At a Glance
- Tasks: Control finance processes and prepare syndicate management accounts in a dynamic environment.
- Company: Polo Managing Agency, a leader in outsourced managing agency services within the Lloyd's market.
- Benefits: Competitive salary, flexible working, private health insurance, and generous leave options.
- Other info: Enjoy a vibrant workplace culture with opportunities for professional growth and community involvement.
- Why this job: Join a pioneering team and make a real impact in the insurance industry.
- Qualifications: 2+ years in syndicate reporting or auditing, with strong Excel skills.
The predicted salary is between 60000 - 70000 £ per year.
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.
Key Responsibilities
- To control the finance processes for the allocated syndicates. This includes:
- 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.
- Liase 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
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have 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 and regular sports and social events.
Syndicate Accountant employer: PoloWorks
Polo Managing Agency is an exceptional employer, offering a dynamic work environment in the heart of London, where you can thrive as a Syndicate Accountant. With a strong focus on employee growth and well-being, we provide a competitive salary, flexible hybrid working options, and a comprehensive benefits package that includes private health insurance and generous leave policies. Our inclusive culture, aligned with our PRIDE values, empowers you to take initiative and contribute meaningfully while enjoying a vibrant workplace filled with opportunities for professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors, especially those with experience in syndicate accounting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss Lloyd's returns and syndicate management accounts. We recommend practising common interview questions related to these topics to show you're the right fit.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've improved processes or solved problems in previous roles. This will demonstrate your ability to contribute to the development of systems for syndicate reporting.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Syndicate Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Syndicate Accountant role. Highlight your experience with Lloyd's returns and syndicate reporting, as these are key for us. We want to see how your background aligns with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Show Off Your Skills:Don’t forget to showcase your proficiency in Microsoft applications, especially Excel. Mention any specific projects or experiences where you’ve used these skills effectively. We’re looking for someone who can hit the ground running!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at PoloWorks
✨Know Your Numbers
Make sure you brush up on your syndicate accounting knowledge, especially around Lloyd's returns. Be prepared to discuss specific examples from your past experience where you've handled similar tasks, like preparing management accounts or balance sheet reconciliations.
✨Excel Like a Pro
Since the role requires high proficiency in Microsoft Excel, it’s crucial to demonstrate your skills. Consider bringing along examples of complex spreadsheets you've created or worked with, and be ready to talk about how you used Excel to solve problems or improve processes.
✨Show Your Analytical Side
This position demands strong analytical skills, so be prepared to showcase your ability to interpret financial data. Think of instances where your analytical skills made a difference in your previous roles, and be ready to explain your thought process during the interview.
✨Embrace the PRIDE Values
Familiarise yourself with PoloWorks' PRIDE values: Pioneering, Responsible, Inclusive, Delivery Focused, and Empowering. During the interview, try to weave these values into your responses, demonstrating how your personal work ethic aligns with their culture.
