balance sheet reconciliations on a quarterly basis.
• Support the preparation of regulatory returns for Lloyd’s or relevant regulators and tax authorities and presentation of same to management.
• Assistant with preparation and review of UK GAAP statutory accounts for seven syndicates. (FRS 102/103)
• Liaise with Group reporting manager to facilitate consolidation of the syndicate results into the parent company [Employer hidden — view at passion-project.co.uk] plc, (including calculation of any relevant IFRS adjustments).
• Analytical review of syndicate financial information including close liaison with the management reporting team.
• Production and review of note disclosures for group reporting.
• Development and maintenance of calculation processes to support preparation of quarterly financial information.
• Liaise with underwriters, actuaries, auditors, senior management and/or third parties as appropriate.
• Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.
• Support Senior Syndicate Accountants and Syndicate Controller with Ad-Hoc requests and projects as necessary.
• Review output of junior team members and escalate issues to Syndicate Controller where relevant.

General

It is important that within all your interactions both internally and externally you adhere to [Employer hidden]’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect [Employer hidden] employees to:

• Comply with [Employer hidden] procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
• Undertake training on [Employer hidden] policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, [Employer hidden]’s underwriting control standards, [Employer hidden]’s claims control standards, other [Employer hidden] standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any [Employer hidden] committees or working groups.

Personal Specification: 

Essentia Criteria

• Qualified accountant (ACCA/ACA/CIMA or equivalent).
• Skills working with Excel must be at an intermediate to advanced level.
• Knowledge of IFRS/ FRS 102/ FRS 103.

Education and Qualifications

• Knowledge of insurance company accounting is advantageous.
• Knowledge of syndicate accounting is preferred but not required.

Skills and Abilities 

• Must be able to work as part of a team.
• Must demonstrate the key characteristics required to coach/monitor junior staff members within the team.
• Experience working with other MS Office software to include Outlook, Word, Powerpoint.
• Excellent interpersonal and communication skills.
• Proactive, self-starter, seeks continuous improvement.
• Ability to manage time, meet deadlines and prioritise.

Aptitude and Disposition 

• Self motivated, flexible and enthusiastic.
• Professional approach to successfully interact with senior management/colleagues/external suppliers.
• Diplomatic.