Accounts Assistant / Accounting Associate / External Reporting
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
The Role - Accounts Assistant / Accounting Associate
In this role you will be responsible for assisting the Statutory and Regulatory Reporting Managers with all areas of external reporting, including review and analysis of syndicate level reporting which is used for producing the aggregated financial result for the Lloyd’s Market, and the preparation of reporting for the consolidated Society of Lloyd’s group results. You will have the opportunity to liaise directly with the Market to provide guidance and will play an important role identifying and implementing process improvements.
Principal Accountabilities for the Accounts Assistant / Accounting Associate
Preparation of Lloyd’s reporting under UK GAAP
- Review the Quarterly Monitoring Returns – Part A (QMA) submitted by syndicates to assess compliance with UK GAAP and Lloyd’s guidance
- Analysis of financial information to identify queries required to be sent to managing agents, or to understand trends in the information reported into Lloyd’s
Preparation of Lloyd’s reporting under Solvency II Pillar 3
- Review and analysis of syndicate Pillar 3 submissions (QSR/ASR and QAD/AAD)
- Analysis of financial information to identify queries required to be sent to managing agents, or to understand trends in the information reported into Lloyd’s
- Assisting in the preparation of Lloyd’s Pillar 3 submissions to the PRA at Lloyd’s and syndicate level.
Driving the financial reporting requirements for the Lloyd’s Market
- Providing guidance to the Lloyd’s Market for the preparation of financial returns (QMA, QSR/ASR, QAD/AAD, QF1/AF1) – this involves professionally communicating with managing agents and helping resolve queries, as well as providing appropriate guidance and instructions, in a timely manner
- Assisting in the development and testing of changes to returns/systems for collection of syndicate information
Skills required for the Accounts Assistant / Accounting Associate
- Self-motivated and ability work independently as well as part of a team.
- Ability to manipulate, analyse and review large amounts of data.
- Proficient in use of IT (in particular Microsoft Excel) with the ability to learn applications e.g. Business Objects.
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
NO AGENCIES PLEASE
JOB REF: AWDO-P12141
This job is being advertised by AWD online on behalf of Lloyd’s
Accounts Assistant | Accounting Associate | Accounting Jobs | Finance Team | External Reporting | UK GAAP | Solvency II | Pillar 3 | QMA | Lloyd’s Market | Insurance | Re-Insurance | Financial Reporting