Syndicate Accountant

HFG; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player in the Lloyd's insurance market is seeking a Syndicate Accountant to enhance their finance team. This role is pivotal in preparing Lloyd's returns, producing financial reports, and monitoring liquidity. The ideal candidate will possess a strong understanding of Solvency II and Lloyd's reporting, along with relevant experience in the insurance sector. Join a rapidly growing team where your contributions will directly impact financial accuracy and compliance, and where your accounting expertise will be valued and developed. This is a fantastic opportunity for a qualified accountant looking to make a significant difference in a dynamic environment.

Qualifications

• Knowledge of Solvency II and Lloyd's reporting is essential.
• Previous experience in the insurance market is required.

Responsibilities

• Prepare Lloyd's returns and financial reporting.
• Monitor liquidity and improve cash flow forecasting.
• Maintain Syndicate and Group bank accounts.

Skills

Lloyd's reporting

Solvency II knowledge

Financial reporting

P&L reconciliation

Education

ACA qualification

ACCA qualification

CIMA qualification

Job description

A market leading Lloyd's insurance business are looking for a Syndicate Accountant to join their rapidly growing finance team.

The main responsibilities for this Syndicate Accountant position will be to:

• Preparation of Lloyd's returns including QMA, QMB and Solvency II reporting ensuring these are prepared in accordance with Lloyd's.
• Production of monthly and quarterly Syndicate financial reporting in accordance with established time tables.
• Responsible for the preparation of the monthly Syndicate P&L and balance sheet reconciliations.
• Monitoring the liquidity position of the Syndicate and improving the short-term cash flow forecasting.
• Maintenance of all Syndicate and Group bank accounts and mandates.
• Responsible for the preparation and reconciliation of technical journal entries relating to the Syndicate within documented deadlines.

The successful candidate for this Syndicate Accountant role will need to have knowledge of Solvency II or Lloyd's reporting and have previous experience working in the insurance market, ideally in the Lloyd's market. The candidate will also need to be either a fully qualified accountant or close to qualification (ACA/ACCA/CIMA).