Syndicate Accounting & Reporting Manager (Permanent and FTC)

Key Responsibilities

• Manage all aspects of the ledger accounting process, which includes preparing the Syndicate accounting ledgers, the managing Agent's ledger, and the corporate member's ledger, and completing the GL Close at the end of every month, quarter, and year.
• Preparing management reports and analysing business unit performance, evaluating how actual and forecast results differ from initial.
• Manage the timely production, review of Lloyd’s quarterly and annual regulatory returns, annual reports and accounts, IFRS statutory reporting with quantitative and qualitative analysis and disclosures.
• Making sure the BU financials are correct in the ledgers and any gaps are quickly reported to BU leads and fixed in time for WDT close.
• Preparing components of Board reporting such as Board papers, CFO & AC packs, and assisting management in presenting HSL finance to the board.
• Preparation and presentation of Lloyds results commentary including BS, P&L and other KPIs for governance committee.
• Ensure the internal deadlines for group financial reporting schedules are met and queries answered in a timely manner.
• Ensuring all technical, non-technical and control account balance sheet reconciliations are prepared and reflect true analysis on the differences if any.
• Managing the service to different stakeholders such as reserving, Syndicate FP&A etc and completing the process handovers/hand backs with various departments accurately as per the schedule.
• Function as a key point of contact for the Syndicate auditors, maintain and develop the relationship, and manage the resolution of audit issues as required.
• Ensuring group accounting policies are adhered while performing the accounting and reconciliations.
• Ensure effective financial control framework is in place and is operating effectively. Timely updating the control framework or introducing new controls where required for the process changes.
• Identify areas for process improvement and follow through to implementation, resulting in a best-in-class Finance function.
• Provide “subject matter expertise” to key strategic and tactical Finance projects, and all finance matters with regards to Syndicate financial reporting.
• Drive the development and implementation of efficient, accurate, controllership processes capable of meeting the demands of an evolving business area.
• Manage, coach, and develop the Syndicate Accounting & Reporting team.
• Work closely with the Head of Syndicate Accounting and Reporting in developing and enhancing the syndicate financial controls, ensuring compliance with the Group’s financial controls framework, and identifying and closing any gaps affecting Syndicate financial reporting.

Skills / Qualifications / Experience Required

• Significant experience within the Lloyd's market, specifically in syndicate accounting, reporting and regulatory environments.
• Extensive experience of Lloyd's reporting requirements, including oversight of regulatory submissions and reporting processes.
• Proven people leadership experience, with a track record of managing, developing and motivating high-performing teams.
• Experience operating in a management and oversight capacity, providing technical guidance, governance and controls rather than undertaking day-to-day reporting activities.
• Experience working with offshore or distributed teams and building strong relationships with stakeholders across multiple locations. Exposure to outsourced operating models would be advantageous.
• Demonstrated ability to lead teams through change, transformation and evolving operating models.
• Qualified accountant (ACA, ACCA, CIMA or equivalent).
• Degree educated and/or able to demonstrate equivalent relevant experience.
• Excellent IT skills, including experience of accounting ledgers, reporting tools and data analysis/modelling applications.

Preferential / Advantageous

Diversity and flexible working at Hiscox