Job summary
Working within the Finance department of Chaucer, a leading specialty insurance group with Lloyd’s and Company market operations, headquartered in London with international hubs for Europe, Latin America and Asia. Chaucer benefits from the ownership of China Re, a Hong Kong listed entity, and one of the top 10 reinsurance companies in the world.
The role will be responsible for the preparation and review of Syndicate regulatory returns, associated management information and other project work. The candidate will also prepare analytical tools and reports to support the information produced.
Main duties
— Responsible for the production and review of Syndicate reporting to Lloyd’s, comprising:
o Flash report, QMB, Solvency II, US and Canadian situs reporting, RRQ and RRA.
o Annual and underwriting year financial statements.
o Production of analytics and commentary to support regular or ad hoc queries on, or related to, syndicate reporting.
o The responsibility includes all necessary liaison with parties involved in the process, in particular within the Finance area, to ensure the end result is delivered in the timeframe and standard required.
o Ensuring reports are produced in accordance with relevant timetables, and allowing appropriate time for management review.
o Handling of all technical aspects affecting the production of syndicate returns.
— Production of analytical tools and analytical memos supporting each of the reports produced
— Development of diagnostics and continuous interaction with underwriters and actuaries in order to develop the understanding of the figures.
— Assisting preparation of internal reports including ad hoc requirements from the Head Office.
— Support the audit process; liaising with internal and external auditors at the highest level and ensuring that all the information required is produced and the audits are completed on time.
— Contributing to a robust control environment:
o Maintaining a sound system of internal controls
o Responsible for the documentation of procedures affecting the areas under supervision
— Project work as required, and cultivating an environment of continuous improvement:
o Collaboration in the development of process and reporting improvements for increased accuracy, efficiency and timeliness.
o Active participation on finance transformation project and other relevant projects.
Our requirements
Relevant experience
Essential
Exposure to the Lloyd’s market as an accountant or an auditor and/or experience with a Syndicate reporting team.
Exposure to reporting activities to senior management committees
Technical skills
Essential
Working knowledge of Lloyd’s accounting and reporting rules, UK GAAP, Solvency II, Companies Act
Advanced experience of using Excel
Advanced report writing skills
Very good verbal communication
Desirable
Exposure to insurance accounting standards
Knowledge of Lloyd’s software
Education & Experience
Essential
Qualification in accounting
Personal skills
— Able to deliver results under tight deadlines, showing flexibility when required
— Accountability and ownership of the work assigned
— Emphasis on quality of the outputs produced
— Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions
— “Can do” attitude and willing to take more responsibilities
— Good communication skills at every level within the organisation
— Team player
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Top Skills
What We Do
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.
We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.
Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
