General
Job Title: Syndicate Accountant
Location: Dublin
Contract Type: 18-month Fixed Term Contract
Division: Finance
Reports To: Syndicate Finance Team Lead
Key Relationships: Syndicate Team Lead, Syndicate Finance Manager / Syndicate Controller, Finance team, Lloyd’s of London, Banks, Actuaries, Underwriters, Ceded RI, Underwriting Teams, Technical Accounting and Auditors.
Job Summary: Responsible for supporting the Syndicate Team Lead in maintaining/preparing accurate FRS 102/103 ledgers for the seven syndicates that Beazley own and manage. This role sits within the Syndicate Reporting team which comprises 10 finance professionals. You will be involved with the preparation of annual financial statements for the syndicates.
Core Values: It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
Key Responsibilities:
Financial Reporting
* Preparation of quarterly accounting ledgers for seven syndicates using Agresso (ledger) and Workday (in the future).
* Preparation and review of key balance sheet reconciliations on a quarterly basis.
* Support the preparation and review of the UK GAAP/FRS 102 statutory financial statements for the seven Lloyds syndicates.
* Development and maintenance of complex calculations which support the quarterly close of syndicate ledgers.
* The Syndicate Reporting Team is responsible for all premium, brokerage, binders, claims (incurred/IBNR/ULR), reinsurance (XL & QS), profit commissions, commissions and various other ad-hoc areas of the ledgers.
* Support the resolution of external audit queries.
* Produce ad-hoc reports and assist other members of Finance with their queries.
Finance Projects and Process Improvements:
* Strive to improve process documentation and efficiency between busy periods.
* Assist with ad-hoc projects as they arise.
Personal Specification:
Education and Qualifications
* Qualified accountant (ACCA/ACA/CIMA or equivalent).
* University degree in finance/business/accounting preferred.
Skills and Abilities
* Intermediate/advanced Excel skills essential.
* Experience working with non-life insurance accounting preferred.
* Working knowledge of IFRS/FRS102/FRS103; IFRS 17 knowledge not essential.
* Intermediate skills with MS Office software, such as Outlook, Word and PowerPoint.
* Must be able to work as part of a team.
* Excellent interpersonal and communication skills.
* Proactive, self-starter, seeks continuous improvement.
* Ability to manage time, meet deadlines and prioritise.
Knowledge and Experience
* Knowledge of non-life insurance company accounting is preferred.
* Knowledge of Lloyds market/syndicate accounting is preferred, but not essential.
Aptitude and Disposition
* Self-motivated, flexible and enthusiastic.
* Must demonstrate desire for continuous improvement.
* Professional approach to successfully interact with senior management/colleagues/external suppliers.
* Diplomatic.
Competencies
* Teamwork
* Coaching ability
* Technical competence and expertise
* Accuracy
* Analytical thinking/information seeking
* Speed and quality
* Communication
* Energy
* Integrity
* Flexibility
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