Company:

The company is a specialty provider of property and casualty insurance and reinsurance, established in March 2017.

The company’s core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market.  In addition, the company is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Through its operating subsidiaries, the company underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk, and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, they recognise that their success is derived directly from those who matter most: their people.  The company’s headquarters are in Bermuda and they currently have offices in the United States, the United Kingdom, Continental Europe, and Asia.  At the company, a shared commitment to integrity, teamwork, agility, execution, and excellence defines their culture, and they strive to create exceptional value for their clients and shareholders and maintain the organisation as a desirable place to work.

This position will have an emphasis on the organisation’s London insurance operations, which include two insurance regulated company’s and a Lloyd’s syndicate.  The focus will be on the production of the Lloyd’s reporting and operational support given the Group’s decision to exit the Lloyd’s market & cease writing business in 2021. There is some uncertainty around timing of the change of control of the Lloyds business (as this is still subject to PRA approval).  In the event that the change of control is received before year end, it is likely that some of the Lloyd’s reporting work will fall away & in this situation the work covered by this individual may be more focused on supporting the transition as well as assistance on other Solvency II work for the UK & EEA Companies.

 

Primary Responsibilities:
  • Assist in the preparation and analysis of Annual & Quarterly Lloyd’s and Regulatory Reporting for the Syndicate reporting to the Head of Syndicate Reporting
  • Critically analysing the data in all Lloyd’s Returns prior to submission – by raising queries and incorporating appropriate responses within the accompanying commentary – to pre-empt questions from Lloyd’s and members’ agents
  • Assist in the production and finalisation of year-end Statutory Accounts for various entities including liaison with various departments to obtain required information for completion
  • Provide support to internal & external audit to include provision of information on processes and procedures, and address queries as they arise
  • Collaboration and communication with other Finance functions (Tax, Technical Accounting, Financial Accounting, Corporate Controllership) and other departments (Actuarial, Claims, Operations, FP&A) to assist in continuous enhancement of reporting processes
  • Assist in the production of quarterly Board Reporting for the Syndicate and provide analytical review of the quarterly performance to Senior Management
  • Contribute to the clean-up of system data for the syndicate & provide ongoing support to Operations/Finance to ensure issues do not re-occur and appropriate controls are built to monitor problems
  • Document and maintain adequate procedures and controls
  • Provide cover within the wider finance team
  • Review of brokers’/coverholders’ financial statements to make sure they pass the company’s requirements.
  • Ad hoc projects as required

 

Key Skills and attributes:
  • Experience of SAP general ledger or equivalent ledger system
  • Strong Excel skills
  • Knowledge of Lloyd’s software & reporting advantageous
  • Good communication skills
  • Proven ability to learn quickly
  • Forward thinker and somebody with initiative to develop and improve current processes
  • Self-starter with good organisational skills and ambition to develop within the Finance department
  • Fully qualified or Part qualified Accountant (CIMA/ACA/ACCA/AAT)

 

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