Chief Financial Officer - Lloyd's Market

Location: London

Regulatory Classification: Senior Management Function 2 (SMF2)

Business: Lloyd’s Managing Agency

Miryco is working with a new and ambitious Lloyd’s-focused business that is seeking to appoint a Chief Financial Officer (CFO) to lead the financial management and control function of its proposed Managing Agency.

This is a significant leadership opportunity for an experienced insurance finance professional to help establish and develop the financial infrastructure, governance and controls required to support a new Managing Agency and its growing portfolio of syndicates.

The successful candidate will hold responsibility for the Managing Agency's financial strategy, financial reporting, planning, budgeting, treasury and financial control environment. Working closely with the Board and other senior executives, the CFO will play a key role in establishing a robust, scalable finance function that meets Lloyd’s and wider regulatory expectations.

The role will also involve close engagement with the development and launch of new syndicates, ensuring appropriate financial oversight, reporting arrangements and control frameworks are embedded from the outset.

The appointment will be subject to the relevant regulatory approval requirements for SMF
2.

• Lead the financial management function of the Managing Agency, ensuring appropriate financial governance, planning and control.
• Develop and implement the Managing Agency's financial strategy, aligned with its business plan and longer-term growth objectives.
• Provide financial insight and strategic advice to the Board and senior management, supporting effective decision-making.
• Lead the preparation of annual budgets, financial forecasts, business plans and associated financial projections.
• Monitor financial performance against budget, investigate variances and recommend appropriate corrective action.
• Establish appropriate financial management information and key performance indicators to support Board oversight and business planning.

• Establish and maintain robust financial reporting and accounting processes for the Managing Agency.
• Oversee the preparation of management accounts, statutory financial statements, financial forecasts and other required reporting.
• Ensure appropriate accounting policies, financial controls, delegations of authority and reconciliations are implemented and maintained.
• Oversee the Managing Agency's own financial position, cash flow, liquidity and expenditure.
• Manage relationships with external auditors, tax advisers and other financial service providers.
• Ensure appropriate arrangements are in place for the quality, accuracy and timeliness of financial information.
• Develop and maintain finance policies and procedures appropriate to the size, complexity and development of the business.

• Oversee the Managing Agency's financial resource requirements and capital adequacy in line with applicable regulatory and Lloyd’s requirements.
• Support capital planning, financial projections and stress and scenario analysis.
• Ensure appropriate monitoring, reporting and escalation arrangements are in place for financial and capital risks.
• Work closely with the Chief Actuary, Chief Risk Officer and other senior stakeholders on relevant capital, solvency and financial risk matters.
• Ensure the Managing Agency maintains appropriate financial resilience as the business develops and expands.

• Establish appropriate financial oversight and reporting arrangements to support syndicates operating under the Managing Agency.
• Ensure clear accountability, financial controls…