Accounting & Finance

Technical Accountant | Lloyd’s Market Insurer | Contract Location: City of London, hybrid Start: ASAP Duration: Likely an initial six months, to be confirmed Rate: Dependent on experience I’m working exclusively with a Lloyd’s market insurer seeking a Technical Accountant to support its UK finance team. The role combines statutory and syndicate reporting, UK to US GAAP consolidation, and the development of finance controls. You’ll work closely with the UK Technical Accounting Officer and have scope to take ownership of technical accounting work from the outset. The role Prepare syndicate annual accounts for filing with Lloyd’s and support statutory reporting under FRS 102 and FRS 103. Own the UK GAAP to US GAAP consolidation walk, including adjustments, postings and reconciliation of results. Identify changes to UK and US GAAP requirements, maintain accounting policies and technical memos, and explain their impact to the finance team. Develop and review risk control matrices across UK finance, including controls over reporting processes and data hand offs. Account for consortium income and expenses, including postings and reconciliations. Support the quarterly UK group flash forecast, monthly ledger activities and other technical accounting projects. Your background You’ll ideally be ACA or CA qualified, with around three years or more of post-qualification experience gained in insurance, either within an insurer or a leading audit and accounting firm. You should be comfortable working through technical accounting issues independently, translating conclusions into accurate postings and reporting, and communicating clearly with colleagues across finance. Experience of Lloyd’s syndicate accounts, UK and US GAAP differences, or finance controls would be particularly relevant.

Our client is a growing and entrepreneurial speciality insurance business based in the heart of the London Insurance Market. With expertise across insurance and reinsurance, the business has undergone significant growth and transformation in recent years and offers a collaborative environment where employees are given real exposure across all aspects of finance and operations. The company prides itself on its people-first culture, flexibility, and commitment to professional development. Due to continued growth, an exciting opportunity has arisen for a Finance Manager to lead the finance team. This is a varied role offering exposure to both transactional and month-end accounting responsibilities, including FCA submissions, along with financial planning, forecasting and business partnering activities. Working closely with senior stakeholders, you will play a key role in ensuring the smooth running of the finance function whilst supporting the wider business with financial insight and operational excellence. Responsibilities; Preparation of year-end statutory accounts and liaise with external auditors, including insurance and reinsurance audits. The production of monthly management accounts, including P&L reporting, variance analysis and ad hoc financial reporting. Financial analysis of investment opportunities (new product launch or acquisitions), managing asset and cost allocations. Reconcile bank accounts, investigate discrepancies and monitor cash balances. Process and reconcile insurance and reinsurance premiums, working closely with brokers, insurers and relevant tax authorities. Oversee the timely receipt, review and reconciliation of Bordereaux (BDX) and remittance data from Managing General Agents (MGAs), coverholders, brokers and delegated underwriting partners. Prepare journals, accruals, prepayments and balance sheet reconciliations, ensuring an accurate and timely month-end close. Support budgeting, forecasting and cash flow forecasting activities. Prepare and submit VAT returns Manage the accounts payable function, including invoice processing, supplier statement reconciliations and payment runs. Issuance and tracking of Notices of Cancellation where necessary. Manage accounts receivable, ensuring timely invoicing, allocation of receipts and proactive credit control. Producing premium and claim reconciliations. Preparation of financials for FCA submissions for regulatory reporting Recognise and implement finance systems improvements and process optimisation as the business continues to grow. Build strong working relationships with operational teams, brokers, insurers and external stakeholders, providing financial support and insight where required. You must have; Prior experience within an insurance or reinsurance operation. Strong demonstrable experience with preparing both statutory accounts and management accounts. Experience with running transactional day-to-day finance operations including; AP and AR. Able to confidently work independently in dynamic, fact-paced and entrepreneurial environment. Possess excellent communication and relationship building skills. Able to schedule, prioritise and manage busy workloads. Salary on offer is up to £80k + benefits Please apply now to be considered.

An established and high-performing organisation within the Lloyd’s insurance market is looking to appoint an experienced Senior Credit Controller to take responsibility for a significant Delegated Authority portfolio.  Working closely with internal underwriting teams, Lloyd’s Brokers and Coverholders, you will play a key role in ensuring the timely and accurate settlement of premiums, identifying outstanding balances and driving effective resolution of problem accounts. Take ownership of a sizeable Delegated Authority portfolio, using reporting and analytics to monitor account performance, identify discrepancies and address emerging issues. Manage the end-to-end premium settlement process across key accounts, including premium signings, bordereaux and reconciliation of written versus settled premiums. Build strong relationships with Lloyd’s Brokers and Coverholders, proactively managing outstanding balances, resolving queries and driving timely payment in line with agreed terms. Work closely with Underwriting and internal stakeholders to manage challenging accounts, investigate documentation and data issues, and agree appropriate actions to minimise credit risk. Support the continued development of the Credit Control function through improved reporting, data analytics and the introduction of technology-led solutions. About You A strong working knowledge of the premium settlement cycle for Delegated Authority business within the Lloyd’s market. Good understanding of the Lloyd’s binding authority format, including key terms and conditions from a premium credit control perspective. Excellent communication and relationship-management skills, with the confidence to engage effectively with Brokers, Coverholders and internal underwriting teams. Experience working with the Insurers’ Market Repository (IMR) and maintaining policy documentation and associated settlement information. A proactive and analytical approach, with the confidence to challenge where necessary and drive outstanding balances through to resolution. Salary on offer is up to £70k + bonus, comprehensive benefits and hybrid working.  Please apply now!