At a Glance
- Tasks: Prepare and review regulatory returns, manage cash, and improve reporting workflows.
- Company: Fast-growing legacy reinsurance specialist with a collaborative culture.
- Benefits: Flexible hybrid work structure and elite industry exposure.
- Other info: Opportunity for autonomy and career growth in a dynamic environment.
- Why this job: Join a top-tier business and make an impact in the Lloyd's market.
- Qualifications: Prior accounting experience in Lloyd's or London Insurance Market is essential.
The predicted salary is between 72000 - 88000 £ per year.
Sector: Legacy Insurance & Run-off Reinsurance
Important: This position strictly requires prior accounting experience within the Lloyd’s or London Insurance Market.
Candidates without direct experience preparing Lloyd's regulatory returns cannot be considered.
A leading, fast-growing legacy reinsurance specialist formed in 2020 is restructuring its London finance team.
We are seeking a highly technical Syndicate Accountant who can take immediate, independent ownership of our core regulatory reporting pipeline.
If you are a disciplined finance professional who thrives under tight regulatory deadlines and can manipulate complex insurance data with minimal supervision, this is an excellent time to join a top-tier business.
Your Technical Return Profile
To be successful in this role, your current experience must align with the following technical matrix:
Core Essentials (Required from Day One)
- QMA Returns: Complete, proven mastery of the quarterly QMA reporting process.
- Syndicate Report and Accounts: Direct experience preparing Syndicate Report and Accounts.
- SUK (QSR/ASR): Essential hands-on knowledge of Solvency UK Quarterly and Annual Summary Reporting.
- Flash Reports: Ability to independently compile and analyse flash data with minimal oversight.
Highly Valued (Essential to Strong Working Knowledge)
- Solvency UK Data: Prior exposure to SUK QAD/AAD and ASB data streams.
- US & Global Reporting: Familiarity with RRA, US SIS, and US Situs (including R&P) frameworks.
Familiarity / Working Knowledge of
- International Returns: Broad exposure to CAD Situs, CAD SIS, and NAIC requirements.
- Market Specifics: Understanding of Appendix 7 and UK TUK frameworks.
Key Responsibilities
- Regulatory Compliance: Prepare and review all finance-designated Lloyd's and global regulatory returns on time.
- Ledger Ownership: Oversee cash management, international deposits, and the posting of Lloyd’s settlement journals to the General Ledger.
- Process Evolution: Continually challenge existing reporting workflows to improve data quality, calculation speed, and systems efficiency.
- Taxation: Assist with the preparation and review of relevant Lloyd's market tax returns.
- Candidate Requirements
- Background: Explicit career history within a Lloyd's Syndicate, Managing Agency, or London Market insurance business.
- Autonomy: A proven track record of working confidently with limited guidance.
- Software Skills: Advanced Excel proficiency is required; experience with Sun Systems or Vision Q&A is preferred.
- What Is On Offer
- Elite Specialism: The chance to embed yourself within an elite, top-tier run-off reinsurance leader.
- Flexible Balance: A formal hybrid structure requiring approximately 40% office attendance.
- Collaborative Culture: A team environment built strictly on accountability, integrity, and shared goals.
- To Apply
Please submit your CV to Lorenzo Fuller, ensuring your specific Lloyd's market return experience is clearly highlighted
Syndicate Accountant (Lloyd's Market) employer: Galejay Limited
Join a leading London Market insurer that values its employees and fosters a collaborative work culture. With competitive benefits including a generous pension scheme, private medical insurance, and ample holiday, this role as a Technical Accountant offers not only a rewarding salary but also significant opportunities for professional growth and development within the finance team. Experience a supportive environment where your contributions are recognised, and you can make a meaningful impact on the company's success.
