Syndicate Accountant

PoloWorks; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Hybrid working

Private health insurance

Life assurance

Income protection

Pension contributions

Maternity/Paternity pay

EV leasing scheme

Volunteer days

Job summary

Polo Managing Agency, part of PoloWorks, is recruiting a Syndicate Accountant in London. The role reports to the Syndicate Financial Controller and focuses on day-to-day finance for the syndicate function, with Lloyd’s returns experience essential.

The successful candidate will manage financial close, regulatory reporting, and internal controls, liaising with clients and external stakeholders to ensure robust processes and timely reporting.

Qualifications

• 2+ years of insurance industry experience in a syndicate reporting role or auditing Lloyd’s syndicates.
• Experience in dealing with change and process improvement.
• Qualified accountant.

Responsibilities

• Control the finance processes for allocated syndicates, including financial close, regulatory reporting and internal controls, liaising with clients and stakeholders.
• Review syndicate bookkeeping entries and controls performed by outsourced service provider.
• Prepare/review Syndicate management accounts and balance sheet reconciliations.
• Prepare/review Lloyd’s returns including QMA Delta, QMB, Flash, Interim and Year-end reports, and US/Canadian schedules.
• Assist with planning and production of Syndicate annual report and accounts.
• Prepare management information for Syndicate Management Committees and contribute to system development for syndicate reporting.

Skills

Microsoft Excel

Attention to detail

Analytical

Communication

Organization

Problem solving

Education

Qualified accountant

Job description

Description

Polo Managing Agency is a provider of outsourced managing agency services within the Lloyd's market. Due to business growth, a Syndicate Accountant role is available, reporting to the Syndicate Financial Controller ("SFC") and responsible for day-to-day activities of the syndicate finance function. You must have a solid syndicate background and have detailed Lloyd's returns experience.

Department

Managing Agency

Location

London

Key Responsibilities

• To control the finance processes for the allocated syndicates. This includes: financial management, financial close, regulatory reporting and internal controls, prior to review by the SFC . The role includes liaising closely with clients, plus internal and external stakeholders, to ensure robust processes are in place and the full range of finance tasks are completed to a good standard.
• Review syndicate bookkeeping entries and controls operated by the outsourced service provider (a Cheltenham based Polo service company).
• Prepare/Review Syndicate management accounts, including analytical review of results.
• Prepare/Review key balance sheet reconciliations.
• Prepare/Review Lloyd’s returns including QMA Delta, QMB, Flash, Interim and Year-end Report and Accounts (includes "tagging").
• Prepare/Review Solvency UK returns.
• Prepare/Review Overseas Reporting including schedules F&P, US and Canadian SIS.
• Assist with planning and production of Syndicate annual report and accounts.
• Prepare management information for Syndicate Management Committees.
• Contribute to the development of systems for syndicate reporting.
• Respond to client and internal queries as required, maintaining a high level of service throughout.
• Liaise with Auditors.
• Support project work, including new syndicate launches as required.

Skills, Knowledge And Expertise

• Must be highly proficient with the Microsoft applications, particularly Excel.
• Excellent organizational skills, ability to multi-task.
• Strong attention to detail.
• Highly analytical.
• Ability to work semi-independently and use own initiative to problem solve.
• Good teamworking.
• Ability to work under pressure and be flexible.
• Efficient, self-motivated.
• Good verbal and written communication skills.
• High levels of integrity and ability to lead on doing the right thing.

Demonstrates Behaviours Aligned To The PoloWorks PRIDE Values

• Pioneering – we don’t stand still
• Responsible – We do the right thing
• Inclusive – we all play a role
• Delivery Focused- we provide services we are proud of
• Empowering – we equip people to be their best

Knowledge & Qualifications

• 2+ years of insurance industry experience in a syndicate reporting role or auditing Lloyd’s syndicates
• Experience in dealing with change and process improvement
• Qualified accountant

Benefits

• As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
• You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.
• Benefits Band 3