Syndicate Reporting Manager

Job Title: Syndicate Reporting Manager

Direct Reports: 2

Position Type: Permanent fulltime

Overview:

Why Tokio Marine HCC

Standing still is not an option in the current world of Insurance. TMHCC are one of the worlds leading Specialty Insurers. With deep expertise in our chosen lines of business our unparalleled track record and a solid balance sheet TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit empowering our people and delivering on our commitments are at the core of our customer values and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

• Manage the Lloyds Syndicate Reporting Team to ensure the accurate and timely production of all Lloyds Syndicate Reporting which are compliant with regulatory requirements;
• Review forecast Syndicate class of business results understanding and communicating any variances to plan to internal stakeholders including
• providing forward looking insight on the impact of new Lloyds regulatory and reporting requirements;
• Lead the teams transformation of Syndicate reporting including liaising with the BI team and development of an enhanced DataMart to automate Syndicate reporting allowing focus on analysis understanding and communication of business performance of Syndicate classes of business and other key metrics;
• Develop the Lloyds Syndicate Reporting Team embedding a culture of continuous improvement.

Key Responsibilities:

Manage the Lloyds Syndicate Reporting Team processes and deliverables;

• Manage the compilation of syndicate reporting in line with Lloyds reporting timetable;
• Ensure timely preparation specifically GQD QMA QMB PMDr Trust Funds TRIA NAIC US SIS CAN SIS and DD returns for GAAP signed and Forecast results for submission to Lloyds;
• Manage and present returns to internal & external stakeholders communicating key messages for review as part of the TM HCC governance process;
• Timetable management to support wider finance team deliverables;
• Oversight of key syndicate controls including reconciliation of technical accounts and non technical accounts;
• Preparation of quarterly syndicate underwriting results;
• Compilation of syndicate management accounts for preparation of year end statutory accounts notes and reviews;
• Manage and prepare analytical review and commentary of business performance and position by class for management and the monthly CFO report under both UK GAAP and US GAAP;
• Manage relationships and information provided to support the annual and half yearly audit process on a timely basis;
• Ensure all syndicate UK GAAP entries are posted to the General Ledger for the Syndicate on a quarterly basis and US GAAP results are in line with expectations;
• Liaison with senior management as well as with external parties auditors and Lloyds in respect of queries raised on returns;

Syndicate forecasts

Review forecast Syndicate class of business results and understand and communicate any variances to plan to internal stakeholders including providing forward looking insight into the impact of such changes.

Ensure Lloyds Syndicate Reporting remains compliant with regulatory developments;

• Keep uptodate with changes to regulatory reporting requirements for the Lloyds Syndicate and;
• assess impact of changes on capital requirements and to reporting requirements and ensure that systems and processes are changed where required.

Drive the Lloyds Syndicate Reporting Teams transformation and ensure continuous improvement;

• Liaise with the BI team and develop an enhanced DataMart to automate Syndicate reporting allowing focus on analysis understanding and communication of business performance of Syndicate classes of business and other key metrics;
• Embed a continuous improvement approach identifying and implementing improvements in reporting process paying particular attention to reconciliation and governance controls with the objective of reducing risk of errors and improving the speed and efficiency of reporting;
• Contribute to the wider finance and business change initiatives by identifying areas for improvement performing data quality checks and reconciling data;
• Support and deliver Legal Entity Reporting projects to ensure that they meet defined objectives and are delivered on time.

Manage and develop the Lloyds Syndicate Reporting Team

• Supervision and development of two Syndicate Reporting Accountants;
• Define objectives for the Lloyds Reporting team in line with Legal Entity Reporting team goals;
• Provide support to and knowledge sharing within the team;
• Use a collaborative approach when working with others;
• Encourage a culture of continuous improvement and end to end process thinking.

Other adhoc tasks as necessary

• Support the Head of Legal Entity Reporting and wider Finance department on strategic projects as required.

Skills and Experience Specification:

Essential

• Experience and knowledge of Lloyds Insurance accounting;
• Strong practical accounting skills especially UK GAAP and US GAAP;
• Advanced skills in MS Office applications especially Excel
• Experience of managing a small team;
• Experience of implementing and maintaining an effective controls framework;
• Attention to detail and strong planning and organisational skills
• Excellent problemsolving skills
• Excellent communication skills both in writing and verbally
• General commercial and financial knowledge
• Solution focused with a methodical approach to problem solving and decision making;
• Indepth understanding of the London Insurance Market from both a Lloyds and Company Market perspective;
• The ability to manage time meet deadlines and prioritise; and
• Strong people and communication skills.

Desirable

• Experience of managing and implementing change into finance functions including system changes;
• General Ledger: PeopleSoft; and
• Experience of producing financial reports and presenting to management.

Soft Skills:

• Professional approach and delivery of work product.
• Energy enthusiasm persistence and adaptability.
• Focus on timely delivery of quality outputs.
• Ability to work collaboratively with both finance and nonfinance teams to achieve common goals.
• Drive and commitment to achieve individual project and team objectives.
• Commitment to development of self and others.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit for more information about our companies.

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