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Job

Syndicate Accountant

  • Location

    City of London, London

  • Sector:

    Banking & Capital Markets

  • Job type:

    Permanent

  • Salary:

    £55000 - £65000 per annum

  • Contact:

    Cormac Doyle

  • Contact email:

    Cormac.Doyle@markssattin.com

  • Job ref:

    COD16889548_1526490190

  • Published:

    9 days ago

  • Expiry date:

    13-06-2018

  • Client:

    Marks Sattin

Syndicate Accountant

Responsible for certain aspects of the financial accounting, internal controls, budgeting and financial reporting for the Syndicate and the company's broader Lloyd's business unit. Responsible for managing projects to enhance the efficiency and effectiveness of reporting requirements and in an increasingly complex environment. Responsible for supporting the development of financial performance and analysis function.

The role will have close interaction across multiple function areas of the business and work with the wider finance team to add value across relevant business areas and support senior and executive management decision making. The role provides exposure to the overall business within the fast-growing Syndicate and Lloyd's business unit and opportunities for progression within a dynamic team.

RESPONSIBILITIES INCLUDE:

Technical Accounting

  • Prepare timely and accurate financial reporting, both for management information and statutory purposes in accordance with required GAAP/standards
  • Complete aspects of the monthly close, including reporting to Bermuda Parent in compliance with US GAAP
  • Ensure appropriate quality control processes exist and are followed for preparation and submission of financial reports/returns
  • Work closely with Operations Team to ensure accuracy of transactions and financial disclosure
  • Support the continued enhancement and on-going development of the Reinsurance Accounting Platform (SICS) ensuring that all Finance needs are met

Financial Performance and Analysis

  • Prepare financial analysis and performance reports
  • Prepare budgets and other financial plans for management information, corporate entities, third parties
  • Engage with miscellaneous project work and provide general assistance to the Finance Department and other functional areas as necessary

Regulatory Reporting

  • Prepare various Lloyd's and regulatory returns including Quarterly Monitoring Return, Quarterly Reporting Templates, US and Canadian trading, etc.
  • Develop and maintain policies and procedures to ensure appropriate financial and internal controls are in place, including compliance with Section 404 of the Sarbanes-Oxley Act of 2002
  • Liaise with internal and external auditors

QUALIFICATIONS, SKILLS & EXPERIENCE:

  • ACA qualified
  • 2 years post qualified experience (preferred but not essential)
  • Big 4 audit practice experience
  • Strong Excel skills essential
  • Strong experience with Lloyd's market (Managing Agency/Syndicate),(re)insurance industry, including experience with regulatory reporting
  • Strong knowledge of US/UK GAAP, incorporating SEC and SOX experience
  • Strong working knowledge of general ledger systems and policy administration/accounting systems (preferred)
  • Proven problem solving and analytical skills
  • Proven ability to prioritise work load and meet deadlines
  • Ability to work on own initiative and complete work in a methodical, thorough and organised manner
  • Be an efficient and effective team member and participate fully to achieve team goals
  • Excellent numerical skills and keen attention to detail