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Arthur
,
London, Greater London
Regulatory Reporting Accountant
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Job Type: Full-time |
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Salary: £40,000 per annum |
Overview
Regulatory Reporting Accountant General Insurance - London £40,000 - £50,000 base salary bonus and benefits General Insurance company based in the City of London is Looking for Regulatory Reporting Accountant. You will be responsible for the production of the Syndicate Annual Report, Syndicate Underwriting Year Accounts and all Lloyd's Returns to a high standard, and on a timely basis. KEY RESPONSIBILITIES: To assist with preparing the Syndicate Annual Report and the Syndicate Underwriting Year Accounts, which entails: Completing early drafts to allow for several layers of internal/external reviews. Ensuring figures agree to the trial balance and are consistent between various disclosure notes. Incorporating all changes required by FRS 102/103, Lloyd's Byelaws, the Insurance Accounts Directive. Coordinating with the active underwriter, risk officer, other executive officers and the external PR agency to update commentaries. Coordinating with the internal actuaries and external investment managers to compile risk disclosures. Writing up accounting position papers as required to support a valuation or disclosure in the financials, by working in conjunction with other Finance team members. To liaise with external auditors, providing appropriate information on disclosure notes as required. To assist with preparing all Regulatory Returns which entails: Completing early drafts in good time to allow for several layers of internal/external reviews. Ensuring the returns are prepared in accordance with various Lloyd's Byelaws. Monitoring all Lloyd's bulletins and Q&As to identify changes required, ensuring these are incorporated in the Lloyd's Returns. Critically analysing the data in all Lloyd's Returns prior to submission - by raising queries and incorporating appropriate responses within the accompanying commentary - so as to pre-empt questions from Lloyd's and members' agents. Preparing draft responses to queries raised by regulators (Lloyd's, PRA, FCA and others), members' agents, investors and outward reinsurers on data contained within the various regulatory returns. To assist with treasury related tasks, which entails: Monitoring the liquidity position of the Syndicate and improve the short-term cash flow forecasting. Maintenance of all Syndicate and Group bank accounts and mandates. Preparation of Investment Committee Papers Carry out other reasonable tasks as required by line management KEY DESIRABLE ATTRIBUTES: Strong grasp of any major GAAP - International / UK / US. Strong understanding of insurance accounting. Lloyd's reporting requirements (an advantage). Microsoft office applications - in particular advanced Excel, Word and PowerPoint. Cognos TM1 reporting tool. KEY PERSONAL DESIRABLES: Qualified ACA/ACCA (or equivalent) accountant with excellent academic credentials. Insurance experience a pre-requisite, be it Company or Lloyd's market. Self-starter, problem-solver, critical-thinker in questioning veracity of figures to pre-empt questions, and able to work independently.