Senior Syndicate Accountant
Senior Syndicate Accountant

Senior Syndicate Accountant

Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage syndicate financial reporting and ensure compliance with UK GAAP and Solvency II.
  • Company: Join a global specialty insurer known for its innovative approach in the insurance sector.
  • Benefits: Enjoy competitive pay, opportunities for professional growth, and a collaborative work environment.
  • Why this job: Be part of a dynamic team that values accuracy and innovation in financial reporting.
  • Qualifications: 7+ years in accounting, with 5+ years in a Lloyd’s managing agent; ACA/ACCA/CPA preferred.
  • Other info: Ideal for detail-oriented individuals who thrive in cross-functional teamwork.

The predicted salary is between 48000 - 72000 £ per year.

A global specialty insurer is looking for a Syndicate Accountant to join their growing team and play a key part in the financial reporting under UK GAAP and Solvency II. The Senior Syndicate Accountant is responsible for managing all aspects of syndicate financial reporting. This includes applying advanced technical accounting knowledge of insurance and reinsurance transactions, UK GAAP, and Solvency II/UK reporting standards. The role requires a strong understanding of the Lloyd’s direct settlement process and the ability to trace insurance transactions from underwriting systems through to the general ledger. The individual must be proficient in financial systems, capable of producing and interpreting complex financial data with accuracy, and able to build effective working relationships across Finance, Actuarial, Operations, Claims, Underwriting, and audit teams. All responsibilities must be carried out in compliance with regulatory requirements and internal standards.

Key Responsibilities:

  • Manage quarterly & annual Lloyd’s reporting (QMA, QSR/ASR, Flash, Solvency UK).
  • Prepare statutory accounts and regulatory returns across UK, US & Canada.
  • Provide financial analysis for senior stakeholders and Audit Committees.
  • Support audits, ensure compliance, and drive process improvements.

What You Bring:

  • 7+ years' experience in accounting, including 5+ in a Lloyd’s managing agent.
  • Deep understanding of Lloyd’s systems, reporting, and insurance accounting.
  • ACA/ACCA/CPA or equivalent qualification preferred.
  • Analytical, detail-focused, and confident working cross-functionally.

Senior Syndicate Accountant employer: Edenbrook

Join a leading global specialty insurer that values innovation and collaboration, offering a dynamic work environment in the heart of the financial district. As a Senior Syndicate Accountant, you will benefit from a culture that prioritises professional development, with ample opportunities for growth and advancement within the company. Enjoy competitive remuneration, comprehensive benefits, and the chance to work alongside industry experts in a supportive team atmosphere, all while contributing to meaningful financial reporting under UK GAAP and Solvency II.
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Contact Detail:

Edenbrook Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Syndicate Accountant

✨Tip Number 1

Familiarise yourself with the specific financial reporting requirements under UK GAAP and Solvency II. Understanding these standards will not only help you in interviews but also demonstrate your commitment to the role.

✨Tip Number 2

Network with professionals in the insurance and reinsurance sectors, especially those familiar with Lloyd’s managing agents. Building relationships can provide valuable insights and potentially lead to referrals.

✨Tip Number 3

Brush up on your technical accounting knowledge related to insurance transactions. Being able to discuss complex financial data confidently will set you apart during discussions with our team.

✨Tip Number 4

Prepare to showcase your experience in managing audits and compliance processes. Highlighting your ability to drive process improvements will resonate well with us as we look for someone who can enhance our financial reporting.

We think you need these skills to ace Senior Syndicate Accountant

Advanced Technical Accounting Knowledge
UK GAAP Proficiency
Solvency II Reporting Standards
Lloyd’s Direct Settlement Process Understanding
Financial Systems Proficiency
Complex Financial Data Interpretation
Stakeholder Management
Regulatory Compliance Knowledge
Statutory Accounts Preparation
Financial Analysis Skills
Audit Support and Compliance
Process Improvement Skills
Attention to Detail
Cross-Functional Collaboration
ACA/ACCA/CPA Qualification

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Syndicate Accountant. Familiarise yourself with UK GAAP, Solvency II, and the Lloyd’s direct settlement process to tailor your application accordingly.

Highlight Relevant Experience: In your CV and cover letter, emphasise your 7+ years of accounting experience, particularly your 5+ years in a Lloyd’s managing agent. Be specific about your achievements and how they relate to the key responsibilities outlined in the job description.

Showcase Technical Skills: Demonstrate your advanced technical accounting knowledge by providing examples of complex financial data you have managed. Mention any relevant financial systems you are proficient in and how you have used them to improve reporting accuracy.

Craft a Compelling Cover Letter: Write a tailored cover letter that connects your skills and experiences to the requirements of the role. Discuss your ability to build relationships across various teams and your commitment to compliance and process improvements.

How to prepare for a job interview at Edenbrook

✨Showcase Your Technical Knowledge

Make sure to highlight your advanced technical accounting knowledge, especially regarding UK GAAP and Solvency II. Be prepared to discuss specific examples of how you've applied this knowledge in previous roles, particularly in relation to insurance and reinsurance transactions.

✨Demonstrate Your Understanding of Lloyd’s Processes

Since the role requires a strong understanding of the Lloyd’s direct settlement process, be ready to explain how you have navigated this in past positions. Discuss any relevant experiences that showcase your ability to trace insurance transactions from underwriting systems to the general ledger.

✨Prepare for Financial Analysis Questions

Expect questions that assess your ability to produce and interpret complex financial data. Prepare to discuss how you've provided financial analysis for senior stakeholders and Audit Committees, and be ready to share specific outcomes from your analyses.

✨Emphasise Cross-Functional Collaboration

This role involves working closely with various teams such as Finance, Actuarial, and Underwriting. Be prepared to share examples of how you've built effective working relationships across different departments and how this has contributed to successful project outcomes.

Senior Syndicate Accountant
Edenbrook
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  • Senior Syndicate Accountant

    Full-Time
    48000 - 72000 £ / year (est.)
  • E

    Edenbrook

    50-100
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