Syndicate Accountant
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 a
Syndicate Accountant
Based in our London office and reporting to the Syndicate Finance Manager this role will sit within the Syndicate Finance team working on Hamilton backed Syndicate 4000.
The primary purpose of the role is to support all aspects of Group and Lloyds Regulatory reporting (reporting in US and UK GAAP respectively). Note the bookkeeping is outsourced to an offshore team based in India and this is a key relationship to manage.
The role will have one direct report based onshore.
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
- Build of the trial balance and sign-off of key reconciliations prior to reporting to Group and to Lloyds appraising the Syndicate Finance Manager of any areas of concern
- 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
- Produce on a timely basis the input for SOX controls and upload of evidence to the portal
- For regulatory reporting ownership of the production of core forms / core returns ensuring other departments contribute as required. Communicate findings for areas responsible for in order to enhance management review
- Assist with the production of management accounts
- Assist in forecasting results and cash flows processes that sit outside of the ledger
- Key interface with external audit team
- Training and oversight of direct report (Assistant Syndicate Accountant)
- Liaise with other departments (Underwriting Actuarial Reinsurance) to ensure that processes are efficient and lead to the production of accurate results
- Continually use the feedback loop to enhance processes
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
- 1-3 years post qualified accountant
- Familiarity with insurance accounting and in particular the nuances of Lloyds reporting. Training will be given to cover areas the successful candidate has not had prior experience of
- Ability to demonstrate technical competence and share that knowledge with the junior and offshore members of the team
- Strong Excel Word and PowerPoint skills essential
- Knowledge of SUN general ledger and associated 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 are key attributes in making this role a success
- Strong presentation skills with the ability to convey complex information narrative and analysis in a succinct form using a variety of formats (charts graphs tables data and commentary).
- Technical expertise & capabilities within your field
- Ability to productively leverage data and technology
- Open innovative and inclusive mindset
- Collaborative spirit
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.
Required Experience:
Senior IC
Employment Type
Full-Time
