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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 salary, flexible working options, and opportunities for professional development.
- Why this job: Be part of a dynamic team that values collaboration and drives impactful financial decisions.
- 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 environments.
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
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 Lloyd’s market. Attend industry events or join relevant online forums to connect with current Syndicate Accountants. This can provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Brush up on your knowledge of the Lloyd’s direct settlement process. Being able to discuss this in detail during your conversations will set you apart as a candidate who truly understands the intricacies of the role.
✨Tip Number 4
Prepare to showcase your analytical skills by thinking of examples where you've successfully interpreted complex financial data. Be ready to discuss how you’ve used this information to drive improvements or support decision-making in previous roles.
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 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 produce accurate reports.
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 about financial analysis and reporting. Prepare to discuss how you've provided financial insights to senior stakeholders and Audit Committees. Bring examples of reports or analyses you've created that had a significant impact on decision-making.
✨Emphasise Cross-Functional Collaboration
This role involves working closely with various teams such as Finance, Actuarial, and Underwriting. Be ready to share examples of how you've built effective working relationships across departments and how this collaboration has led to successful outcomes in your previous roles.