Overview

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Syndicate Financial Controller

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PoloWorks .This role manages all aspects of reporting and accounting for two to three of PMA’s managed syndicates, including GAAP accounts, Lloyds regulatory returns, and external reporting for Syndicate Management Committees and the Audit Committee, while maintaining an effective control environment. This is a client-facing role; Polo Managing Agency is a third-party Managing Agency, managing syndicates on behalf of third-party capital providers. The role requires deep knowledge of insurance accounting and Lloyd’s reporting. It is a hybrid role with a minimum of three days per week in the office in London.The role is supported by a Syndicate accountant in London and a team of accountants based in Cheltenham who are primarily responsible for compiling and producing the syndicate financial and regulatory reports. The role requires liaison across several divisions of the Polo group to facilitate the timely production of accurate financial information and to work in a changing, growth-focused environment.

Key Responsibilities

Manage all aspects of the Polo managed syndicate’s reporting and accounting.

Assist in onboarding new syndicates, and potentially help syndicates migrate to their own Managing Agent (if that is their longer-term strategy).

Review and recommend for submission all Lloyd’s quarterly and annual regulatory returns.

Standardize external reporting; review/approval of CFO/FD/Finance reports and Audit Committee Financial Reports.

Effectively manage the quarterly close process and reporting requirements, and, in doing so, manage, execute and dictate process, timetables and deliverables to all stakeholders – internally and externally.

Manage the external audit timetable and process across all departments that contribute to the audit client schedule list. Work closely with the FD to manage the syndicate auditors and resolve audit issues as required.

On-board the accounting and reporting requirements for any newly acquired syndicates in collaboration with the FD.

Assist with technical accounting for transactions, including RITCs, and develop Board papers accordingly.

Work with the wider syndicate finance teams to develop and streamline reporting processes in a standardized and uniform manner.

Drive the development of reporting systems and processes capable of meeting the demands of an evolving business area.

Provide timely, high-quality management accounting information to all business units using the Syndicates, with extensive business partnering between finance, actuarial, data/MI and claims teams.

Own, drive and continuously improve the Syndicates reporting processes.

Produce timely, insightful, and strategic financial MI for management and the Board.

Ensure appropriate Financial Controls are in place and operating effectively (in line with the Group financial controls framework) and identify and close any financial control gaps.

Develop a suite of financial risk management reports/dashboards covering risk of misstatement, liquidity, capital, credit, and tax, working with subject matter experts from other Group teams.

Lead, motivate and develop the team, including embedding new/improved financial processes.

Act as an effective change agent – comfortable working in an agile way.

Skills, Knowledge And Expertise

Degree level, fully qualified accountant with extensive experience + PQE.

Essential experience in Syndicate/Lloyds and Insurance reporting.

Strong GAAP technical knowledge and good regulatory understanding – specifically within insurance.

Highly numerate and analytical, disciplined, and organized, with good system understanding; proven leadership capabilities and ability to communicate and motivate across all levels of the business.

Team player with the ability to work under pressure and be flexible.

Good verbal and written communication skills.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Insurance

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