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Underwriting Accounting Manager

  • Location: London, City of London
  • Salary: £65000 - £75000 per annum
  • Job type: Permanent
  • Ref: COD16905457
  • Recruiter: Cormac Doyle
This vacancy has now expired.

Underwriting Accounting Manager

This is a role for a global speciality Insurance and Reinsurance business who are market leading. They are seeking a qualified accountant with experience in the Lloyd's insurance market to join their business as Underwriting Accounting Manager.

Purpose of the role:

The successful candidate will manage the Underwriting Accounting Team who are responsible for production and analysis of GAAP and Solvency II underwriting information. They are also responsible for a large amount of Management reporting which is used to support development of the business.

This role has good exposure to a number of stakeholders across the business.

Principle Accountabilities

  • Responsible for the management of the Underwriting Accounting Team and the maintenance, development, control and operation of the Group's underwriting models.
  • Responsible for the production of complete, accurate and timely GAAP underwriting accounting results for actuals, plan and forecast.
  • Manage the production of Solvency II technical provisions and to enhance the team's ability to meet growing Solvency II reporting requirements.
  • Identify and lead development, testing and implementation of process improvements relating to the production of financial information and to automate where possible.
  • Own the Underwriting Accounting financial controls framework, ensuring necessary reconciliations are performed on a regular basis and that exceptions are identified and addressed.

Primary accountabilities - performance management

  • Management of the Underwriting Accounting team will involve giving ownership to individuals to encourage, motivate and promote development.
  • Complete performance reviews in a timely manner, providing direction for the team, setting clear objectives and priorities, provide feedback on performance and establish clear development plans.
  • Ensure employees have full awareness of their training programme and undertake training.
  • Develop/enhance the team's ability to meet requirements of key stakeholders in the business.

Secondary accountabilities

  • Maintain and produce clear documentation of processes for the team.
  • Provide support to the Syndicate Finance Manager / Head of Syndicate Finance.
  • Support ad-hoc requests for information on performance of the key operating entities.
  • Be Involved in ad-hoc projects where necessary (incl. ongoing IFRS 17 assessment & implementation project).

Skills, Knowledge and Experience

  • Qualified accountant preferable (ACA/ACCA)
  • Knowledge of Insurance accounting essential
  • London Insurance Market experience, specifically Lloyd's (minimum of five years' experience)
  • Experience identifying and implementing process and system development
  • Effective team management experience
  • Excel to an advanced user level (e.g. PowerPivot, VBA)
  • Beginner/Intermediate knowledge of SQL
  • Data analysis tools and techniques
  • Knowledge of PowerQuery and PowerBI is preferable but not essential
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