Syndicate Finance Manager

Posted:
5/20/2024, 5:00:00 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Role Summary and Purpose

  • The Syndicate Finance Manager in the team is performing review of accounting close functions through applying accounting policies and presents financial results to senior management.  The role is to complete the production of regulatory reporting on a UK GAAP and Solvency II basis for the Arch entities.

Key Tasks and Responsibilities

  • Ensure accurate completion of general ledger and reconciliation work on both a US and UK GAAP Basis for GAAP and Stat closure. 
  • Complete the preparation, review and submission of external regulatory & internal management & ‘Group’ reports
  • Completion & Review of Lloyd’s reporting – QMA, QMB, QF1, GQD, TPD, TRIA, NAIC,  US SITUS reporting.
  • Review of Statutory accounts or combined Statutory and underwriting year accounts completion for S2012, S1955, Managing Agent and Arch Corporate Member
  • Contribute to Board, Audit Committee and review papers to ensure accurate and timely regulatory reporting
  • Manage a team of financial professionals responsible for financial reporting. Provide guidance, mentorship, and performance feedback to team members.
  • Review quarterly reconciliations for internal controls and SOX.
  • Work directly with auditors to ensure a successful audit completion
  • Peer review of Solvency II reporting – QSR, QAD and ASR reporting for S2012, S1955 & AIUK
  • Any other duties as required

Role Requirements & Skills

Skills / Competencies

  • Knowledge of financial reporting requirements, and GAAP and Statutory Accounting Principles
  • Lloyd’s & other UK regulatory reporting for specialty insurance
  • Ability to understand and apply financial reporting practices and procedures, and implement internal control processes
  • Solid understanding of quarter-end close process and account analysis
  • Good analytical, problem solving, and decision-making skills.  High degree of accuracy and attention to detail
  • Good communication and interpersonal skills
  • Strong time management and organizational skills with the ability to consistently meet deadlines
  • Ability to work collaboratively with others within the department and across the Company
  • Strong knowledge of Excel including complex functions

Qualifications

  •  Bachelor's degree in Accounting, Finance, or a related field
    - ACCA, ACA, CIMA

Experience

  •  Lloyd’s Syndicate reporting experience (Min 7 years)
  •  Post qualified experience 5 years or above.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.