Syndicate Accountant

Polo; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid working

Private health insurance

Life assurance

Pension contributions

EV leasing scheme

Employee volunteering days

Job summary

Polo Managing Agency in London is seeking a Syndicate Accountant to lead day-to-day finance for the syndicates, reporting to the Syndicate Financial Controller. You will ensure robust controls, accurate regulatory reporting, and close collaboration with clients and stakeholders.

The role requires a solid Lloyd's syndicate background, experience with Lloyd’s returns (QMA Delta, QMB, Flash, Y&R), and a proactive, detail-oriented approach.

Qualifications

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

Responsibilities

• Review bookkeeping entries and controls by the outsourced provider.
• Prepare/Review syndicate management accounts and balance sheet reconciliations.
• Prepare/Review Lloyd’s returns (QMA Delta, QMB, Flash, Interim, YR end).
• Prepare/Review Solvency UK returns and overseas reporting.
• Assist with annual report production and management information.
• Liaise with Auditors and respond to client queries.

Skills

Excel

Organizational skills

Attention to detail

Analytical

Teamwork

Communication

Problem solving

Integrity

Education

Qualified accountant

Tools

Microsoft Excel

Job description

Syndicate Accountant

Department: Managing Agency

Employment Type: Permanent

Location: London

Reporting To: Syndicate Financial Controller

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.

Description

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

• competitive salary
• discretionary annual bonus
• minimum 26 days of annual leave (with the option to buy more)
• flexible, hybrid working
• private health insurance
• life assurance
• income protection
• enhanced pension contributions
• occupational maternity and paternity pay
• 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
• regular sports and social events

Benefits Band 3