At a Glance
- Tasks: Lead financial controllership for Lloyd's syndicates and manage reporting processes.
- Company: Dynamic finance team with a focus on innovation and collaboration.
- Benefits: Hybrid working, competitive salary, and career development opportunities.
- Other info: Join a diverse team and drive best-in-class finance functions.
- Why this job: Shape the future of finance while making a real impact in a collaborative environment.
- Qualifications: Qualified accountant with experience in syndicate accounting and leadership skills.
In this role you will oversee the financial controllership for three managed Lloyd's syndicates, managing ledger close, regulatory and IFRS reporting, and partnering with business units on performance. You will lead IFRS 17 initiatives, strengthen the control framework, and coordinate with actuarial, underwriting, risk, and group finance. You will manage a distributed finance team across London, Colchester, and India, and serve as the main point of contact for auditors. You will drive a best-in-class Syndicate Accounting & Reporting function and deliver insightful governance reporting.
Pay / Benefits
- Manage all ledger accounting processes for Syndicate, Managing Agent, and corporate member ledgers with monthly/quarterly/year-end close
- Prepare management reports and analyze variances between actuals and forecasts
- Oversee Lloyd's regulatory returns, annual reports, and IFRS statutory reporting with analysis and disclosures
- Ensure ledgers are accurate and gaps are addressed before WDT close
- Prepare Board materials and assist in presenting financials to the board
- Present Lloyds results commentary including balance sheet, P&L, and KPIs for governance committees
- Meet internal group reporting deadlines and respond to queries promptly
- Maintain/prepare balance sheet reconciliations with clear explanations of variances
- Coordinate stakeholder services (reserving, Syndicate FP&A) and manage handovers across departments
- Act as key contact for Syndicate auditors and resolve audit issues
- Ensure adherence to group accounting policies and maintain an effective financial control framework
- Identify and implement process improvements to create a best-in-class finance function
- Provide SME input to strategic/tactical finance projects with regard to Syndicate reporting
- Lead the development of efficient controllership processes to meet evolving needs
- Manage, coach, and develop the Syndicate Accounting & Reporting team
- Collaborate with Head to enhance syndicate financial controls and close existing gaps
- Support ongoing finance projects and changes impacting reporting and controls
Tasks
- Significant Lloyd's market experience in syndicate accounting, reporting, and regulatory environments
- Extensive Lloyd's reporting experience including regulatory submissions oversight
- Proven people leadership experience and ability to develop high-performing teams
- Experience in management/oversight roles with governance and controls focus
- Experience working with offshore or distributed teams and across multiple locations; exposure to outsourced models is advantageous
- Demonstrated ability to lead through change and evolving operating models
- Qualified accountant (ACA/ACCA/CIMA or equivalent)
- Degree educated or equivalent experience
- Excellent IT skills with accounting ledgers, reporting tools, and data analysis/modelling
- Prior Lloyd's reporting experience and IFRS 17 exposure (advantageous)
Key requirements
- hybrid working
- Diversity and inclusion culture
- autonomy
- collaborative environment
- opportunity to shape a finance function
- career development opportunities
Syndicate Accounting & Reporting Manager (Permanent and FTC) employer: Hiscox Inc.
Join a forward-thinking company that values innovation and collaboration, where as a Product Manager, you will lead the Claims Digital Platform for SME insurance in a dynamic environment. Our commitment to employee growth is reflected in our supportive work culture, offering opportunities for professional development and hands-on leadership experience. Located in a vibrant area, we provide a unique advantage with access to a diverse talent pool and a strong focus on operational efficiency and customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Accounting & Reporting Manager (Permanent and FTC)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Hiscox Inc.. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Syndicate Accounting & Reporting Manager (Permanent and FTC)
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 Inc..
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Hiscox Inc.'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Hiscox Inc.
✨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 Inc..
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Hiscox Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Hiscox Inc. 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.
