Head of Syndicate Accounting & Reporting

Head of Syndicate Accounting & Reporting

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The Head of Syndicate Accounting & Reporting is a senior leadership position responsible for the strategic direction and operational excellence of the accounting and reporting function across Hiscox’s three Managed Syndicates, Managing Agent, and corporate member. Reporting to the Director of Syndicate Finance, this role leads the accounting and reporting function, ensuring effective financial management and oversight across all entities. It requires close collaboration with key business areas such as actuarial, underwriting, risk and compliance, FP&A, and group finance to support external reporting submissions and other requirements.

Responsibilities include overseeing the complete ledger controllership process, conducting financial analytics, fostering business partnerships, managing results, and ensuring comprehensive external and internal reporting. The role also oversees finance projects, including implementation and improvement of controls frameworks, automation of processes, and execution of ad hoc initiatives. It is situated within a Finance team distributed between London and Colchester and includes responsibility for overseeing service delivery and the management of outsourcing arrangements with an outsourcing business partner in India.

Director of Syndicate Finance

London

Interim – 12 Month – Fixed Term Contract

• Oversee all aspects of Syndicate Accounting and Reporting processes including complete ownership of Lloyds reporting and Solvency II reporting processes.
• Managing the production, review and sign off of Lloyd’s quarterly and annual regulatory returns, annual reports and accounts, IFRS statutory reporting with quantitative and qualitative analysis and disclosures.
• Manage the production and reporting of the corporate member share of the Syndicates’ results (on an IFRS basis) to Group Finance.
• Managing the production of interim, annual, and underwriting accounts for the three Hiscox-managed syndicates, as well as for the managing agent and corporate member accounts.
• Preparation and presentation of Lloyds results commentary including BS, P&L and other KPIs for governance committee.
• Managing the relationship with business process outsourcing service providers, ensuring optimal service delivery and effectiveness.
• Driving the automation, innovation, and development of reporting systems and processes capable of meeting the demands of an evolving business area.
• Provision of timely high quality management accounting information to all business units.
• Own, drive and continuously seek to improve the syndicates Accounting and Reporting processes.
• Supporting the Director of Syndicate Finance by preparing the presentations and papers required for the Managing Agency Board and for the Audit Committee.
• Lead on the management of the overall capital and liquidity position of the syndicates.
• Manage Lloyd’s related treasury activities including cash flow forecasts, situs trust funding and provision of Funds at Lloyd’s.
• Work closely with the Risk and Compliance functions to deliver accurate financial data, such as for the ORSA process.
• Managing the service to different stakeholders such as reserving, Syndicate FP&A etc and completing the process handovers/hand backs with various departments accurately as per the schedule.
• Function as a key point of contact for the Syndicate auditors, maintain and develop the relationship, and manage the resolution of audit issues as required.
• Ensuring group accounting policies are adhered while performing the accounting and reconciliations.
• Ensure effective financial control framework is in place and is operating effectively. Timely updating the control framework or introducing new controls where required for the process changes.
• Identify areas for process improvement and follow through to implementation, resulting in a best-in-class Finance function.
• Manage, coach, and develop the Syndicate Accounting & Reporting team.
• Work closely with the Director of Syndicate Finance in developing and enhancing…