Successful City Based US Insurance Company requires a Qualified Accountant with Insurance experience to join their growing Finance team.

• Prepare the annual and quarterly Solvency II Pillar 3 returns.
• Assist in the preparation of reinsurance returns (combined with Pillar 3 reporting).
• Work as part of the team to meet all external reporting obligations.
• Work with the actuarial department over the Standard formula calculations for each entity.
• Have the ability to build on a data store working with IT to capture all Pillar 3 data requirements and aid reporting processes to become more efficient.
• Keep up to date with any changes in reporting requirements arising from regulatory or business expansion.
• Ensure ready for 2017 reporting, including annual Pillar 3 reporting.

 Candidates should be Qualified with Insurance experience and Solvency II.

Job Description

Job Purpose:

Assisting with production of all Lloyd’s, PRA and other external reporting requirements

Key Responsibilities:

• Completion of syndicate Quarterly Monitoring Returns (A) & (B) so that business complies with Lloyd’s of London requirements
• To assist in the preparation of the Insurance PRA Returns for (UK Branch).
• NAIC reporting to Group, specifically completion of Schedule F Part 1 and T to be consolidated into Group return.
• Assist in the preparation of Solvency II reporting requirements for the syndicate including QMC, TPD, GQD, QAD and AAD
• Ensure all UK GAAP ledger entries relating to the syndicate are complete so that external reporting requirements can be met
• Run and update syndicate reporting packs on a quarterly basis so that the quarterly returns can be completed
• Assist with the analysis of profit and loss and balance sheet variances for syndicates
• Complete quarterly syndicate UK GAAP and US GAAP reconciliations and all other reconciliations
• Prepare audit files and liaise with external auditors so that the year-end and half-year audit for the Syndicate is successfully completed
• Liaise with the investment management team in the US , and investment managers to ensure that investment data is complete and available for syndicate reporting purposes
• Provide the Legal Entity reporting team with syndicate data so that Syndicate Annual Reports and Accounts can be completed accurately and in a timely manner
• Preparation of Syndicate Information Statements (SIS) in respect of US tax requirements
• Assist with the completion and submission of other annual returns such as TRIA and NAIC IID returns to comply with Lloyd’s of London requirements.
• Assist with queries from Lloyd’s, management, actuaries etc
• Review and update syndicate accounting processes.
• Other duties include liaising with internal audit and actuaries, providing data to management, and ad-hoc duties such as involvement in projects including the Solvency II project.

Job Requirements

Skills and Experience Specification:

• Knowledge of the insurance industry specifically within a finance department
• Strong experience of Lloyds accounting (3-5 years)
• Accounting qualification or part qualification
• Strong organisational and analytical skills
• Confident in MS Word and Excel

• Good communications skills
• Professional approach and delivery of work product
• Ability to multi-task and meet critical deadlines
• Knowledge of PeopleSoft desirable but not essential
• Professional, positive attitude, reliable, team player, adaptable, committed, self-motivated