At a Glance
- Tasks: Manage financial reporting and accounting for two syndicates, ensuring accuracy and compliance.
- Company: Join a dynamic company focused on growth and innovation in the finance sector.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Lead a motivated team and drive improvements in financial processes.
- Why this job: Be at the forefront of financial management in a fast-paced, evolving environment.
- Qualifications: Strong understanding of Lloyd's regulations and experience in financial control.
The predicted salary is between 70000 - 90000 £ per year.
The Syndicate Financial Controller manages all aspects of the reporting and accounting for two syndicates. The responsibilities involve controlling the production of GAAP accounts, Lloyds regulatory returns, and external reporting for the Syndicate Management Committees and Audit Committee and maintaining an effective control environment.
This role requires liaison across several divisions of the group to facilitate the timely production of accurate financial information and working in a growing company and in a change-focused environment.
Responsibilities
- Review and recommend for submission all Lloyd's quarterly and annual regulatory returns.
- Standardization of external reporting; Review/approval of CFO/FD/Finance reports, Audit Committee Financial Reports.
- Effectively manage the quarterly close process and reporting requirements, and in doing so, manage, execute and dictate process, timetables and deliverables to all stakeholders - internally and externally.
- Manage the external audit timetable and process across all departments that contribute to the audit client schedule list. Work closely with the FD to manage the syndicate auditors and the resolution of audit issues arising as required.
- Assist with technical accounting for transactions, including RITCs, and develop Board papers accordingly.
- Working with the wider syndicate finance teams to develop and streamline reporting processes in a standardised and uniform manner.
- Driving the development of reporting systems and processes capable of meeting the demands of an evolving business area.
- Provision of timely high quality management accounting information to all business units using the Syndicates together with extensive business partnering between finance, actuarial, data/MI and claims teams.
- Own, drive and continuously seek to improve the Syndicates reporting processes.
- Production of timely, insightful, and strategic financial MI for management and the Board.
- Ensure appropriate Financial Controls are in place and operating effectively (in line with the Group financial controls framework) and where required, identify, and close any financial control gaps affecting financial reporting, forecasting and out of tolerance financial risks.
- Develop a suite of financial risk management reports / dashboards covering risk of financial misstatement, liquidity risk, capital risk, credit risk and tax working collaboratively with subject matter experts from other Group teams.
- Lead, motivate and develop the team including managing their engagement through the embedding of new/improved financial processes.
Qualifications
To be considered for this role you must have an excellent understanding of the Lloyd's regulatory environment as syndicate accounting. Experience at FC level is highly desirable or an experienced Syndicate Finance Manager may be considered.
Syndicate Financial Controller in London employer: HFG
As a Syndicate Financial Controller at our dynamic and growing company, you will thrive in a collaborative work culture that prioritises innovation and continuous improvement. We offer competitive benefits, opportunities for professional development, and a supportive environment where your contributions directly impact our success. Join us in a change-focused setting that values your expertise and fosters meaningful career growth.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Financial Controller in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend finance events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their financial processes and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your answers to common interview questions, especially those related to financial reporting and regulatory compliance. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your achievements.
✨Tip Number 4
Don’t forget to follow up after your interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’d be a perfect fit for their team.
We think you need these skills to ace Syndicate Financial Controller in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Syndicate Financial Controller role. Highlight your experience with GAAP accounts and regulatory returns, as these are key aspects of the job. We want to see how your skills match what we're looking for!
Showcase Your Achievements:When writing your application, don’t just list your responsibilities; showcase your achievements! Use specific examples that demonstrate your ability to manage financial processes and improve reporting systems. This will help us see the impact you've made in previous roles.
Be Clear and Concise:Keep your application clear and concise. We appreciate straightforward communication, so avoid jargon and get straight to the point. Make it easy for us to see why you’re a great fit for the role without wading through unnecessary fluff.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to track your application and ensure it reaches the right people. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at HFG
✨Know Your Numbers
Make sure you brush up on your knowledge of GAAP accounts and Lloyd's regulatory returns. Being able to discuss these topics confidently will show that you understand the core responsibilities of the Syndicate Financial Controller role.
✨Showcase Your Process Management Skills
Prepare examples of how you've effectively managed reporting processes in the past. Highlight your ability to dictate timelines and deliverables, as this is crucial for managing the quarterly close process and external audits.
✨Demonstrate Your Team Leadership
Think about times when you've led a team or motivated colleagues through change. This role requires strong leadership skills, so be ready to share specific instances where you've successfully engaged and developed your team.
✨Be Ready to Discuss Financial Controls
Familiarise yourself with financial control frameworks and be prepared to discuss how you've identified and closed financial control gaps in previous roles. This will demonstrate your proactive approach to ensuring accurate financial reporting.
