At a Glance
- Tasks: Support year-end reporting and improve financial processes in a leading insurance firm.
- Company: Join a respected Lloyd's Market insurance business with a collaborative culture.
- Benefits: Earn up to £110,000 with hybrid working and exposure to high-profile projects.
- Other info: Dynamic role with opportunities for professional growth and development.
- Why this job: Make a real impact in finance while working with industry experts.
- Qualifications: Fully qualified accountant with 3+ years in insurance and strong technical skills.
The predicted salary is between 100000 - 110000 £ per year.
Wise May are working with a leading Lloyd’s Market insurance business to recruit an experienced Syndicate Finance Contractor on a fixed-term basis to support a busy finance team through a critical year-end reporting period. This is an excellent opportunity for a technically strong, fully qualified accountant with Lloyd’s Syndicate experience to join a highly respected underwriting organisation and play a key role across financial reporting, statutory accounts, balance sheet reconciliations, regulatory reporting, and process improvement projects.
Syndicate Accountant duties Include:
- Supporting the preparation and delivery of Annual Accounts and Underwriting Accounts for Lloyd's syndicates
- Coordinating Managing Agents Reports and year-end disclosures
- Leading detailed balance sheet reconciliations across technical insurance accounting areas including reinsurance debtors, creditors, reserves and loss portfolio transfers
- Producing technical accounting papers and documentation to support key accounting judgements and provisions
- Reviewing and improving existing financial reporting processes, controls and documentation
Syndicate Accountant skills required:
- Fully qualified accountant (ACA, ACCA or equivalent)
- Minimum 3 years' experience preparing technical P&L and balance sheet reconciliations within an insurance environment
- Strong technical accounting knowledge of insurance and reinsurance transactions
- Detailed understanding of Lloyd's Syndicate reporting requirements
- Experience producing UK GAAP and Solvency II reporting
- Strong understanding of accounting systems and financial controls
- Excellent analytical skills with exceptional attention to detail
- Ability to document processes, controls and procedures to a high standard
- Knowledge of Lloyd's systems and reporting requirements
Benefits:
- Competitive salary equivalent of £100,000 - £110,000
- Hybrid working arrangement
- Opportunity to work with a leading Lloyd's Market insurer
- High-profile year-end and transformation project exposure
- Collaborative and professional working environment
Syndicate Accountant – City in London employer: Wise May Ltd
Join a leading Underwriting client in the heart of London, where you will thrive in a dynamic and supportive work environment. With a strong focus on employee growth, we offer excellent benefits including a robust pension scheme, private medical insurance, and opportunities for hybrid working. Our culture promotes continuous improvement and collaboration, making it an ideal place for insurance professionals to develop their careers while contributing to a high-performing team.
StudySmarter Expert Advice🤫
We think this is how you could land Syndicate Accountant – City in London
✨Tap into Local Agencies
For temporary roles like the one at Wise May Ltd, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Wise May Ltd knows you can adapt quickly to their needs!
We think you need these skills to ace Syndicate Accountant – City in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Wise May Ltd's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Wise May Ltd
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Wise May Ltd. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
