Reporting Accountant - Insurance Market

Massenhove Recruitment Limited
London, UK
24 May 2019
21 Jun 2019
Contract Type
Full Time
Reporting Accountant - Insurance Market

Job market - Accountancy - Part Qualified

Reporting Account - About the role

Working within the Finance Department of a UK Group of Lloyd's Insurance Market companies the role will be responsible for the preparation of internal and external reports of the department, 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, SII, US Reporting, Canadian Reporting, statutory accounts, amongst others

Carrying out necessary liaison with parties involved in the process, in particular within the Finance area, to ensure the end result is delivered in the timeframe and standard required

Assist with 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

Assist with 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 and ensuring that they are produced in accordance with the relevant timetables, ensuring that there is enough time for a proper management review and understanding of the figures

Development of diagnostics and continuous interaction with underwriters and actuaries in order to develop the understanding of the figures

Maintaining the sound system of internal controls, including where appropriate SOX controls

Liaising with third parties involved in the production of financial data (e.g. actuaries, underwriters, other areas of Finance, in order to ensure that the Department counts on all the resources (time, quality of data, etc) needed for a proper review and analysis

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

Responsible for the development of process improvements in order to ensure efficient and accurate production of data

Responsible for the documentation of procedures affecting the areas under supervision

Active participation on various other projects

Reporting Accountant - Key requirements

Exposure to the Lloyd's market as an accountant or an auditor Desirable

Experience with live Syndicates

Exposure to a SOx environment

Working knowledge of Lloyd's accounting and reporting rules, UK GAAP, Companies Act

Advanced experience of using Excel

Advanced report writing skills

Very good verbal communication Desirable

Exposure to insurance accounting standards

Knowledge of IFRS

Knowledge of Lloyd's software

Part qualification in accounting

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