Large City based Insurance Company require a Qualified Accountant to be responsible for the preparation of internal and external reports, including group company reporting, all Lloyd’s regulatory returns, associated management information and other project work.

The role will also include some aspects of Syndicate Accounting for live Syndicates, including reviewing data input, liaising with underwriters and actuaries for the production of management information and regulatory returns. The candidate will also prepare analytical tools and reports to support the information produced.

• Preparation of all outputs of syndicates, including QMA, QMB, QMC, SII, US Reporting, Canadian Reporting, FCA/PRA reporting, statutory accounts, amongst others.
• Carrying out necessary liaison with parties involved in the process, in particular within the Finance area.
• The accounting of insurance technical and non technical transactions in the relevant ledgers of the Syndicates, including the handling of all technical aspects affecting the syndicate ledgers.
• All operational aspects of the production of ledgers, including the preparation of account reconciliations and analysis of balance sheet and profit & loss items.
• Preparation of statutory accounts for group companies, including corporate members.
• Production of analytical tools and analytical memos supporting each one of the reports produced.
• Assisting in planning and production of reports.
• Liaising with internal and external auditors at the highest level and ensuring that all the information required is produced and the audits are completed on time.

Candidates should be Qualified with Exposure to the Lloyd’s Market as an Accountant or Auditor.

Lloyd’s accounting and reporting, UK GAAP / US GAAP, Companies Act. Advanced experience of using Excel.

Large City Based Insurance Company requires a Qualified Accountant to lead their Financial reporting across the Group.

Managing a team you will be responsible for production and review of annual report, interim statement and statutory accounts for all entities (in both UK and US).

Implementation of improved financial reporting systems and processes. Involvement in group wide projects – such as Solvency II, IFRS II and business related projects (new products / acquisitions etc).

Ownership and delivery of the Financial reporting timetable.

Monitoring of core controls such as balance sheet reconciliations across the business. Maintain and develop group accounting policies.

Accurate and timely financial MI to senior management. Accurate and timely regulatory reporting to relevant authorities. Tax reporting.

Candidates should be Qualified (ACA/ACCA/CIMA). Insurance knowledge required. Lloyd’s experience beneficial. Experienced in managing teams. Financial Reporting experience.

Successful London Market Insurance Company requires a Qualified Accountant to Manage the day to day operations of the Finance team. Including the management of staff, reporting activities and key controls within the department

Introducing process efficiencies and streamlining activities. Provide analytical insight on business performance to Board and senior management. Oversee the preparation of management accounts. Manage and review the quarterly and annual regulatory financial returns to Lloyd’s.

Ensure accurate and timely completion of various statutory and tax returns/filings

Embed the Solvency II pillar 3 reporting activities within the regulatory reporting cycles. Oversee the investments, banking, funding and cashflow positions. Contribute to the planning process for the business and department.

Candidates should be Qualified (CIMA/ACCA/ACA). Experienced in GAAP Accounting and Lloyds Reporting.

Overview

Annual and Quarterly Filing to the regulator for Solvency II for all entities. This will also involve assisting in the development of internal systems to efficiently produce pillar 3 reports as well as helping with the implementation and testing of Solvency II specific systems due to be introduced.

Overview of outsourced Gibraltar insurer accounting process including quarterly reconciliation between US GAAP and locally reported results.

Specific Responsibilities

• Assist in the development of solvency II infrastructure to meet the reporting requirements as efficiently as possible.
• Production of quarterly Solvency II returns.
• Production of annual Solvency II returns.
• Quarterly reconciliation on Gibraltar insurer to reconcile US GAAP result to locally reported result.
• Quarterly report on foreign exchange exposure including analysis of quarterly movements.
• Assist with branch reporting to Head Office, including detailed analysis of significant variances.
• Provide tax return data for international branches and manage tax ledgers.

Skills & Experience Required

• CIMA qualified accountant or finalist.
• Advanced Excel skills.
• Experience of Sun preferable.
• Strong analytical and review skills.
• Able to work on own initiative.
• Insurance/Reinsurance experience preferred.
• Strong communication and presentation skills.

 Manage the statutory and regulatory requirements for the Group Financial team.

Reporting to the Group Financial Controller.

 Duties and Responsibilities:

• Manage the statutory and regulatory requirements relating to all Group financial statements and regulatory reporting for the BMA.
• Manage the Group financial planning and forecasting processes.
• Prepare all Group finance board materials including detailed financial analysis and reporting.
• Manage financial close process on a monthly and quarterly basis.
• To be responsible for group consolidation.
• Manage a team of direct reports.

 Key Skills

• Good knowledge of US GAAP.
• Good understanding of financial controls and ability to manage a close process.
• Excellent communication skills with the ability to interact with a range of stakeholders.
• At least 4 years PQE and be ACA/ACCA/CIMA qualified.
• Experience working with senior management and Boards.
• High proficiency in the Microsoft Office Suite of applications, including advanced.
• Excel skills
• Must be able to lead effectively and work effectively both independently and with teams.

Part Qualified Accountant studying ACCA / CIMA with insurance experience required by market leading City based insurance company.

Principle responsibilities

• To process the month end technical accounting. Bookkeeping of premiums, claims, IBNR, commissions, and reinsurance.
• To assist design, develop and build mechanisms or loading data into the general ledger, with relevant controls
• To prepare and analyse monthly technical account reconciliations (e.g. GL to core systems) for audit and SOX purposes
• To assist in the preparation of financial results for US GAAP reporting to parent company
• To use, update and modify (where required) the systems/analysis tools/spreadsheets to extract data from underwriting and financial systems for regulatory and compliance returns in accordance with the relevant regulatory timetables.
• To produce and maintain monthly audit files company financial results, balances and key reconciliations
• Assist in production of company and related entity GAAP financial results and annual report.
• To assist in ad-hoc reporting requirements & project work

 Knowledge, skills and experience

• Commercial common sense and understanding of the insurance business
• Advanced Excel / Database skills to be able to build spreadsheets and systems that can manage and manipulate large volumes of data efficiently (V Look ups, Pivot Tables)
• Ability to analyse and self- audit any data, returns, forms, including liaison with underwriting teams to verify data.
• Ability to understand the bigger picture and visualise the end-to-end process of transactions through to reporting analysis
• Good communication skills, ability to interact at all levels within the business and fellow practitioners
• Good project management, prioritisation of tasks and time keeping skills
• Some exposure or knowledge of Statutory and Regulatory reporting (PRA, SII / Solvency II, US GAAP)
• Preferably A level maths qualification and pursuing an accountancy qualification, studying ACCA or CIMA

The primary responsibility of this role is to ensure that all technical accounting is produced in a timely, accurate and complete manner, together with the ability to quality control technical data through analytical review.  The role will involve liaising with the Offshore teams to ensure they are provided with sufficient information, support and training to enable them to complete their objectives.

The job holder will play a key role in appraising the Offshore finance team and technical accounting processes as well as defining deliverables required from other teams (including the actuaries).  The role will also be required to respond to and identify questions raised by the Financial Reporting and analysis team.

The role will additionally cover assisting other team members in completion of Lloyd’s returns – both UKGAAP and SII.

Our client, a Lloyd’s Syndicate, are looking to recruit a Corporate Accountant to join their City based team.

Reporting into the Financial Director this role will include:

•  Setting up of financial processes,
• Day to day accounting,
• Periodic management and statutory reporting and MI. 
• Maintenance of corporate treasury and purchase ledger process in co-ordination with current managing agency, who will continue to be the outsourced syndicate finance team.

This role will suit an individual with previous Tax and VAT experience, someone with partnership accounting experience and who has an understating of the insurance industry.  Preference for an ACCA / ACA / CIMA qualified accountant.