Senior Accountant - Lloyds

Senior Accountant - Lloyds

Full-Time 55000 - 65000 £ / year (est.) No home office possible
The Travelers Indemnity Company

At a Glance

  • Tasks: Analyse complex financial data and support internal and external reporting.
  • Company: Join a leading property casualty insurer with a culture of innovation.
  • Benefits: Enjoy 25+ days holiday, private medical insurance, and a wellness programme.
  • Other info: Collaborative environment with opportunities for community involvement and career growth.
  • Why this job: Step into a senior role and make a real impact in finance transformation.
  • Qualifications: Professional accounting qualification and experience in the insurance industry.

The predicted salary is between 55000 - 65000 £ per year.

Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

What Is the Opportunity? We are currently recruiting for a Senior Accountant to join our Finance team in London. At Travelers, our accounting team plays a critical role as the steward of our financial information and control environment. The team ensures compliance with internal policies and external requirements, while providing timely, accurate, and insightful reporting that supports effective decision-making across the business. As a Senior Accountant, you will be responsible for maintaining accurate books and records, supporting both internal and external reporting requirements, and upholding a strong financial control framework. This is a varied and hands-on role where you will prepare and review journal entries, reconciliations, and financial reporting activities, support the delivery of accurate and timely financial information, contribute to maintaining and enhancing financial controls, partner with stakeholders across Finance and the wider business, and play a key role in ongoing finance transformation initiatives, including the implementation of a new sub-ledger system.

We are particularly interested in candidates who bring a strong accounting background, ideally within the Lloyd’s or London Market, experience working with US GAAP, a proactive, analytical mindset with strong attention to detail, exposure to financial planning & analysis (FP&A), experience with finance systems and system implementations (Phinsys experience would be advantageous), and a professional accounting qualification (ACA, ACCA, or CIMA). This opportunity would suit an ambitious accountant or financial planning professional looking to step into a senior role within a collaborative and forward-thinking environment.

What Will You Do?

  • Compile, review, and analyze complex financial data for variance analysis, reporting, and accuracy to interpret and understand trends.
  • Develop and validate financial analyses for key performance metrics (i.e. production, profitability, expense management, staffing).
  • Prepare and create components of overall business and financial plan, budget, and forecasts.
  • Conduct a review for accuracy and completeness and approve internal management based financial reporting, both routine and ad hoc for complete and consistent results with corporate policies and standards.
  • Conduct a review external for financial statements.
  • Perform and review financial controls in accordance with Sarbanes-Oxley requirements.
  • Prepare and review complex documentation to support internal and external audits with some interaction with internal auditors.
  • Maintain compliance with various financial external regulatory requirements and internal accounting policies.
  • Participate in projects that involve complex analysis and implementation of non-complex, routine business and financial regulatory changes relating to financial reporting, such as reorganizations, mergers and acquisitions, etc.
  • Provide coaching, training, and mentoring.
  • If a manager of people, effectively oversee and engage direct reports and perform management activities such as performance management, career development, and talent acquisition.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Professional accounting qualification, such as ACCA, CIMA.
  • Experience with accounting theory and practice within the insurance and financial services industry.
  • Excellent communication skills with the ability to consult on projects and present information effectively.
  • Ability to influence team members and management.
  • Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
  • Manage multiple projects simultaneously and follow through to ensure timely completion.
  • Ability to think strategically and use judgement to resolve issues as they arise.
  • Experience using Microsoft Office (e.g., Excel, Word, Outlook, PowerPoint) and Financial Reporting Software (e.g., TM1, Essbase, Hyperion, etc.).
  • Solid experience of using Financial general ledgers.
  • Ability to apply basic accounting and financial concepts to financial systems and processes.

What is a Must Have?

  • Solid finance, accounting, financial planning, or related experience.

What Is in It for You?

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Travelers reserves the right to fill this position at a level above or below the level included in this posting.

Senior Accountant - Lloyds employer: The Travelers Indemnity Company

At Travelers, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to thrive. As a Senior Accountant in London, you will benefit from competitive perks such as generous holiday entitlement, private medical insurance, and a robust wellness programme, all while contributing to meaningful financial initiatives within a respected organisation. With ample opportunities for professional growth and a commitment to community involvement, joining Travelers means being part of a team that values your contributions and supports your career aspirations.
The Travelers Indemnity Company

Contact Detail:

The Travelers Indemnity Company Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Accountant - Lloyds

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and accounting world, especially those who have experience in the Lloyd's or London Market. A friendly chat can lead to insider info about job openings or even referrals.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of US GAAP and financial controls. Be ready to discuss how you've tackled complex financial data in the past. We want to see your analytical mindset in action!

✨Tip Number 3

Show off your soft skills! Communication is key in this role, so practice explaining financial concepts in simple terms. Think about how you can influence team members and management with your insights.

✨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 Senior Accountant - Lloyds

Professional Accounting Qualification (ACA, ACCA, CIMA)
US GAAP
Financial Reporting
Variance Analysis
Financial Planning & Analysis (FP&A)
Data Analysis
Financial Controls
Sarbanes-Oxley Compliance
Audit Support
Microsoft Office (Excel, Word, Outlook, PowerPoint)
Financial Reporting Software (TM1, Essbase, Hyperion)
Project Management
Communication Skills
Stakeholder Engagement
Strategic Thinking

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Senior Accountant role. Highlight your experience with US GAAP and any relevant financial systems you've worked with. We want to see how your background aligns with what we’re looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your skills can contribute to our finance team. Let us know what excites you about working at Travelers.

Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight your analytical mindset in your application. Share examples of how you've interpreted financial data and provided insights in previous roles.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!

How to prepare for a job interview at The Travelers Indemnity Company

✨Know Your Numbers

As a Senior Accountant, you'll be dealing with complex financial data. Brush up on your accounting principles, especially US GAAP, and be ready to discuss how you've applied them in previous roles. Prepare examples of your experience with financial reporting and variance analysis to showcase your expertise.

✨Showcase Your Analytical Skills

The role requires a proactive and analytical mindset. Be prepared to discuss specific instances where you've interpreted financial trends or provided insights that influenced decision-making. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your problem-solving abilities.

✨Familiarise Yourself with Financial Systems

Since the job involves finance systems and potential implementations, make sure you understand the tools mentioned in the job description, like TM1 or Hyperion. If you have experience with Phinsys, definitely bring that up! Discuss how you've used these systems to enhance financial controls or reporting accuracy.

✨Engage with Stakeholders

Collaboration is key in this role. Think about times when you've partnered with different teams or stakeholders to achieve a common goal. Be ready to share how you communicated effectively and influenced others, as this will demonstrate your ability to work within a collaborative environment.

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