Syndicate Accountant in London

Build a brilliant future with 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.

The Role: Reporting to the Manager, Syndicate Accounting and Reporting, you will play a key role in the delivery of result management, financial controllership and comprehensive internal and external reporting requirements for our managed syndicates, managing agent and corporate member. You will be responsible for maintaining high standards of financial control, supporting regulatory and Group reporting requirements, and providing insightful financial analysis to support business decision-making.

As part of the ongoing Finance transformation, the role will involve providing ongoing supervision, review and challenge of work performed by the outsourced service provider, ensuring outputs are delivered accurately, completely and in accordance with agreed service levels, accounting policies, financial controls and regulatory requirements. The role requires strong stakeholder management skills and the ability to build effective working relationships across geographically dispersed teams.

Key Responsibilities:

• Support production and review of Lloyd’s quarterly and annual regulatory returns including QMA, SITUS, NAIC, TRIA, TPD, SIS, UK Tax, Annual Accounts for Syndicates, Managing Agent, and Corporate Member.
• Prepare insightful Lloyd’s results commentary, including balance sheet analytics, P&L performance, KPIs and explanations of key movements and variances.
• Ensure the internal deadlines for group financial reporting schedules as well as regulatory deadlines are met.
• Review and challenge work completed by the outsourced service provider, ensuring accuracy, completeness and adherence to accounting policies and control requirements.
• Monitor service delivery against agreed SLAs, KPIs and quality standards.
• Build strong relationships with offshore teams and key stakeholders across Group Finance, Actuarial, Syndicate Reporting and Technology.
• 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 for resolving differences.
• Drive the development and implementation of processes to create reporting efficiencies.
• Assist Syndicate Accounting and Reporting Manager in financial controllership and related reporting and close activities.
• Ensure effective financial control framework is in place and operating effectively.
• Identify areas for process improvement and follow through to implementation.
• Coach and mentor members of the team on the intricacies of Syndicate Accounting and Reporting.

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 stakeholders.
• A flexible attitude and willingness to get involved at all levels.

Diversity and flexible working at Hiscox: At Hiscox we care about our people. We hire the best people for the job, and we are committed to diversity and creating a truly inclusive culture. We have also learned that working life does not always have to be in the office, and have a hybrid working model to encourage a healthy work-life balance.