WiseMayarelookingforaproactive,detailorientatedInsurance Syndicate Accountant to join a Global Reinsurer. Within this role you will assist the finance team to meet internal, Lloyd's andstatutory deadlines by delivering accurate and timely financial processing, reconciliations and regulatory.
Thisisafulltime, 10 month contract positionwithhybridworking(3daysintheoffice/2remote)andtheworkinghoursare9am-5pm.
Syndicate Accountantdutiesandresponsibilitiesinclude:
- Maintaining Financial Ledgers:Maintaining accurate SUN Accounts and Q&A ledgers, including year of account roll forwards, new year set upand class of business configuration. Ensurethe SUN Accounts year end close is completed accurately and on schedule, while preparing and posting the distribution journal closing each year of account accurately after 36 months.
- Lloyd’s Central Account (LCA) System Owner: Responsible for preparing and posting monthly signings and settled direct journals within month end deadlines, while completing accurate LCA reconciliations,ensuring any discrepancies are identified, evidenced, assigned and resolved promptly.
- Managing Agency (SMAL) management accounts (QF1/AF1): Responsible for delivering accurate and complete ledger entries forManaging Agency, including journal postings to trial balance. Ensures accruals, prepayments, fixed assets, managing agency fees, bank transactions and tax entries are processed accurately, fully supported and completed within reporting deadlines.
- Expense Management: Responsible for overseeing quarterly group recharges, ensuring staff and service costs are accurately recorded and fully supported. Calculates and manages accruals and prepayments to ensure expenses are recognised correctly within the appropriate accounting period.
- Investment Management: Responsible for completing accurate and timely investment reconciliations, investigating and resolving discrepancies promptly. Ensures compliance with key portfolio controls, including issuer concentration and credit rating checks, while escalating any breaches or exceptions as required.
Syndicate Accountant skillsandexperiencerequired:
- Experience within the Lloyd's or London Market insurance sector
- Experience with reconciliation and financial reporting
- Working towards an accountancy qualification (preferred)
- Experience working with external auditors and third-party service providers
- Experience of using Sun Ledger
- Knowledge of LCA (Lloyds Central Account)
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Syndicate Accountant - Reinsurance - City - Up to £300 a day 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.
