Salary : £55,000 - £65,000
Location: London
Type: Permanent
Reference: 1411/SYND/RM

 

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.

Role description

 Assist the Finance Manager, Finance Director and Active Underwriter in all aspects of Lloyd’s accounting and reporting.

 Key responsibilities

 Lloyd’s reporting 

  • Preparation for review of the following Lloyd’s returns; QMA, QMB, SBF, SRD, LDTF, SPTF, NAIC, TRIA (with the assistance of an assistant syndicate accountant)
  • Review of the following returns prepared by the assistant syndicate accountant; PMD, Canadian reporting and US reporting
  • Preparation of the management review packs for key Lloyd’s returns
  • Contribute to the successful completion of audit assignments

 Statutory accounts 

  • Review of the Syndicate primary statements and notes drafted by the assistant syndicate accountant for the following entities; Syndicate, Managing Agency and Corporate Member

 Agency reporting 

  • Review of agency returns prepared by the assistant syndicate accountant including the QF1 and AF1
  • Preparation of agency budgets for inclusion in the QF1

 General ledger

  • Preparation and/or review of key balance sheet reconciliations including; premium debtors, investments, cash, overseas deposits, bureau balances, intercompany balances and claims advances
  • Maintenance of Syndicate ledger, with specific responsibility for the following items:
- claims handling provision
- reallocation of expenses to acquisition costs
- DAC allocations to underwriting year
- reallocation of unrealized investment gains/losses
- accruals for ceded premiums
- reinsurance bad debt riesco
  • Calculation and accounting of Lloyd’s division intragroup quota share arrangements
  • Accounting and reporting of Funds in Syndicate capital arrangements, including interest charges and allocation of investment return

 Group reporting

  • Preparation of a currency balance sheet for the Lloyd’s division
  • Preparation and review of the intragroup quota share packs

 Projects Assist in the successful completion of the following projects: 

  • Direct reporting for service company underwriting
  • Gross quarterly data reporting
  • Playback reporting
  • Clarity implementation (group reporting package)

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