Finance Manager - Syndicate Reporting

QBE Europe; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in the UK is seeking a Syndicate Finance Manager to oversee financial reporting and regulatory compliance. The role involves leading a finance team, managing relationships with internal and external stakeholders, and ensuring accuracy in financial controls. Ideal candidates will be ACA, ACCA, or CIMA qualified with experience in insurance accounting and strong knowledge of Lloyd's regulatory requirements. This position offers a 9-month fixed-term contract in a dynamic and collaborative environment.

Qualifications

• Post-qualification experience in insurance accounting within the Lloyd’s market.
• Experience managing or mentoring a small team is desirable.
• Extensive experience working cross-functionally with underwriting, actuarial, risk and finance teams.

Responsibilities

• Oversight of financial systems and procedures for syndicates.
• Leading the finance team in achieving key performance indicators.
• Communicate with external auditors and support their audit queries.

Skills

Strong verbal and written communication skills

Advanced Excel skills

Proactive mindset towards process improvement

Strong working knowledge of Lloyd's regulatory requirements

Education

ACA, ACCA or CIMA qualified

Tools

Oracle

TM1

Lloyd's-specific systems

Job description

Primary Details Time Type: Full time Worker Type: Employee The purpose of this role is to establish and maintain financial systems, control audits, and provide accurate financial information to senior management and the board of directors in respect of Syndicate Reporting.

This role is responsible for ensuring appropriate review of the financial results of the syndicates and compliance with regulatory Lloyd's requirements - e.g. QMA, QMB, RRQ and Syndicate Statutory accounts. Additionally, the role involves overseeing financial controls assurance activities and contributing to clean internal and external audits.

We are looking for a skilled Syndicate Finance Manager to lead the delivery of accurate and timely syndicate financial reporting, ensure compliance with Lloyd’s regulatory requirements and drive excellence in financial controls and audit readiness.

This is a great opportunity to make a meaningful contribution in a dynamic and collaborative environment, while gaining exposure to senior stakeholders and strategic decision-making.

Please note this is a 9 month Fixed Term Contract.

Your New Role

In this pivotal role, you’ll be responsible for overseeing the financial systems and reporting processes that support our syndicates, including QMA, QMB, RRQ and statutory accounts. You’ll work closely with senior management and the board, providing trusted financial insights and assurance. Your expertise will also be key in managing financial controls assurance activities and contributing to successful internal and external audits.

Key Responsibilities

• Review syndicate financial results under both AIFRS and FRS 102 accounting standards, ensuring accuracy and consistency
• Ensure full compliance with Lloyd’s regulatory reporting deadlines and requirements, including QMA, QMB, RRQ, Syndicate statutory accounts and Statement of Actuarial Opinion (SAO)
• Prepare and deliver accurate, timely financial reports and commentary, including governance packs for the Board and Audit Committee meetings
• Maintain and enhance strong working relationships with key internal and external stakeholders, including auditors, actuaries and regulatory bodies
• Lead and support the finance team in achieving key performance indicators and delivering high-quality outputs
• Communicate regularly with the external auditors and provide support with responding to their audit queries
• Establish and maintain robust financial controls to safeguard the organisation’s assets and ensure audit readiness
• Contribute to the development and implementation of process improvements, automation initiatives and financial systems enhancements
• Monitor regulatory developments and assess their impact on syndicate reporting and capital requirements

About You

• ACA, ACCA or CIMA qualified (or equivalent) with post-qualification experience in insurance accounting within the Lloyd’s market
• Strong working knowledge of Lloyd’s regulatory reporting requirements including QMA, QMB, RRQ and Syndicate Accounts
• Proven experience in syndicate financial control, including month-end close processes, ledger reconciliations, investment accounting and RITC transactions
• Advanced Excel skills and familiarity with Lloyd’s software and general ledger systems
• Up-to-date understanding of UK GAAP, IFRS and regulatory frameworks relevant to Lloyd’s
• Extensive experience working cross-functionally with underwriting, actuarial, risk and finance teams
• Strong verbal and written communication skills, with the ability to engage confidently with stakeholders of all seniority levels
• A proactive mindset toward improving reporting processes, automation, and financial controls
• Experience managing or mentoring a small team is desirable
• Familiarity with Oracle and TM1 is desirable, along with experience using Lloyd’s-specific systems such as LCA, Xchanging, iXBRL tagging and market data collection tools

Why QBE?

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back.

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation.

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.