Syndicate Accountant

Syndicate Accountant

Department: Managing Agency

Employment Type: Permanent

Location: London

Reporting To: Syndicate Financial Controller

Polo Managing Agency is a provider of outsourced managing agency services within the Lloyd’s market. Due to business growth, a Syndicate Accountant role is available, reporting to the Syndicate Financial Controller (“SFC”) and responsible for day-to-day activities of the syndicate finance function. You must have a solid syndicate background and have detailed Lloyd's returns experience.

To control the finance processes for the allocated syndicates. This includes: financial management, financial close, regulatory reporting and internal controls, prior to review by the SFC . The role includes liaising closely with clients, plus internal and external stakeholders, to ensure robust processes are in place and the full range of finance tasks are completed to a good standard.

• Review syndicate bookkeeping entries and controls operated by the outsourced service provider (a Cheltenham based Polo service company).
• Prepare/Review Syndicate management accounts, including analytical review of results.
• Prepare/Review key balance sheet reconciliations.
• Prepare/Review Lloyd’s returns including QMA Delta, QMB, Flash, Interim and Year-end Report and Accounts (includes “tagging”).
• Prepare/Review Solvency UK returns.
• Prepare/Review Overseas Reporting including schedules F&P, US and Canadian SIS.
• Assist with planning and production of Syndicate annual report and accounts.
• Prepare management information for Syndicate Management Committees.
• Contribute to the development of systems for syndicate reporting.
• Respond to client and internal queries as required, maintaining a high level of service throughout.
• Liaise with Auditors.
• Support project work, including new syndicate launches as required.

Must be highly proficient with the Microsoft applications, particularly Excel.

Excellent organizational skills, ability to multi-task.

Strong attention to detail.

Highly analytical.

Ability to work semi-independently and use own initiative to problem solve.

Good team working.

Ability to work under pressure and be flexible.

Efficient, self-motivated.

Good verbal and written communication skills.

High levels of integrity and ability to lead on doing the right thing.

Demonstrates behaviours aligned to the Polo Works PRIDE values:

• Pioneering – we don’t stand still
• Responsible – We do the right thing
• Inclusive – we all play a role
• Delivery Focused- we provide services we are proud of
• Empowering – we equip people to be their best

Knowledge & Qualifications

2+ years of insurance industry experience in a syndicate reporting role or auditing Lloyd’s syndicates

Experience in dealing with change and process improvement

Qualified accountant

• competitive salary
• discretionary annual bonus
• minimum 26 days of annual leave (with the option to buy more)
• flexible, hybrid working
• private health insurance
• life assurance
• income protection
• enhanced pension contributions
• occupational maternity and paternity pay
• access to company volunteering days
• an Electric Vehicle (EV) leasing scheme
• an employee assistance programme with retail discounts and savings
• a generous employee referral scheme
• regular sports and social events

Benefits Band 3