New opportunity with a leading insurance company who are seeking an experienced Financial Controller to manage all financial reporting and regulatory compliance across the companies 2 Lloyd’s Syndicates. The successful candidate will lead a small team of Syndicate accountants, taking accountability for all Lloyds reporting including: QMA and QMB. As a Financial Controller you will play a key role maintaining the integrity of the financial results for our Syndicates.
Key responsibilities & Accountabilities
• Overall responsibility to ensure that Syndicate reporting is completed accurately and to meet regulatory deadlines both to Group and Lloyd's
• Other areas of review will include Solvency II returns including QSR, ASR, TPD and GQD, technical premiums, inwards and outwards RI premiums
• Manage the preparation of the annual statutory returns.
• Manage the production of all Lloyd's finance regulatory returns ensuring strong governance over the processes and adherence to Lloyd's minimum standards.
• Ensure reporting standards are met for the Company’s Syndicate.
• Ensuring effective controls are in place and being reviewed.
• To manage financial planning and control and statutory reporting process to maintain the integrity of the financial results and support continual profitable growth in line with the business plans for the Syndicates.
• Identify and maximize any opportunities to increase the profitability of the business through cost control and asset management
• Manage the preparation and production of financial reports/ accounts to ensure complete, timely and accurate delivery of information
• Support the external and internal audit process ensuring that all information is compiled and available for the audit process
• Manage and develop financial systems and procedures to meet current and anticipated future financial accounting and reporting in line with corporate and regulatory requirements.
• Build and maintain strong relationships with key internal and external stakeholders including the Actuaries, Operations and Front Office teams, together with banking and financial institutions, rating agencies, auditors and regulatory bodies
• Maintain regular communication with peers across the company, as appropriate to ensure consistency, transfer of knowledge and promotion of best practice
• Provide regular and ad hoc management information to support and inform decision making
• Continue to seek out improvements in system reporting and interpretation of results to enhance understanding of the financial results
• Manage and lead a team to ensure the overall output and quality of the service provided by the team meets customer expectations
• Motivate and develop the team so as to ensure the required standards of performance, and support the continuing personal and professional development of all team members
• Ensure all team members have up to date development plans and put in place a process for regular review to monitor progress against objectives
• Manage, develop and organize the team and ensure staff resource is appropriately allocated to fit business needs
• When vacancies arise, attract and recruit motivated and high quality staff to strengthen skills and abilities in the team and support employee retention
About You
• Strong Lloyd’s market experience
• CIMA/ACCA/ACA qualified
• Thorough knowledge of the current statutory, legal, regulatory requirements applying to Lloyd’s syndicates
