Job Summary

Working within the Finance Department of a UK Group of Lloyd’s Insurance Market companies, and under the ownership of China Re Group. Sitting in the Finance Operations Team this position will assist with all aspects relating to the Finance Ledgers, including reviewing data input, production of ledger information, and ownership and completion of reconciliations.

The role will support the Syndicate Accounting Manager in running the finance close process (monthly and quarterly), activities include reviewing data input, liaising with underwriters and actuaries to ensure efficient and accurate accounting, and the production of ledger information, necessary for the production of management information and regulatory returns.

 

Main duties
  • The accounting of insurance technical and non-technical transactions in the relevant ledgers of the Syndicates, including handling all technical aspects affecting the syndicate ledgers.
  • All operational aspects of the production of ledgers, including the preparation of account reconciliations and analysis of balance sheet and profit & loss items.
  • Liaising with parties involved in the process, in particular within the Finance area, to ensure the end result is delivered in the timeframe and standards required.
  • Assisting in planning and production of reports and ensuring that they are produced in accordance with the relevant timetables, ensuring that there is sufficient time for management review and understanding of the figures.
  • Responsible for the following Accounting activities:

-Administration of ledgers kept in PeopleSoft.

-The preparation and maintenance of timetables and department resource planning.

-Handling of all technical aspects affecting the production of syndicate returns.

-Managing all operational aspects of the production of documents, in order to ensure the timely and accurate production of syndicate returns.

  • 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 and system enhancements, in order to ensure the efficient and accurate production of data.
  • Ability to manage your own time to ensure work is being completed in a productive order that will result in all deadlines being met.
  • Ability to recognise and foresee potential process blockers and prioritising work activities to mitigate the impact of such potential bottlenecks.
  • Proactive communication with line manager to flag issues noted in ledger output used in reconciliations.
  • Assisting when required with regulatory reporting activities, including factoring in late adjustments and liaising with queries.
  • Active participation on various ad-hoc projects.

 

Requirements

Relevant experience

Essential

    • Exposure to the Insurance Market as an accountant or auditor
    • Proven track record of working within a close cycle environment

Desirable

    • Understanding of multi-currency ledgers and the functions of revaluations
    • Basic understanding of the insurance industry
    • Experience with live Syndicates

 

Technical skills

Essential

    • Good understanding of fundamental accounting concepts
    • Good understanding of ledgers and trial balances
    • Advanced experience of using Excel
    • Ability to investigate variances and liaise with others to ensure timely resolution
    • Taking ownership of issues identified and be accountable for resolution
    • Preparation of clear and accurate workbooks to support journal postings
    • Good numerical reasoning skills

Desirable

    • Knowledge of PeopleSoft accounting package
    • Exposure to insurance accounting standards

 

Education & Experience

Essential

    • Studying towards/Qualified CIMA/ACCA/CA

 

Personal skills

    • Able to deliver results under tight deadlines, showing flexibility when required
    • Strong sense of accountability and ownership of the work assigned
    • Emphasis on quality of the outputs produced Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions
    • ‘Can do’ attitude and willing to take more responsibilities
    • Strong communication skills at every level within the organisation
    • Committed attitude to work and professional approach
    • Friendly and outgoing team player

 

About the company

The company is a leading insurance group at Lloyd’s, the world’s specialist insurance market. They help protect industries around the world from the risks they face. Their customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups.

Their headquarters are in London, and they have international offices in Bermuda, Copenhagen, Dubai, and Singapore to be closer to their clients across the world.

The company is committed to diversity, actively values difference, and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to their success as a business and integral to their winning strategy and culture. They recruit from the widest available pool of talent, and their hiring, assessment, and selection process is fair, free from bias, and one which ensures we select the right person for the job, based on merit. They are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

They are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

 

Galejay and all its clients are inclusive employers and prides itself on the main values of honesty and integrity. If you have these qualities and wish to apply, please send your CV to Gary Forster Managing Director, at gforster@galejay-recruitment.com