Reporting Accountant - Lloyd's / Insurance Sector

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Reporting Accountant

Role Overview:

The role will be responsible for the preparation of internal and external reports of the department, including US GAAP group reporting, UK GAAP company reporting and all Lloyd’s Market regulatory returns and associated management information. You will also be responsible for the preparation of analytical tools and reports to support the information produced.

Core Duties:

Supporting production of Syndicate and Group management information.

Preparation of all outputs of syndicates, including QMA, QMB, US Reporting, Canadian Reporting, FCA/PRA reporting & statutory accounts

Preparation of ad-hoc reports and returns required by banks, Lloyd’s and other third parties.

Production of analytical tools and analytical memos supporting each one of the reports produced.

Ensuring that reports are produced in accordance with the relevant timetables, ensuring that there is enough time for a proper management review and understanding of the figures.

Development of diagnostics and continuous interaction with underwriters and actuaries in order to develop the understanding of the figures.

Responsible for the following Reporting activities:

The preparation and maintenance of timetables and KPIs

Handling of all technical aspects affecting the production of syndicate returns

Managing all operational aspects of the production of documents, in order to ensure the timely and accurate production of syndicate returns.

Performing the technical review of the returns

Responsible for the maintenance of a sound system of internal controls – including SOX

Responsible for liaising with third parties involved in the production of financial data (e.g. actuaries, underwriters, other areas of Finance, in order to ensure that the Department counts on all the resources (time, quality of data, etc) needed for a proper review and analysis.

Responsible for the development of process improvements, in order to ensure the efficient and accurate production of data. This might require involvement in projects, as a project manager or a team member.

The ideal candidate will have the following key skills & attributes:

Technical Skills

Working knowledge of Lloyd’s accounting and reporting rules, UK GAAP, Companies Act,

Advanced experience of using Excel

Very good verbal and written reporting skills .

Knowledge of Lloyd’s software

Knowledge of US GAAP

Understanding of SII rules affecting regulatory reporting

Education And Qualifications

CIMA / ACCA / CA

Exposure to the Lloyd’s market as an accountant or an auditor.

Exposure to assessment and implementation of controls and procedures.

Exposure to reporting activities to senior management committees.