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- Tasks: Join our finance team as a Syndicate Accountant, handling Lloyd's returns and financial reporting.
- Company: Be part of a leading Lloyd's insurance business with a dynamic growth trajectory.
- Benefits: Enjoy a full-time role with opportunities for professional development and networking.
- Why this job: Make an impact in the insurance sector while working in a supportive and innovative environment.
- Qualifications: Must be close to or fully qualified (ACA/ACCA/CIMA) with knowledge of Solvency II or Lloyd's reporting.
- Other info: This is a mid-senior level position, perfect for those looking to advance their career.
The predicted salary is between 43200 - 72000 £ per year.
A market leading Lloyd's insurance business are looking for a Syndicate Accountant to join their rapidly growing finance team. The main responsibilities for this Syndicate Accountant position will be to:
- Preparation of Lloyd's returns including QMA, QMB and Solvency II reporting ensuring these are prepared in accordance with Lloyd's.
- Production of monthly and quarterly Syndicate financial reporting in accordance with established time tables.
- Responsible for the preparation of the monthly Syndicate P&L and balance sheet reconciliations.
- Monitoring the liquidity position of the Syndicate and improve the short-term cash flow forecasting.
- Maintenance of all Syndicate and Group bank accounts and mandates.
- Responsible for the preparation and reconciliation of technical journal entries relating to the Syndicate within documented deadlines.
The successful candidate for this Syndicate Accountant will need to have a knowledge of Solvency II or Lloyd's reporting and have previous experience working in the insurance market, ideally in the Lloyd's market. The candidate will also need to be either fully qualified accountant or be close to qualification (ACA/ACCA/CIMA).
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Syndicate Accountant
✨Tip Number 1
Network with professionals in the Lloyd's insurance market. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities.
✨Tip Number 2
Familiarise yourself with the specific reporting requirements for Lloyd's, such as Solvency II and QMA/QMB returns. This knowledge will not only help you stand out but also demonstrate your commitment to the role.
✨Tip Number 3
Consider reaching out directly to the job poster or hiring manager via LinkedIn. A polite message expressing your interest in the Syndicate Accountant position can make a positive impression and increase your chances of being noticed.
✨Tip Number 4
Prepare for potential interviews by brushing up on your technical accounting skills, especially related to P&L and balance sheet reconciliations. Being able to discuss these topics confidently will show your expertise and readiness for the role.
We think you need these skills to ace Syndicate Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Syndicate Accountant. Familiarise yourself with Lloyd's returns, Solvency II reporting, and the specific financial tasks mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in the insurance market, particularly any work related to Lloyd's. Emphasise your qualifications (ACA/ACCA/CIMA) and any specific knowledge of Solvency II or Lloyd's reporting.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your skills and experiences to the job requirements. Mention your familiarity with monthly and quarterly financial reporting and your ability to manage bank accounts and cash flow forecasting.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that all information is accurate and that your application presents you in the best possible light.
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Numbers
As a Syndicate Accountant, you'll be dealing with financial reporting and reconciliations. Brush up on your knowledge of Lloyd's returns, Solvency II reporting, and P&L statements. Be prepared to discuss specific examples from your past experience that demonstrate your expertise in these areas.
✨Demonstrate Industry Knowledge
Familiarise yourself with the current trends and challenges in the insurance market, particularly within the Lloyd's sector. Showing that you understand the industry's landscape will impress the interviewers and highlight your commitment to the role.
✨Highlight Your Qualifications
Whether you're fully qualified or close to it, make sure to emphasise your ACA, ACCA, or CIMA qualifications. Discuss how your educational background has prepared you for the responsibilities of the Syndicate Accountant position.
✨Prepare Questions
Interviews are a two-way street. Prepare insightful questions about the company's culture, the finance team's structure, and the specific challenges they face. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
