At a Glance
- Tasks: Support syndicate financial reporting and improve reporting systems with automation.
- Company: Specialist Lloyd’s market insurer focused on financial controls and technology.
- Benefits: Competitive salary, opportunity to enhance skills in a dynamic environment.
- Other info: Great chance for career growth and to work with innovative tools like AI.
- Why this job: Make a real impact in financial reporting while working with cutting-edge technology.
- Qualifications: Professional accountancy qualification and strong experience in syndicate financial reporting.
The predicted salary is between 100000 - 110000 £ per year.
Job Title
Syndicate Finance (6-month Fixed Term Contractor)
Location
London
Salary Range
£100,000 - £110,000
Type
- 6-month Fixed-term contract
- Overview
An opportunity for an experienced, qualified accountant to support syndicate financial reporting within a Lloyd’s market insurer.
The role combines year-end accounts preparation, technical accounting and balance sheet reviews with opportunities to improve reporting systems, strengthen controls and introduce automation.
Key Responsibilities
- Support year-end reporting, including preparation and coordination of managing agent reports, disclosures of interests, annual accounts and underwriting accounts.
- Set up annual reporting in WDesk, roll forward comparative information and support Schedule 3 reporting and accounts consolidation.
- Review reporting documents for accuracy, completeness and consistency across syndicates.
- Review balance sheet reconciliations, strengthening supporting evidence and documentation for insurance and reinsurance debtors and creditors, control accounts, outstanding claims, IBNR reserves and loss portfolio transfers.
- Document the purpose, preparation process and minimum supporting evidence required for each reconciliation.
- Assess the unallocated loss adjustment expense (ULAE) provision and prepare a technical accounting paper supporting the calculation and assumptions.
- Prepare year-end overseas regulatory reporting workings, including F&P and NAIC requirements, and establish robust processes for new reporting obligations.
- Review and improve existing reporting processes, introducing clear documentation and appropriate controls.
- Review and streamline finance inputs into Standard Formula calculations.
- Transfer Board and Audit Committee reporting schedules and papers from Power Point into WDesk.
- Identify opportunities to improve efficiency through automation and tools such as AI and Copilot.
- ???????Ensure work complies with relevant accounting standards, regulatory requirements and internal policies.
What We're Looking For
- A professional accountancy qualification.
- Strong experience in syndicate financial reporting, with knowledge of Lloyd’s systems, reporting requirements and the business written by syndicates.
- In-depth technical knowledge of insurance and reinsurance accounting.
- Strong knowledge of UK GAAP and Solvency II / Solvency UK reporting requirements.
- A detailed understanding of the Lloyd’s direct settlement process.
- Ability to trace insurance transactions from underwriting systems through to the general ledger.
- Confidence working with financial systems, complex reconciliations and technical accounting matters.
- Strong analytical skills, numeracy and attention to detail.
- Excellent process documentation and communication skills.
- Ability to coordinate reporting requirements with stakeholders and deliver accurate work within reporting deadlines.
Desirable but Not Essential
- Experience using the Phinsys suite.
- Experience with WDesk or a similar financial reporting platform.
- Familiarity with AI and Copilot tools to support reporting, documentation and process improvement.
About the Company
A specialist Lloyd’s market insurer seeking additional expertise to support syndicate financial reporting.
The business is focused on strengthening financial controls, improving reporting processes and making effective use of technology and automation.
Syndicate Finance (6-month Fixed Term Contractor) in London employer: ACINRecruit
As a Senior Financial Planning & Analysis Analyst at our London-based firm, you will thrive in a dynamic and collaborative environment that prioritises professional growth and development. We offer a competitive salary, flexible hybrid working arrangements, and a strong commitment to modernising financial processes, ensuring you have the tools and support needed to make a meaningful impact on our transformation journey.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Finance (6-month Fixed Term Contractor) in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like ACINRecruit.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like ACINRecruit might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Syndicate Finance (6-month Fixed Term Contractor) in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at ACINRecruit will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at ACINRecruit. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give ACINRecruit confidence in your short-term commitment to the role.
How to prepare for a job interview at ACINRecruit
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with ACINRecruit.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure ACINRecruit that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
