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- 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 54000 - 84000 £ 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.
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, particularly those with experience in Lloyd's managing agents. This can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Brush up on your technical accounting skills, especially related to insurance transactions. Being able to discuss complex financial data confidently will set you apart during discussions with hiring managers.
✨Tip Number 4
Prepare to showcase your experience in cross-functional collaboration. Highlight instances where you've worked effectively with teams across Finance, Actuarial, and Operations, as this is crucial for the role.
We think you need these skills to ace Senior Syndicate Accountant
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 effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 7+ years of accounting experience, particularly any roles related to Lloyd's managing agents. Be specific about your achievements in financial reporting and compliance.
Showcase Technical Skills: Detail your proficiency in financial systems and your ability to produce and interpret complex financial data. Mention any relevant software or tools you have used that align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of the company's needs. Discuss how your skills can contribute to their financial reporting and compliance goals.
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, Operations, and Claims. 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.
