Assistant Syndicate Accountant

Location London
Discipline: Finance & Strategy
Job type: Permanent
Contact email: george@weareedenbrook.com
Job ref: J4901
Published: about 1 month ago
New opportunity with an international specialist insurer reporting directly into the Syndicate Accountant. The successful candidate will be responsible for the production, maintenance, reconciliation, and analysis of the accounting ledger for the three managed Lloyd’s syndicates, managing agent and corporate member. You will be involved in supporting the team in required financial analytics and assisting in internal and external reporting for syndicates. Additionally, you will also be involved in some key Finance projects such as IFRS 17 and other ad hoc projects when required. You will work closely with different areas of the business such as Regulatory Reporting, Solvency II, Actuarial, Claims, Group Finance, Treasury, and Investments, as well as all business units using syndicate capacity. Responsibilities & Accountabilities • Assist with the production of the three Syndicate accounting ledgers, the ledger for the managing Agent and corporate member, through to the month end, quarter end and year end GL Close. • Ensure the internal deadlines for group financial reporting schedules are met and queries answered in a timely Manner. • Ensuring all balance sheet reconciliations are prepared and required follow-up steps are taken for resolving the differences if any. • Ensure the BS analytics are performed to good quality and all key movements are explained appropriately. • Assisting in activities required for servicing internal and external reporting requirements. • Ensuring group accounting policies are adhered while performing the accounting and reconciliations. • Assist in providing Audit deliverables. • Build relationships with stakeholders in Group finance, Actuarial, Syndicate reporting, IT functions to improve the quality of information reported both internally within the group and externally to Lloyd’s. • Arranging Syndicate bank transfers in various currencies • Short/Medium term Cash flow forecasting • Identify areas for process improvement and follow through to implementation, resulting in a best-in-class Finance function. Core Competencies & Skills • Actively studying accounting qualification (ACCA, ACA, CIMA) • Educated to degree level. • Strong communications skills. • Have good working knowledge of Insurance Accounting, preferably Syndicate. • Advanced Excel skills • Previous experience in the Lloyds market would be advantageous