The Role
The Syndicate Accountant manages financial processes for allocated syndicates, ensuring accurate reporting, regulatory compliance, and collaboration with stakeholders, while maintaining high service standards.
Summary Generated by Built In
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.
Key Responsibilities
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.
- Liase with Auditors.
- Support project work, including new syndicate launches as required.
Skills, Knowledge and Expertise
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 teamworking.
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 PoloWorks 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
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have 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 and regular sports and social events.
Benefits Band 3
Benefits Band 3
About
PoloWorks is the leading provider of UK-based support services to the insurance market. We have built a strong reputation as dedicated and dependable experts in our field. We pride ourselves on our ability to be flexible, responsive, and knowledgeable.As a leading service support company and turnkey managing agency, our clients choose us because our staff not only have the expertise but also a profound affinity with their business challenges. Our mission is to support, inspire, and develop the insurers of today and tomorrow.Our clients, whether digital start-ups or well-established organisations, rely on the PoloWorks team to develop and strengthen their businesses. Our clients' goals are our goals. As such we design and deliver bespoke solutions to their specific business challenges.Recognised as a Great Place to Work certified company and listed among the Best Workplaces in Financial Services & Insurance, PoloWorks is proud of its positive culture and commitment to its people. With offices in London and Cheltenham, PoloWorks has ambitious growth plans, offering exciting opportunities for anyone joining us on the next phase of our journey.It's our mission to unleash the potential in every team, and we know that teams perform best when they are diverse and every team member feels that they belong. It is the unique contributions of all PoloWorks colleagues that drive our success, and we are committed to building an inclusive culture where everyone is empowered to do meaningful work and are recognised for their efforts. To that end, we are committed to providing an environment free of discrimination for everyone.
Skills Required
- 2+ years of insurance industry experience in a syndicate reporting role or auditing Lloyd's syndicates
- Qualified accountant
- Experience in dealing with change and process improvement
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The Company
What We Do
PoloWorks provides business advisory and outsourced services to (re)insurers and brokers within the insurance lifecycle, operating in the Lloyd’s and companies markets.
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