Syndicate Accountant

General:

Reports To: Syndicate Finance Team Lead

Key Relationships: Syndicate Team Lead, Syndicate Finance Manager / Syndicate Controller, Finance team, Lloyd’s of London, Banks, Actuaries, Underwriters, Ceded RI, Underwriting Teams, Technical Accounting and Auditors.

You will be involved with the preparation of annual financial statements for the syndicates also.

General:

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Key Responsibilities:

• Preparation of quarterly accounting ledgers for seven syndicates. This will involve the use of Agresso (ledger) and Workday (in the future).
• Preparation and review of key balance sheet reconciliations on a quarterly basis.
• Support the preparation and review of the UK GAAP/FRS 102 statutory financial statements for the seven Lloyds syndicates that Beazley own and manage.
• Development and maintenance of complex calculations which support the quarterly close of syndicate ledgers.
• The Syndicate Reporting Team is responsible for all premium, brokerage, binders, claims (incurred/IBNR/ULR), reinsurance (XL & QS), profit commissions, commissions and various other ad-hoc areas of the ledgers for the seven owned and managed syndicates.
• Support the resolution of external audit queries.
• Produce ad-hoc reports and assist other members of Finance with their queries.

Finance projects and process improvements:

• Strive to improve process documentation and efficiency between busy periods.
• Assist with ad-hoc projects as they arise.

Personal Specification:

• Qualified accountant (ACCA/ACA/CIMA or equivalent).
• University degree in finance/business/accounting preferred.

• Intermediate/advanced Excel skills essential.
• Experience working with non-life insurance accounting preferred.
• Working knowledge of IFRS/FRS102/FRS103. IFRS 17 knowledge not essential.
• Intermediate skills working with MS Office software, such as Outlook, Word and PowerPoint.
• Must be able to work as part of a team.
• Excellent interpersonal and communication skills.
• Proactive, self starter, seeks continuous improvement.
• Ability to manage time, meet deadlines and prioritise.

• Knowledge of non-life insurance company accounting is preferred.
• Knowledge of Lloyds market/syndicate accounting is preferred, but not essential.

• Self motivated, flexible and enthusiastic.
• Must demonstrate desire for continuous improvement.
• Professional approach to successfully interact with senior management/colleagues/external suppliers.
• Diplomatic.

• Team work
• Coaching ability
• Technical competence and expertise
• Accuracy
• Analytical thinking/information seeking
• Speed and quality
• Communication
• Energy
• Integrity
• Flexible