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About the Role

Provide broad support within the Syndicate Accounting and Reporting team during a period of transformation to an operating model based on outsourcing to an offshore service provider. The team is evolving as tasks and functions are transferring to the offshore team, while a core team of key roles are retained onshore to ensure delivery and maintenance of specialist knowledge and quality. Reporting to the Head of Syndicate Accounting and Reporting, you will be involved in supporting the full financial controllership duties for three managed syndicates, managing agent, and corporate member. This includes maintenance of the whole ledger controllership process, such as reviewing, producing, maintaining, reconciling, and analysing accounting ledgers, followed by financial analytics and comprehensive external/internal reporting.

Responsibilities

Ensuring all balance sheet reconciliations are prepared and required follow-up steps are taken for resolving differences.
Ensure BS analytics are performed to good quality and all key movements are explained appropriately.
Take a structured approach to drive collaboration between business functions and all areas of Group Finance.
Support production and review of Lloyd’s quarterly and annual regulatory returns including QMA, SITUS, NAIC, TRIA, TPD, SIS, UK Tax, SII, SUK, RRQ, Annual Accounts for Syndicates, Managing Agent, and Corporate Member.
Ensure internal deadlines for group financial reporting schedules are met and queries answered in a timely manner.
Preparation of Lloyds results commentary including BS, P&L and other KPIs for governance committee.
Managing the Corporate Member accounting and reporting requirement internally to group and externally to regulators.
Build relationships with stakeholders in Group finance, Actuarial, Syndicate reporting, IT functions to improve the quality of information reported both internally and externally.
Providing service to different stakeholders such as reserving, Syndicate FP&A, group etc., and completing process handovers/hand backs with various departments accurately as per the schedule.
Managing group reporting requirements for all Managed Syndicates, Managing Agent, Corporate member and associated non-Insurance entities.
Be a contact for technical queries with regards to syndicate financial accounting and reporting.
Drive the development and implementation of processes to create reporting efficiencies and facilitate the production of accurate financial information.
Assist Syndicate Accounting and Reporting Manager in financial controllership and related reporting and close activities.
Ensuring all technical, non-technical and control account balance sheet reconciliations are prepared and reflect true analysis on the differences.
Build relationship with the auditors ensuring audit queries are answered and closed off in a timely manner.
Ensure effective financial control framework is in place and is operating effectively, timely updating the control framework or introducing new controls where required for process changes.
Ensuring group accounting policies are adhered to while performing accounting and reconciliations.
Identify areas for process improvement and follow through to implementation, resulting in a best-in-class Finance function.
Coach and mentor members of the team on the intricacies of Syndicate Accounting and Reporting.

Requirements

Be a qualified accountant and/or have relevant experience in a senior accounting and Lloyds Reporting role.
Be educated to degree level and/or have relevant demonstrable experience in syndicate financial accounting and reporting.
Have excellent working knowledge of Lloyd’s reporting requirements, IFRS 17 and UKGAAP.
Possess excellent IT skills, with exposure to data modelling software and accounting ledger being a real benefit.
Have had exposure to distributed teams and relationship building with stakeholders who are also not located within the same location.
A flexible attitude and willingness to get involved at all levels to get the job done.
Prior experience of Lloyds Accounting and Reporting is advantageous.

Skills

IT skills
Data modelling software
Accounting ledger
Lloyd’s reporting requirements
IFRS 17
UKGAAP

Location

London
Colchester

Work Type

Contractor
Hybrid working

Experience Level

Senior accounting
Lloyds Reporting

Education Level

Degree level

Benefits

Hybrid working to encourage a healthy work life balance

About the Company

As an international specialist insurer, Hiscox selectively focuses on key areas of expertise and strength, underpinned by a culture that encourages challenging convention and always looking for a better way.
Defined by strong moral fibre, Hiscox prioritizes the principle of doing what they say they will.
Hiscox insures the unique and interesting, and their search for talent is the same.
They empower people to think creatively, challenge the status quo, and approach things with a purposeful lens, enabling them to provide insurance solutions that are often too complex for other companies.
Their straight-talking culture drives improvement and discourages settling.
Trust is integral to how Hiscox operates, allowing for autonomy and freedom to forge paths and help set the wider agenda.
Hiscox embraces an environment that brings together unique and interesting people, ensuring teams do not all think the same.
A culture where courage to say what you think is actively encouraged is central to their business model.
Hiscox offers a challenging and collaborative environment where individuals are trusted to work instinctively and are stretched to their full potential.

Equal Opportunity

At Hiscox, we care about our people. We hire the best people for the job, and we are committed to diversity and creating a truly inclusive culture, which we believe drives success.