Assistant Syndicate Accountant
Assistant Syndicate Accountant
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Job Description
In good company.
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty Hamilton Select and Hamilton Re each with dedicated and experienced leadership provide access to diversified and profitable business around the world.
Headquartered in Bermuda Hamilton has over 600 employees with key underwriting operations in London Bermuda the US and work collaboratively we share a passion for the service and results we deliver and we know that what we do each day is meaningful to our customers and our business. We believe we are In good company. with everyone we interact with.
Were looking for an
Assistant Syndicate Accountant
Based in our London office and reporting to the incumbent Syndicate Accountant this role will sit within the Syndicate Finance team working on the Hamilton backed Syndicate 4000.
The primary purpose of the role is to provide support to the senior members of the Syndicate Finance team in all aspects of Group and Lloyds Regulatory reporting (reporting in US and UK GAAP respectively). Note the day-to-day bookkeeping is outsourced to an offshore team based in India and this is a key relationship to manage.
Our ideal candidate will be someone with recent experience in a Lloyds managing agency or insurance company or someone from professional practice with recent experience of London market insurance audits or transactions.
Hamilton Global Specialty is our multi-platform specialty insurer operating primarily through a Lloyds Syndicate and Dublin operating company with a managing general agency in the US.
What you will do
- Assist in the production of core Lloyds regulatory returns ensuring that they are completed in accordance with regulatory timetables and guidelines
- Assist in the production of ancillary returns to regulators
- Oversight of the offshore bookkeeping team ensuring that balance sheet controls and day-to-day bookkeeping functions are carried out in an accurate and timely manner
- Sign-off of key reconciliations prior to Lloyds reporting to an audit standard appraising the Syndicate Accountant of any areas of concern
- Trial balance preparation and maintenance to include the RIESCO process for investments and cash assets
- Assist in the maintenance and sign-off of SOX controls for Group reporting
- Continually use the feedback loop to enhance processes
- Interact with external audit teams by providing data and responding to queries
Conduct Standards
- You must act with integrity
- You must act with due skill care and diligence
- You must be open and cooperative with the CBI FCA the PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for retail customers
What you require for the role
- A good understanding of best practice bookkeeping and ledger maintenance processes
- Ideally working towards an accounting qualification
- Be familiar with key elements of insurance accounting particularly the nuances of Lloyds reporting i.e. the Underwriting Year of Account allocation process and the Lloyds Central Accounting process
- Strong Microsoft Office skills in Excel and Word are essential
- Knowledge of SUN general ledger and Q&A (excel add-in tool) would be an advantage
- Good communicator (verbal and written) paying attention to detail and ability to work to deadlines
- Open innovative and inclusive mindset
- Collaborative spirit
- Results-oriented and growth mindset
What you can expect from us
We offer a vibrant entrepreneurial and collaborative culture guided by our values: Be Smart Be Sensible Be Open and Be More.
We know if we welcome and respect differences well attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.
Hamilton will provide ongoing support for professional qualifications.
Required Experience:
Senior IC
Employment Type
Full-Time
