The Role
Prepare, review and submit Syndicate financial statements under US GAAP; reconcile ledger accounts; ensure accurate reporting to Group and regulators; analyse performance and variances; coordinate with auditors and actuaries; support finance transformation and maintain robust financial controls for Lloyd's Syndicate operations.
Summary Generated by Built In
We are seeking a skilled Syndicate Financial Accountant to join our organisation’s finance team, specifically supporting our Lloyd’s Syndicate financial operations. This role is critical in ensuring the integrity and accuracy of Syndicate financial reporting, adhering to internal accounting policies under US GAAP, taking ownership of Corporate Member financial statements, and supporting the fulfilment of external regulatory requirements. As our ideal candidate, you will have experience from a Lloyd’s Syndicate or a similar insurance environment.
Some of the key tasks may include:
- Prepare, review, and submit Syndicate financial statements in accordance with statutory requirements and US GAAP.
- Support internal Convex teams with Lloyd’s reporting requirements.
- Manage and reconcile Syndicate ledger accounts, including profit and loss (PL), asset, and liability items.
- Support the Finance function by ensuring accurate Syndicate data is reported to the Group and BMA regulator.
- Analyse financial performance and variances, providing insights and commentary for management and the Audit Committee (AC).
- Coordinate with auditors, internal departments, and external actuaries to ensure successful audit outcomes and data integrity.
- Assist preparing supporting analysis as needed.
- Support system developments and finance transformation projects as required.
- Maintain robust financial controls in compliance with group policies.
Skills Knowledge and Expertise
- Qualified accountant (ACA, ACCA, CIMA or equivalent).
- Experience in the Lloyd’s Insurance Market, working within a Syndicate
- Deep understanding of Syndicate accounting processes.
- Highly proficient in using finance systems and knowledge of data warehousing and reporting tools is advantageous.
- Ability to communicate complex financial information clearly to stakeholders at various levels.
- Robust problem-solving skills, attention to detail, and a proactive approach.
- Experience with auditors and regulatory bodies is preferred.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
About
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.We live our values in every facet of our business:Earn our reputationEverything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.Straightforward and fairWe tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.Determined to improveHowever good we are, we are not complacent. We know we can always be better and we never stop trying to improve.Inspired by opportunityWe come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.Enjoy being differentWe feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.
Skills Required
- Qualified accountant (ACA, ACCA, CIMA or equivalent)
- Experience in the Lloyd's Insurance Market, working within a Syndicate
- Deep understanding of Syndicate accounting processes
- Highly proficient in using finance systems
- Knowledge of data warehousing and reporting tools
- Ability to communicate complex financial information clearly to stakeholders
- Robust problem-solving skills, attention to detail, and a proactive approach
- Experience with auditors and regulatory bodies
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The Company
What We Do
Convex is an international specialty insurer and reinsurer focused on complex risks, claims, and underwriting across a wide range of business lines.
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