At a Glance
- Tasks: Manage financial reporting and analysis for unique insurance syndicates.
- Company: Join Hiscox, a leading specialist insurer with a culture of innovation.
- Benefits: Enjoy hybrid working, competitive salary, and a focus on work-life balance.
- Other info: Collaborative environment with opportunities for personal and professional growth.
- Why this job: Be part of a team that challenges the norm and drives impactful change.
- Qualifications: Qualified accountant with experience in syndicate financial accounting.
The predicted salary is between 54000 - 66000 £ per year.
Build a brilliant future with Hiscox.
About Hiscox: As an international specialist insurer, we focus on key areas of expertise and strength, underpinned by a culture that encourages us to challenge convention and always look for a better way. We prioritise the principle of doing what we say we will. Insuring the unique and interesting, our search for talent is the same. We empower our people to think creatively, challenge the status quo and approach things with a purposeful lens. This results in us providing insurance solutions that are often too complex for other companies.
Our straight-talking culture allows us to strive to improve everything we do. Trust is integral to how we operate, allowing us to work in an environment where every role has a prominent level of autonomy. Through embracing an environment that brings together unique individuals, we build a company where teams do not all think the same. This culture encourages courage to express thoughts, which is central to our business model.
The Role: Reporting to the Manager, Syndicate Accounting and Reporting, you will play a key role in delivering result management, financial controllership, and comprehensive internal and external reporting requirements for our managed syndicates, managing agent, and corporate member. You will maintain high standards of financial control, support regulatory and Group reporting requirements, and provide insightful financial analysis to support business decision-making.
As Hiscox continues to transform its Finance operating model, you will support the successful migration of processes, embedding new ways of working, and helping to establish an effective target operating model. This involves working closely with both onshore and offshore teams to support knowledge transfer, process documentation, operational readiness, and the successful transition of activities.
Key Responsibilities:
- Support production and review of Lloyd’s quarterly and annual regulatory returns.
- Prepare insightful Lloyd’s results commentary for Governance Committee and other stakeholder forums.
- Ensure internal deadlines for group financial reporting schedules and regulatory deadlines are met.
- Review and challenge work completed by the outsourced service provider.
- Monitor service delivery against agreed SLAs, KPIs, and quality standards.
- Build strong relationships with offshore teams and key stakeholders across Group Finance.
- Manage all aspects of the production of the three Syndicate accounting ledgers.
- Ensure all balance sheet reconciliations are prepared and required follow-up steps are taken.
- Provide service to different stakeholders and complete process handovers accurately.
- Be a contact for technical queries regarding syndicate financial accounting and reporting.
- Drive the development and implementation of processes to create reporting efficiencies.
- Assist Syndicate Accounting and Reporting Manager in financial controllership and related reporting activities.
- Build relationships with auditors ensuring audit queries are answered timely.
- Ensure effective financial control framework is in place and operating effectively.
- Identify areas for process improvement and follow through to implementation.
- Coach and mentor team members on Syndicate Accounting and Reporting intricacies.
Skills/Qualifications/Experience required:
- Be a qualified accountant and/or have relevant experience in a senior accounting and Lloyds Reporting role.
- Be educated to degree level and/or have relevant demonstrable experience in syndicate financial accounting and reporting.
- Have excellent working knowledge of Lloyd’s reporting requirements, IFRS 17, and UKGAAP.
- Possess excellent IT skills, with exposure to data modelling software and accounting ledger.
- Have had exposure to distributed teams and relationship building with remote stakeholders.
- A flexible attitude and willingness to get involved at all levels.
Preferential/Advantageous:
- Prior experience of Lloyds Accounting and Reporting.
Diversity and flexible working at Hiscox: At Hiscox, we care about our people. We hire the best people for the job and are committed to diversity and creating an inclusive culture. We have learned that working life does not always have to be in the office, and we encourage a hybrid working model to promote a healthy work-life balance.
Summary: Location: London. Type: Full time.
Syndicate Accountant in London employer: Hiscox AG
Hiscox is an exceptional employer that prioritises diversity and inclusivity, fostering a culture where every employee can thrive. With a commitment to hybrid working, employees enjoy the flexibility to balance their professional and personal lives while collaborating with talented teams in a dynamic environment. The company offers robust opportunities for growth and development, ensuring that as a Technical Product Manager, you will play a pivotal role in shaping innovative solutions that drive business success.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Accountant in London
✨Tap into Campus Networks
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We think you need these skills to ace Syndicate Accountant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Hiscox AG.
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How to prepare for a job interview at Hiscox AG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Hiscox AG.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Hiscox AG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
