Syndicate Accounting Contractor

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

Job summary

A leading global insurance provider, Everest Insurance, is seeking a Syndicate Accounting Contractor in London. The role demands expertise in financial accounting and control within the Lloyd's market, assisting in regulatory reporting and general ledger activities. The ideal candidate will have a strong educational background in accounting and relevant qualifications. This position offers a diverse range of responsibilities, emphasizing process improvement and interdepartmental collaboration.

Benefits

Flexible work arrangements

Professional development opportunities

Tuition reimbursement programs

Qualifications

• Bachelor's degree in accounting, Finance, or a related field required.
• Knowledge of Lloyd's market and regulatory reporting essential.
• Experience with accounting and financial control principles is a must.

Responsibilities

• Assist in the general ledger close for Group reporting under US GAAP and local UK GAAP.
• Identify opportunities to improve existing accounting and reporting processes.
• Liaise with other departments to support financial processes.

Skills

Attention to detail

Communication skills

Knowledge of Lloyd's market

Education

Bachelor's degree in accounting or Finance

Qualified accountant (ACA, ACCA, CIMA)

Tools

Microsoft Office

Oracle ERP

PeopleSoft

Job description

Title:
Syndicate Accounting Contractor

Company:
Everest Advisors (Uk), Ltd.

Job Category:
Contingent Workers

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

Everest (re Syndicate 2786) is seeking a highly skilled and experienced Senior Syndicate Accountant to join our team as a contractor. This role will sit in the Syndicate Accounting team and assist the team in their responsibility for ensuring the accurate and timely completion of syndicate group and regulatory reporting requirements, including those of the related legal entities (the Service Company, Corporate Member and, once approved, the Managing Agent). The ideal candidate will possess a strong understanding of Lloyd's syndicate operations, regulatory reporting, and financial accounting and control principles.

Role & Responsibilities (include but not limited to):

• Assist in the general ledger close of the Syndicate and related legal entities for Group reporting under US GAAP and local reporting under UK GAAP, including transactional processing (invoices, bank and inter-company activity) and general ledger journal posting (manual and interfaced).
• Identify opportunities to improve existing accounting and reporting processes. Implementing best practices to enhance efficiency and accuracy.
• Maintain, and strengthen where required, controls over the general ledger account balances, including accurate recording of balances between years of account and classes of business, timely reconciliation of bank accounts, technical accounts and other balance sheet accounts.
• Support the Everest Managing Agency project - building out the reporting capabilities in the run up to go-live, provide ad-hoc support to the Syndicate Finance Reporting team during the transition of reporting activities from the outgoing managing agent.
• Liaise with other departments (e.g. IT, Underwriting, Claims, Credit Control and Reinsurance) as required to support change activities and financial processes.
• Assist with the implementation of the XLPro interface of the Syndicate's ceded results into the general ledger, including the creation and running of controls and the posting of assumed results into the ledger of Group affiliate reinsurers. Assist with other ad-hoc projects as required.
• Support the analysis, planning and reporting activities of other Finance departments (FP&A, tax, actuarial and reporting), Treasury and Group head office.
• Engage in the audit of the syndicate and related entities including liaison with internal and external auditors, providing necessary documentation, analysis and explanations as required.
• Provide support to other members of the finance and syndicate reporting teams.

Qualifications:

• Bachelor's degree in accounting, Finance, or a related field. Qualified accountant (ACA, ACCA, CIMA, or equivalent) preferred.

Knowledge, Skills & Competencies:

• Excellent knowledge of the Lloyd's market, including the Xchanging and LCA processes.
• Knowledge and understanding of the financial and regulatory landscape, core market returns (CMR), market data collection (MDC) and reporting forms required by Lloyd's (and FCA/PRA where equivalent).
• Experience of working with underwriting and claims teams along with the policy and claims administration systems used.
• Strong attention to detail and accuracy.
• Proficiency in Microsoft Office.
• Good communication skills, ability to interact at all levels.
• Ability to work independently and as part of a team.
• Experience with Oracle ERP. PeopleSoft is a plus.

What if I don't meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type:
Agency Consultant

Time Type:
Full time

Primary Location:
London

Additional Locations:

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