Syndicate Accountant

Syndicate Accountant

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our finance team to prepare Lloyd's returns and manage financial reporting.
  • Company: We're a leading Lloyd's insurance business, known for our rapid growth and innovation.
  • Benefits: Enjoy competitive pay, flexible working options, and a vibrant company culture.
  • Why this job: Be part of a dynamic team making a real impact in the insurance industry.
  • Qualifications: No prior experience needed; just bring your enthusiasm and willingness to learn!
  • Other info: This role offers a fantastic opportunity for career growth in finance.

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 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.

Syndicate Accountant employer: High Finance Limited

As a market leader in the Lloyd's insurance sector, our company offers an exceptional work environment that fosters professional growth and development for our Syndicate Accountants. Located in a vibrant financial hub, we provide competitive benefits, a collaborative culture, and opportunities for career advancement, ensuring that our employees thrive both personally and professionally while contributing to our dynamic finance team.
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Contact Detail:

High Finance Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Syndicate Accountant

✨Tip Number 1

Familiarise yourself with Lloyd's reporting requirements, especially QMA, QMB, and Solvency II. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role.

✨Tip Number 2

Brush up on your financial reporting skills, particularly in preparing P&L statements and balance sheet reconciliations. Being able to discuss your experience with these tasks confidently can set you apart from other candidates.

✨Tip Number 3

Network with professionals in the insurance and finance sectors, especially those who work with Lloyd's. They can provide insights into the company culture and expectations, which can be invaluable during your application process.

✨Tip Number 4

Stay updated on industry trends and challenges facing the Lloyd's market. Showing that you are knowledgeable about current events can impress interviewers and demonstrate your passion for the field.

We think you need these skills to ace Syndicate Accountant

Financial Reporting
Knowledge of Lloyd's Insurance Market
Solvency II Reporting
QMA and QMB Returns Preparation
Balance Sheet Reconciliation
Profit and Loss Analysis
Cash Flow Forecasting
Bank Account Management
Technical Journal Entries Preparation
Attention to Detail
Analytical Skills
Time Management
Communication Skills
Team Collaboration
Regulatory Compliance Knowledge

Some tips for your application 🫡

Understand the Role: Familiarise yourself with the responsibilities of a Syndicate Accountant. Highlight your experience in preparing financial reports, managing liquidity, and handling bank accounts in your application.

Tailor Your CV: Make sure your CV reflects relevant experience in finance, particularly in insurance or accounting roles. Use specific examples that demonstrate your skills in financial reporting and reconciliation.

Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job description. Emphasise your understanding of Lloyd's returns and your ability to meet established deadlines.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application shows attention to detail, which is crucial for a role in finance.

How to prepare for a job interview at High Finance Limited

✨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, QMA, QMB, and Solvency II reporting. Be prepared to discuss how you've handled similar tasks in the past.

✨Demonstrate Attention to Detail

This role requires meticulous attention to detail, especially when preparing monthly P&L statements and balance sheet reconciliations. During the interview, share examples of how you've ensured accuracy in your previous work.

✨Showcase Your Analytical Skills

Monitoring liquidity and improving cash flow forecasting are key responsibilities. Be ready to discuss your analytical approach to financial data and how you've used it to make informed decisions in previous roles.

✨Familiarise Yourself with Banking Processes

Since you'll be maintaining Syndicate and Group bank accounts, it's important to understand banking mandates and processes. Mention any relevant experience you have with bank account management during the interview.

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