Assistant Syndicate Accountant

Hamilton; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

Hamilton, a leading specialty insurer, is looking for an Assistant Syndicate Accountant in London to support regulatory reporting and manage bookkeeping processes. Ideal candidates will have experience in insurance accounting and a collaborative spirit. The role offers opportunities for professional qualification support and a diverse, entrepreneurial workplace culture.

Benefits

Support for professional qualifications

Qualifications

• Understanding of bookkeeping and ledger maintenance.
• Familiarity with Lloyd's reporting and insurance accounting.
• Strong verbal and written communication skills.

Responsibilities

• Assist in production of regulatory returns and ensure compliance.
• Oversight of offshore bookkeeping team and reconciliation tasks.
• Interact with external audit teams.

Skills

Bookkeeping

Insurance Accounting

Microsoft Excel

Communication

Education

Accounting qualification

Tools

SUN general ledger

Q&A (Excel add-in tool)

Job description

In good company.

Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.

Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful - to our customers and our business. We believe we are 'In good company.' with everyone we interact with.

We're looking for an

Assistant Syndicate Accountant

Based in our London office and reporting to the incumbent Syndicate Accountant, this role will sit within the Syndicate Finance team, working on the Hamilton backed Syndicate 4000.

The primary purpose of the role is to provide support to the senior members of the Syndicate Finance team in all aspects of Group and Lloyd's Regulatory reporting (reporting in US and UK GAAP respectively). Note, the day-to-day bookkeeping is outsourced to an offshore team based in India, and this is a key relationship to manage.

Our ideal candidate will be someone with recent experience in a Lloyd's managing agency or insurance company, or someone from professional practice with recent experience of London market insurance audits or transactions.

Hamilton Global Specialty is our multi-platform, specialty insurer operating primarily through a Lloyd's Syndicate and Dublin operating company with a managing general agency in the US.

What you will do

• Assist in the production of core Lloyd's regulatory returns, ensuring that they are completed in accordance with regulatory timetables and guidelines
• Assist in the production of ancillary returns to regulators
• Oversight of the offshore bookkeeping team, ensuring that balance sheet controls and day-to-day bookkeeping functions are carried out in an accurate and timely manner
• Sign-off of key reconciliations prior to Lloyd's reporting to an audit standard, appraising the Syndicate Accountant of any areas of concern
• Trial balance preparation and maintenance, to include the RIESCO process for investments and cash assets
• Assist in the maintenance and sign-off of SOX controls for Group reporting
• Continually use the feedback loop to enhance processes
• Interact with external audit teams by providing data and responding to queries

Conduct Standards

• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and cooperative with the CBI, FCA, the PRA and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct
• You must act to deliver good outcomes for retail customers

What you require for the role

• A good understanding of best practice bookkeeping and ledger maintenance processes
• Ideally working towards an accounting qualification
• Be familiar with key elements of insurance accounting, particularly the nuances of Lloyd's reporting i.e. the Underwriting Year of Account allocation process and the Lloyd's Central Accounting process
• Strong Microsoft Office skills in Excel and Word are essential
• Knowledge of SUN general ledger and Q&A (excel add-in tool) would be an advantage
• Good communicator (verbal and written), paying attention to detail and ability to work to deadlines
• Open, innovative and inclusive mindset
• Collaborative spirit
• Results-oriented and growth mindset

What you can expect from us

We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More.

We know if we welcome and respect differences, we'll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.

Hamilton will provide ongoing support for professional qualifications.