Working within the Finance department of a listed group of companies operating within the insurance market. Working closely with the Syndicate Accountant in all aspects of Syndicate Accounting for live Syndicates, from reviewing all data input to liaising with underwriters and actuaries to ensure efficient and accurate accounting and the production of all ledger information necessary for the production of management information and regulatory returns.

 

 

Assisting the Syndicate Accountant in the accounting of insurance technical and non technical transactions in the relevant ledgers of Syndicates, including the handling of all technical aspects affecting the syndicate ledgers:

 

Transactions will include:

Signed data

AA accounting data, as reported by the actuaries

Brokerage adjustments

Bad debts, as calculated by the Reinsurance Department

Claims handling expenses

Acquisition of deferred acquisition expenses

Profit commissions

Managing agency fees

Foreign exchange affecting DAC and UPR

Cash calls and early distributions of profits

Review and reconciliation of Syndicate cash books and ledgers (including posting of journals).

 

Production of General ledger reports.

Supervision of Money market transactions.

Review and sign off of monthly bank reconciliations

Review and sign off all work produced in respect of the trial balance completion.

Production of Underwriting figures (reserve development) for distribution for internal reporting.

Production of Distribution data file.

 

Assisting the Syndicate accountant in the preparation of a quarterly management information pack for use of the Reporting team, including ledgers, evidence of reconciliations being performed across all the companies, reconciliations of certain key account balances or any information necessary for the production of Syndicate Annual returns, FSA returns, Solvency and Reserving data return, annual report & accounts, Distribution report & accounts, US Tax returns, Canadian tax returns, UK tax returns, and all the management information needed for Syndicate Business Forecast, ROCE, Expert reviews

 

Liaising with Auditors.

Deputising for Syndicate Accountant when appropriate

Projects

Any reasonable Ad-hoc duties.

 

Essential

Confident use of Excel to intermediate level

Basic level Word

 

Desirable

Knowledge of Lloyd’s software/web based returns.

 

 

Essential

GCSE English and Maths

 

Desirable

A ’level educated (particularly Maths or Accounts)

Lloyds’ Introductory Test (LIT)

Part Qualification in Accounting

Essential

Syndicate Accounting

 

Desirable

Experience of US Regulatory reporting

Experience with live Syndicates

 

Any specialist training will be given as required

 

Good organisational skills

Flexible and adaptable

Hard working

Ability to meet deadlines

Presentable