Job Description and Person Specification
Job Title: Syndicate Accountant - 12 Month FTC
Type: 12 Month Fixed Term Contract
Division: Finance
Team: Syndicate Reporting (team personnel: 10)
Reports To: Senior Syndicate Accountant / Syndicate Controller
Key Relationships: Finance team, Lloyd’s of London, Banks, Actuaries, Underwriters, Ceded RI, Compliance, Technical Accounting and Auditors.
Job Summary: Responsible for supporting the Syndicate Controller in maintaining/preparing accurate syndicate accounting ledgers and providing analysis and management information to various stakeholders.
Key Responsibilities:
- Preparation of quarterly financials for seven syndicates, to include posting journals using Agresso (GL Package).
- Preparation and review of key balance sheet reconciliations on a quarterly basis.
- Support the preparation of regulatory returns for Lloyd’s or relevant regulators and tax authorities and presentation of same to management.
- Assistant with preparation and review of UK GAAP statutory accounts for seven syndicates. (FRS 102/103)
- Liaise with Group reporting manager to facilitate consolidation of the syndicate results into the parent company Beazley plc, (including calculation of any relevant IFRS adjustments).
- Analytical review of syndicate financial information including close liaison with the management reporting team.
- Production and review of note disclosures for group reporting.
- Development and maintenance of calculation processes to support preparation of quarterly financial information.
- Liaise with underwriters, actuaries, auditors, senior management and/or third parties as appropriate.
- Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.
- Support Senior Syndicate Accountants and Syndicate Controller with Ad-Hoc requests and projects as necessary.
- Review output of junior team members and escalate issues to Syndicate Controller where relevant.
General:
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.
- Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
- 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.
Personal Specification:
Essentia Criteria
- Qualified accountant(ACCA/ACA/CIMA or equivalent).
- Skills working with Excel must be at an intermediate to advanced level.
- Knowledge of IFRS/FRS102/FRS103.
Education and Qualifications
- Knowledge of insurance company accounting is advantageous.
- Knowledge of syndicate accounting is preferred but not required.
Skills and Abilities
- Must be able to work as part of a team.
- Must demonstrate the key characteristics required to coach/monitor junior staff members within the team.
- Experience working with other MS Office software to include Outlook, Word, Powerpoint.
- Excellent interpersonal and communication skills.
- Proactive, self-starter, seeks continuous improvement.
- Ability to manage time, meet deadlines and prioritise.
Aptitude and Disposition
- Self motivated, flexible and enthusiastic.
- Professional approach to successfully interact with senior management/colleagues/external suppliers.
- Diplomatic.
