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 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, including professional development opportunities and a supportive environment that encourages employee growth, making it an ideal place for those seeking meaningful and rewarding careers in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Financial Controller
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars where you can meet potential employers and showcase your expertise in syndicate accounting.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's regulatory environment. Be ready to discuss how you've managed financial reporting processes in the past, and don’t forget to highlight your experience with external audits!
✨Tip Number 3
Showcase your leadership skills! If you’ve led teams or improved financial processes, share those stories during interviews. Employers love candidates who can motivate and develop their teams while driving efficiency.
✨Tip Number 4
Don’t just apply anywhere; apply through our website! We’re always looking for talented individuals who can help us improve our financial reporting processes. Make sure your application stands out by tailoring it to the role.
We think you need these skills to ace Syndicate Financial Controller
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, regulatory returns, and any relevant financial reporting you've done. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your understanding of the Lloyd's regulatory environment and how you can contribute to our growing company. Keep it engaging and personal!
Showcase Your Team Management Skills:Since this role involves leading and developing a team, make sure to highlight your leadership experience. Share examples of how you've motivated teams or improved processes in previous roles. We love seeing candidates who can drive change!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at HFG
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around GAAP accounts and Lloyd's regulatory returns. Be prepared to discuss specific examples of how you've managed financial reporting in the past.
✨Showcase Your Leadership Skills
As a Syndicate Financial Controller, you'll need to lead a team. Think of instances where you've motivated or developed team members. Be ready to share how you’ve driven improvements in financial processes.
✨Understand the Bigger Picture
Familiarise yourself with the company's goals and how the finance function supports them. Be prepared to discuss how you can contribute to the strategic direction of the syndicates and improve reporting systems.
✨Prepare for Technical Questions
Expect questions about technical accounting transactions, like RITCs. Brush up on these topics and be ready to explain complex concepts clearly, as this will demonstrate your expertise and communication skills.
