Syndicate Finance; Contractor

Position: Syndicate Finance (6-month Fixed Term Contractor)
Location: Greater London

Job Title: Syndicate Finance (6-month Fixed Term Contractor)

Location: London

Salary Range: £100,000 - £110,000

Type: 6-month Fixed-term contract

Overview

An opportunity for an experienced, qualified accountant to support syndicate financial reporting within a Lloyd’s market insurer. The role combines year-end accounts preparation, technical accounting and balance sheet reviews with opportunities to improve reporting systems, strengthen controls and introduce automation.

Key Responsibilities

• Support year-end reporting, including preparation and coordination of managing agent reports, disclosures of interests, annual accounts and underwriting accounts.
• Set up annual reporting in WDesk, roll forward comparative information and support Schedule 3 reporting and accounts consolidation.
• Review reporting documents for accuracy, completeness and consistency across syndicates.
• Review balance sheet reconciliations, strengthening supporting evidence and documentation for insurance and reinsurance debtors and creditors, control accounts, outstanding claims, IBNR reserves and loss portfolio transfers.
• Document the purpose, preparation process and minimum supporting evidence required for each reconciliation.
• Assess the unallocated loss adjustment expense (ULAE) provision and prepare a technical accounting paper supporting the calculation and assumptions.
• Prepare year-end overseas regulatory reporting workings, including F&P and NAIC requirements, and establish robust processes for new reporting obligations.
• Review and improve existing reporting processes, introducing clear documentation and appropriate controls.
• Review and streamline finance inputs into Standard Formula calculations.
• Transfer Board and Audit Committee reporting schedules and papers from PowerPoint into WDesk.
• Identify opportunities to improve efficiency through automation and tools such as AI and Copilot.
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  Ensure work complies with relevant accounting standards, regulatory requirements and internal policies.

What We're Looking For

• A professional accountancy qualification.
• Strong experience in syndicate financial reporting, with knowledge of Lloyd’s systems, reporting requirements and the business written by syndicates.
• In-depth technical knowledge of insurance and reinsurance accounting.
• Strong knowledge of UK GAAP and Solvency II / Solvency UK reporting requirements.
• A detailed understanding of the Lloyd’s direct settlement process.
• Ability to trace insurance transactions from underwriting systems through to the general ledger.
• Confidence working with financial systems, complex reconciliations and technical accounting matters.
• Strong analytical skills, numeracy and attention to detail.
• Excellent process documentation and communication skills.
• Ability to coordinate reporting requirements with stakeholders and deliver accurate work within reporting deadlines.

Desirable but Not Essential

• Experience using the Phinsys suite.
• Experience with WDesk or a similar financial reporting platform.
• Familiarity with AI and Copilot tools to support reporting, documentation and process improvement.

About the Company

A specialist Lloyd’s market insurer seeking additional expertise to support syndicate financial reporting. The business is focused on strengthening financial controls, improving reporting processes and making effective use of technology and automation.