- Prepare and review Lloyd’s Syndicate financial reports on a monthly, quarterly, and annual basis, ensuring compliance with Lloyd’s reporting requirements
- Support preparation and submission of QF1, AF1, RRQ, QMB, SBF, and other regulatory filings as applicable.
- Manage Year of Account (YOA) reporting, underwriting year movements, and close financial activities.
- Prepare and analyze syndicate financial statements under UK GAAP, IFRS, and Lloyd’s reporting standards.
- Review and reconcile premium, claims, brokerage, commission, reserves, reinsurance recoveries, IBNR, and acquisition costs
- Perform detailed gross, ceded, and net reconciliations, balance sheet substantiation, and variance analysis.
- Coordinate data validation, control checks, and submission of returns through Lloyd’s reporting channels and portals
- Liaise with Underwriting, Claims, Reinsurance, Actuarial, Finance, and External Auditors to resolve reporting issues and data discrepancies.
- Support annual audits, regulatory reviews, and governance requirements by providing schedules, reconciliations, and management commentary.
- Ensure compliance with internal controls, SOX/audit requirements, and Lloyd’s reporting guidelines.
- Prepare management packs, board reporting schedules, KPI dashboards, and performance analytics for senior stakeholders.
- Drive process improvements, automation initiatives, and reporting standardization to enhance efficiency and reporting accuracy.
- Prepare, analyze and present financial reports to ensure accurate and timely financial information for stakeholders. This role involves ensuring compliance with accounting standards and regulations while providing insights to support strategic decision-making.
- Prepare and review Lloyd’s Syndicate financial reports on a monthly, quarterly, and annual basis, ensuring compliance with Lloyd’s reporting requirements
- Support preparation and submission of QF1, AF1, RRQ, QMB, SBF, and other regulatory filings as applicable.
- Manage Year of Account (YOA) reporting, underwriting year movements, and close financial activities.
- Prepare and analyze syndicate financial statements under UK GAAP, IFRS, and Lloyd’s reporting standards.
- Review and reconcile premium, claims, brokerage, commission, reserves, reinsurance recoveries, IBNR, and acquisition costs
- Perform detailed gross, ceded, and net reconciliations, balance sheet substantiation, and variance analysis.
- Coordinate data validation, control checks, and submission of returns through Lloyd’s reporting channels and portals
- Liaise with Underwriting, Claims, Reinsurance, Actuarial, Finance, and External Auditors to resolve reporting issues and data discrepancies.
- Support annual audits, regulatory reviews, and governance requirements by providing schedules, reconciliations, and management commentary.
- Ensure compliance with internal controls, SOX/audit requirements, and Lloyd’s reporting guidelines.
- Prepare management packs, board reporting schedules, KPI dashboards, and performance analytics for senior stakeholders.
- Drive process improvements, automation initiatives, and reporting standardization to enhance efficiency and reporting accuracy.
- Review financial statements, reports, and analyses, including balance sheets, income statements, and cash flow statements.
- Ensure compliance with accounting principles, standards, and regulatory requirements.
- Coordinate with internal departments and external auditors to ensure accurate and timely reporting.
- Oversee financial reporting process, ensure SLA adherence and ensure no disruption to operations
- Bachelors or Masters Degree in commerce or finance and qualified professional accountant (Graduate (Finance) , Post-Graduate (Finance) , BBA, MBA, CA, CMA, CS) 10+ Years
- Strong knowledge of Lloyd’s Market Syndicate Reporting and regulatory returns.
- Experience with premium, claims, and reinsurance accounting.
- Understanding of Solvency UK / Solvency II, UK GAAP, and IFRS.
- Expertise in financial reporting, reconciliations, and audit support.
- Advanced Excel and reporting tools (Oracle, SAP, SUN, Hyperion/FCCS, BlackLine, etc.).
- Strong analytical, stakeholder management, and communication skills.
- Strong knowledge of Llyod's Portal like Core Market Return, Overseas Reporting System, Secured Share & MDC, etc.
Job description provided by EXL Service.
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