The Finance Systems Accountant will:

• Maintain, with assistance of IT where required, all Financial systems;
• Have responsibility for ensuring the financial systems reporting process is working efficiently and effectively in a controlled environment with reconciliation & exception reporting to management;
• Be responsible for month- and quarter-end timetable for team;
• Be point of contact for queries.

Main Responsibilities:

• Control of the integrity of the data in the Finance Cube by:

–   Having ownership of BAU syndicate data warehouse providing support to senior management as required

–   Understand how the data flows through the systems used by Syndicate Finance

–   Review and query exception reports which monitor data flows

–   Understand the adjustments entered by both Finance and Actuaries effecting the Finance Cube

• Attend and monitor month- and quarter-end timetables and tasks for the team
• Be point of contact for issues/concerns with data warehouse and assist MI & Reconciliation Accountants answering questions regarding MI reporting and detailed QMA/QMB forms
• Review and sign-off of all reconciliations relating to the monthly and quarterly reporting
• Maintain expense account codes and subclass splits and SBF brokerage percentages within the warehouse
• Support Sun and be a super-user
• Administrator on electronic banking

Required Skills & Experience:

• Qualified Accountant.
• Good Excel skills – must be able understand and troubleshoot macros.
• Good interrogation & reconciliation skills.
• Numerate and IT Literate.
• Lloyd’s Syndicate Insurance background preferred.
• SAGE Business Intelligence or similar an advantage

Personal Qualities:

• Enthusiastic and positive attitude.
• Ability to meet deadlines and work under pressure.
• Good communication skills
• Ability to work within a team and manage the team
• Quick to learn new systems

Approach work in a methodical manner

Principal Duties and Responsibilities

 Regulatory Reporting

• Development of SII Regulatory Reporting Systems
• Development of new systems to comply with IFRS regime and any new regulatory requirements
• Responsible for completion/submission of annual and quarterly Solvency II Regulatory qualitative and quantitative templates to Lloyd’s.
• Responsible for completion/submission of the Technical Provisions Data Return (TPD) to Lloyd’s.
• Responsible for completion/submission of the Gross Quarterly Data Return (GQD) to Lloyd’s.
• Provision of Premiums/ RI premiums/Committed premiums/Solvency II premiums adjustment/ULAE to Solvency II Actuaries.
• Maintain procedures and processes surrounding all Solvency II Technical Provisions data together with data directory documentation and compliance
• Maintain procedures and processes surrounding Supervisory Reporting
• Embed new Solvency II Reporting Systems within Business as Usual (BAU).
• Assist  in the development of new warehouse project and development of reporting cube
• Completion and  development of the standard formula
• Review and assist Treasury with the Lloyd’s Segmented Asset (LIM) return
•  Assume responsibility for maintenance and upkeep of the Solvency II timetable.
• Liaise with the Solvency II Actuaries and Reserving Team.
• Document back-testing of premium assumption and develop and carry out test plans.
• Attend Lloyd’s workshops and keep up-to-date with Solvency II developments
• Provide data input into  Internal Model and review outputs (projected balance sheets).

Solvency II (Bermuda)

• Responsible for completion of Bermuda Monetary Authority (BMA) returns and liaising with Group Capital team.
• Development of systems to automate BMA Reporting.

 Qualifications

• ACA/ACCA
• Insurance experience
• Good systems skills (Excel, Powerpivot (desirable))
• Good understanding of data warehouses and underwriting systems
• Proactive/ability to communicate with other departments