Reporting Accountant

The Reporting Accountant will be responsible for booking and reconciling technical & non-technical entries into LSM’s accounting systems.

About the Department & Team

To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ (London, International and Reinsurance) and to the supporting finance functions within LSM. To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches and a number of small service companies. To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis. To ensure superior management of our investments, cash and all financial risks. To give finance operations support to the business and finance. Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities

• Supporting the Senior Accountant to ensure the completion and submission of monthly US GAAP Reporting within Parent company.
• Support the Senior Accountant to complete the reporting requirements for the Syndicate and associated entities, that is right first time and on time.
• Support period end reconciliations, which are seen as important independent checks on the quality of the company’s financial information.
• Build relationships with local LSM FP&A business partners, Legal Entity Reporting team and US GAAP Reporting teams to ensure deadlines and reporting requirements are met.
• Build relationships with local Expense, A/P, Technical Operations, Treasury & Tax teams to better understand the quality & accuracy of US GAAP transactional processing.
• Assist the Senior Accountant to improve processes by identifying and communicating opportunities to enhance work or address process breakdowns.
• Embrace & support changes needed to provide superior service for customers.
• Working with the Senior Accountant, support investigatory efforts to provide clear and adequately detailed commentaries on company monthly financial statements.
• Provide clear and relevant ad hoc reports on analytical variances as required.
• Provide sound rationale for improvement ideas, explaining potential benefits in a manner that gains other’s support.
• Support the Senior Accountant in efforts to bring about change, contributing as required to the Finance Programme implementation.
• Assist in the transfer of tasks from other teams, and the development and documentation of appropriate procedures, automating processes wherever possible.

Skills and Experience

• Part qualified or Newly qualified accountant with experience in US GAAP and non-technical accounting.
• Knowledge and experience of insurance accounting preferable but not required.
• Strong Excel skills. Experience with US reporting is a benefit, as is exposure to SAP.
• Knowledge of Liberty’s processes and business is a benefit, but not required.

Competencies

• Customer focused – seeks to improve the level of service offered.
• Demonstrates a willingness to experiment with new ideas and to implement new processes.
• Able to perform efficiently and effectively in the face of unfamiliar tasks and more complex job responsibilities.
• Demonstrates awareness of own capabilities, able to adapt to changing situations, and seeks opportunities to acquire and apply new knowledge and skills on the job.
• Makes constructive contributions to the team, and welcomes the ideas and inputs of others.
• Ability to work effectively to tight deadlines.
• Will go the extra mile to accomplish critical or difficult tasks.
• Accepts responsibility for own performance and actions.
• Relate to others in a professional manner.

Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.