Reports to: Syndicate Finance Manager

Department: Finance

Direct Reports: None

 

Job Purpose Summary:

  • Responsible for certain aspects of the financial accounting, reporting and internal controls for the company’s Syndicate/(s) and the company’s business units. Involvement in enhancing the efficiency and effectiveness of existing reporting practices as well as creating, developing, and documenting new practices.
  • To support the book-keeping, recording of transactions, and related tasks in support of the Syndicate Finance Manager, whilst building the knowledge and experience to be able to take on further responsibility for further accounting tasks.

 

Key Responsibilities:
  • Working alongside the Syndicate Finance Manager, the company’s business units to help deliver regulatory, statutory, and management reporting of the Syndicate’s financial performance.
  • Establishing oneself as a key stakeholder in the interaction process.
  • Gaining a detailed understanding of the “as at” process whilst documenting the “to be” process through the transition of the Syndicate Finance function to the company.
  • Maintain accounting records for syndicate/(s) including underwriting journals and assisting in the preparation of the trial balance.
  • Preparation of Lloyd’s returns (QMA, QMB, QSR, QAD, ASR, AAD, Overseas regulatory returns, Syndicate tax returns).
  • Preparation of Syndicate Annual and Underwriting Accounts.
  • To reconcile monthly control accounts and prepare quarterly audit file for all processes and controls.
  • Liaise with auditors and external clients as necessary.
  • Provide ad hoc support to other members of the company’s finance team as directed.
  • Support the team in delivering to its timetable.

 

Key technical skills
  • Good grasp of fundamental accounting principles including accounting for technical insurance transactions.
  • Familiarity and experience of Lloyd’s returns
  • Sound knowledge of IT systems in use within the company’s accounting function – especially Excel, Vision, Sun Accounts.

 

Risk Management
  • Accountable for the effective management of owned controls. Perform these controls with the help of the company’s Syndicate finance team.
  • Work with the company’s Syndicate finance team to understand the key risks within Finance, manage the processes and controls to mitigate these risks.

 

Competencies
  • Ability to produce consistently accurate work to tight deadlines, with a strong eye for detail.
  • Ability to progress issues on own initiative, but sufficient judgement to know when to refer to senior members of the team.
  • Ability to work in an orderly and well organised fashion.
  • Willingness to learn and put in extra effort when circumstances require.
  • Good communication skills both verbally and in writing.
  • Team player, with a positive ‘can do’ attitude.

 

This job profile gives only outline duties.  However, in an organisation such as this, it is inevitable that tasks may arise which do not fall within the list of key tasks.  Individuals are therefore required to be flexible in their approach and attitude when tasks arise which are not specifically covered in their job profile.

 

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