Overview

Reporting to the Chief Financial Officer (CFO), this role is responsible for overseeing all Lloyd’s, statutory, and group reporting, and HMRC tax filings, for the Lloyd’s syndicate, managing agency, corporate member, service company, and other related companies. This role manages both the syndicate and group reporting teams, and assists the CFO where necessary with all finance matters relating to the Lloyd’s business.

 

Key Responsibilities
  • Oversee preparation of all Lloyd’s finance returns including QSR, QAD, QMA, ASR, AAD, QF1, AF1 and others as they arise.
  • Oversee preparation of quarterly group reporting pack and related UK group consolidation and deal with related queries from group reporting team as they arise.
  • Oversee preparation of all relevant tax returns including corporation tax, VAT and Lloyd’s syndicate tax returns for UK, US, and Canadian tax.
  • Oversee preparation of UK statutory accounts for all companies in the Lloyd’s group and the UK holding company for the Europe group.
  • Act as the primary contact for the external auditor.
  • Assist the CFO with managing the Funds at Lloyd’s and related communication with Lloyd’s.
  • Oversee the monthly and quarterly financial close processes, and timetable, and ensure all material balance sheet accounts are reconciled on a regular basis.
  • Assist the CFO with the production of papers for boards and committees as required.
  • Manage the syndicate and group reporting teams and help the development of all team members.
  • Maintain a strong working relationship with the other finance managers and other organisation teams that interact with finance, including actuarial, reinsurance, claims, and underwriting management.
  • Assist the CFO with identifying potential areas for improvement within finance systems and processes and formulating and implementing suitable solutions.
  • Any other reasonable duties that fall under the remit of the role being performed.

 

Skills and Experience Profile

Essential

  • Experience of all major Lloyd’s syndicate and managing agency returns
  • Experience of group consolidation
  • Experience of subsidiary reporting to group holding company
  • Working knowledge of corporation tax and VAT filing requirements
  • Intermediate level Excel skills
  • Excellent people management skills
  • Excellent written and oral communication skills
  • Fully qualified accountant

Preferred

  • Experience of US GAAP reporting
  • Experience of SUN general ledger and/or EPM consolidation tool
  • Experience of Tandem data warehouse

 

Company’s Values
  • Disciplined “We are balanced and objective in taking business decisions”.
  • Expert “We use our specialisms, expertise and creativity to get things done.”
  • Innovative “We are entrepreneurial, we challenge, we embrace change, and we continually seek to improve the way we do business.”
  • Accountable “We are outcome focused and deliver on promises.”
  • Integrity “We are responsible and perform to our best with strong moral and ethical principles to do the right thing.”
  • Inclusive “We encourage participation and value all contributions.”
  • Collaborative “The act of working together, as one team for the greater business purpose/good.”

 

Individual Conduct Rules

Tier 1 – Individual Conduct Rules All employees are subject to the following Conduct Rules.

Rule 1 – You must act with integrity

Rule 2 – You must act with due skill, care and diligence

Rule 3 – You must be open and cooperative with the FCA, PRA and other regulators

Rule 4 – You must pay due regard to the interests of customers and treat them fairly

Rule 5 – You must observe proper standards of market conduct

Rule 6 – You must act to deliver good outcomes for retail customers

 

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