Manager

Job Description

Job Description

Position Title, Responsibility Level

Manager/Sr.Manager

Function

Lloyds reporting

Reports to

AVP/SAVP

Permanent/ Temporary

Permanent

Span of Control

Location

Noida - C59

Basic Function -

1. Preparing & review of Monthly and Quarterly Syndicate reports like Terrorism, Cargo, Political Risk, Liability, War on Land, Property, and other ad-hoc reports for Lloyds Submission
2. Expert knowledge on Syndicate accounting and three underwriting years, Reinsurance to Close (RITC) /Estimated Future liability (EFL)
3. Getting Daily Lloyds Centralize Accounts recording into ERP & reconciliations
4. Book & Review Solvency II adjustments like Goodwill and DAC Write off, Re class etc.
5. Manage the period - end close cycle - Month-end/Quarter-end/Annual for local books of various Syndicates and Insurance companies

Essential Functions

- Require expert knowledge and ability to manage month close accounting journals, review reconciliations and financial statements and UK market and Lloyds related reports, Financial Syndicate Reporting - QMA, QMB, SBF

- Assist partners or client on Calculation of MCR, SCR & best estimates for the purpose of Solvency II reporting requirements

- Technical Insurance accounting experience in Premium, Losses, DAC reserves Booking, IBNR true up etc. and Bordeaux settlements and UK GAAP or IFRS knowledge mandatory.
- Require strong understanding of Lloyds market operations and regulatory requirements. 3 years accounting system, RITC concepts

Primary Internal Interactions

- AVP for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
- AVP for the purpose of settling issues left unresolved by the AVP and monthly evaluation of performance
- Peers (team members) for the purpose of seeking co-operation & clarification on process-related matters & aiding and support when required

Primary External Interactions

- Onshore Team Manager and SMEs for daily planning of work and execution of deliverables
- Must demonstrate effective and diplomatic oral and written communication skills

Strong time management and team management and other organization skills

Organizational Relationships

Reports To : members

Skills

Technical Skills

- Chartered Accountant, CPA, CFA or equivalent with 6 - 8 years experience in US UK GAAP / IFRS accounting experience
- B. Com with strong practical experience in accounting and reporting for more than 10-12 years
- IFRS 17 knowledge is an add on

Process Specific Skills

- Good understanding of Syndicate and PMA operations for Lloyd's market
- Good knowledge in Insurance and Reinsurance Domain: Claims and Underwriting/Pre & Post Bound Operations
- Should have expert level understanding of GAAP accounting principles and procedures.
- Requires the knowledge and ability to review Journals, reconciliations provide solutions to technical accounting issues and organize projects
- Insurance accounting regulatory reporting experience or US GAAP/IFRS 17 knowledge mandatory.

Soft skills (Desired)

- Must demonstrate effective and diplomatic oral and written communication skills
- Strong time management and organization skills

Soft Skills (Minimum)

- Self-disciplined and result oriented
- Ability to multitask
- Ability to work effectively as part of a team
- Commitment and drive for results
- Strong analytical skills
- Ability to understand and question established process guidelines to bring about possible process improvements
- Ability to pay great attention to detail - especially during processing of transactions

Education Requirements

- Chartered Accountant, CPA, CFA or equivalent with 18 years experience.
- B.Com with strong practical experience in reporting for more than 10 years

- 8 - 10 years of experience in technical accounting or reporting area preferably with an insurance company.
- Should have good understanding of GAAP accounting principles and procedures.