Syndicate Accountant
Department: Managing Agency
Employment Type: Permanent
Location: London
Reporting To: Syndicate Financial Controller
Polo Managing Agency is a provider of outsourced managing agency services within the Lloyd’s market. Due to business growth, a Syndicate Accountant role is available, reporting to the Syndicate Financial Controller (“SFC”) and responsible for day-to-day activities of the syndicate finance function. You must have a solid syndicate background and have detailed Lloyd's returns experience.
Description
To control the finance processes for the allocated syndicates. This includes: financial management, financial close, regulatory reporting and internal controls, prior to review by the SFC . The role includes liaising closely with clients, plus internal and external stakeholders, to ensure robust processes are in place and the full range of finance tasks are completed to a good standard.
- Review syndicate bookkeeping entries and controls operated by the outsourced service provider (a Cheltenham based Polo service company).
- Prepare/Review Syndicate management accounts, including analytical review of results.
- Prepare/Review key balance sheet reconciliations.
- Prepare/Review Lloyd’s returns including QMA Delta, QMB, Flash, Interim and Year-end Report and Accounts (includes “tagging”).
- Prepare/Review Solvency UK returns.
- Prepare/Review Overseas Reporting including schedules F&P, US and Canadian SIS.
- Assist with planning and production of Syndicate annual report and accounts.
- Prepare management information for Syndicate Management Committees.
- Contribute to the development of systems for syndicate reporting.
- Respond to client and internal queries as required, maintaining a high level of service throughout.
- Liaise with Auditors.
- Support project work, including new syndicate launches as required.
Skills, Knowledge and Expertise
Must be highly proficient with the Microsoft applications, particularly Excel.
Excellent organizational skills, ability to multi-task.
Strong attention to detail.
Highly analytical.
Ability to work semi-independently and use own initiative to problem solve.
Good teamworking.
Ability to work under pressure and be flexible.
Efficient, self-motivated.
Good verbal and written communication skills.
High levels of integrity and ability to lead on doing the right thing.
Demonstrates behaviours aligned to the PoloWorks PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused- we provide services we are proud of
- Empowering – we equip people to be their best
Knowledge & Qualifications
2+ years of insurance industry experience in a syndicate reporting role or auditing Lloyd’s syndicates
Experience in dealing with change and process improvement
Qualified accountant
Benefits
- competitive salary
- discretionary annual bonus
- minimum 26 days of annual leave (with the option to buy more)
- flexible, hybrid working
- private health insurance
- life assurance
- income protection
- enhanced pension contributions
- occupational maternity and paternity pay
- access to company volunteering days
- an Electric Vehicle (EV) leasing scheme
- an employee assistance programme with retail discounts and savings
- a generous employee referral scheme
- regular sports and social events
Benefits Band 3
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Syndicate Accountant employer: Polo
Polo is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong focus on employee growth, we offer extensive training opportunities and a hybrid working model that promotes work-life balance. Join us to be part of a dynamic team where your expertise in Power Platform will not only be valued but also play a crucial role in driving our digital transformation.
