Assistant Syndicate Accountant
?? Ensure timesheets are accurately and diligently completed within the required timeframe. Managers only – in addition, ensure timesheets are authorised within the required timeframe.
?? Develop an understanding of the risks and controls relevant to the finance function, operate within the prescribed procedures and guidelines and report/discuss issues with the line manager.
?? To comply with the applicable Information Security Management System (ISMS) policies, including Clear Desk and Screen Policy, attend annual IT security training, Information Systems Usage policy. Managers only – ensure that all direct reports comply with all ISMS policies.
?? To comply at all times with the PRA/FCA's Conduct Standards, namely: 1.) to act with integrity 2.) to act with due skill, care and diligence and 3) to be open and co–operative with the FCA, the PRA and other regulators.
?? Maintain accounting records for managed and outsourced syndicates (as delegated) including underwriting journals and assisting in the preparation of the trial balance.
?? Responsible for the preparation of reconciliation work e.g. bank balances, LCA balances overseas deposits and investment accounts
?? Assist in the preparation of Lloyd's returns as delegated, primarily VAT and cash based submissions (QAD, 350 QMA, US Reporting)
?? Lead the preparation of weekly/monthly/quarterly cash flow.
?? To reconcile monthly control accounts and preparation of Trial Balance
?? Prepare, submit and account for direct cash payments (cheque, global transfer or internet banking).
?? Liaise with auditors and external clients as necessary
?? Provide ad hoc support to other members of the finance team as directed
?? Good grasp of fundamental accounting principles.
?? Preferably studying for a relevant professional qualification.
?? Familiarity and some experience of basic Lloyd's reporting requirements.
?? Sound knowledge of IT systems in use within the accounting function – especially Excel, Vision, Sun Accounts.
?? Ability to produce consistently accurate work to tight deadlines.
?? Ability to progress issues on own initiative, but sufficient judgement to know when to refer to Syndicate Finance Manager or Head of Syndicate Finance.
?? Ability to work in an orderly and well organised fashion.
?? Willingness to learn and put in extra effort when circumstances require.
?? Good communication skills both verbally and in writing.