At a Glance
- Tasks: Prepare Lloyd's returns and monthly financial reports while ensuring compliance with regulations.
- Company: Join a leading Lloyd's insurance business with a rapidly growing finance team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Ideal for those close to qualification (ACA/ACCA/CIMA) seeking growth in a dynamic environment.
- Why this job: Make an impact in the insurance industry while developing your accounting skills.
- Qualifications: Knowledge of Solvency II or Lloyd's reporting and relevant insurance market experience.
The predicted salary is between 60000 - 75000 £ 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 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 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 a fully qualified accountant or be close to qualification (ACA/ACCA/CIMA).
Syndicate Accountant – Lloyd's Reporting & P&L employer: HFG
Join a dynamic and innovative Lloyd's insurance business that prioritises employee development and offers a collaborative work culture. With a focus on professional growth, you will have access to ongoing training and mentorship opportunities, all while working in a vibrant location that fosters creativity and teamwork. Enjoy competitive benefits and the chance to make a meaningful impact within a rapidly expanding finance team.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Accountant – Lloyd's Reporting & P&L
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those familiar with Lloyd's. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Solvency II and Lloyd's reporting. We recommend creating a cheat sheet of key concepts and recent developments to impress your interviewers.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work related to P&L preparation and financial reporting. Real-life scenarios can really make you stand out during interviews.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Syndicate Accountant – Lloyd's Reporting & P&L
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience with Lloyd's reporting and P&L preparation. We want to see how your skills align with the responsibilities listed in the job description, so don’t hold back!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Syndicate Accountant role. Mention your knowledge of Solvency II and any relevant experience in the insurance market.
Showcase Your Qualifications:Since we’re looking for someone who’s either fully qualified or close to qualification, make sure to clearly state your ACA/ACCA/CIMA status. We want to know where you stand in your professional journey!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and get the ball rolling on your potential new role with us.
How to prepare for a job interview at HFG
✨Know Your Numbers
Make sure you brush up on your knowledge of Lloyd's returns, especially QMA, QMB, and Solvency II reporting. Being able to discuss these in detail will show that you’re not just familiar with the terms but can also apply them practically.
✨Showcase Your Experience
Prepare specific examples from your previous roles where you’ve handled financial reporting or reconciliations. Highlight any experience you have with P&L statements and balance sheet reconciliations, as this will be crucial for the role.
✨Understand the Business
Research the company’s position in the Lloyd's market and their approach to liquidity and cash flow forecasting. This will help you tailor your answers and demonstrate your genuine interest in the role and the business.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, reporting timelines, and how they measure success in the Syndicate Accountant role. This shows that you’re engaged and thinking about how you can contribute to their goals.
