Job Description
Job description
Job summary
Working within the Finance Department of a UK Group of Lloyd's Insurance Market companies, and under the ownership of China Re Group; this role is responsible for preparing the quarterly consolidation, preparing regularly occurring complex BAU transactions and the reconciliation of the subsequent balance sheet accounts for all corporate entities' general ledgers including two overseas offices and two wider group company entities.
The role will work in conjunction with the Senior Corporate and Consolidations Manager to ensure the smooth production of information from the ledgers necessary for the population of regulatory returns and management information as well as quarterly onward group reporting to China Re.
Main duties
• Preparing the accounting of complex transactions in the relevant ledgers of the corporate entities such as dividends in specie, IFRS16 adjustments and group eliminations
• Preparation of monthly and quarterly account reconciliations in relation to the above
• Review and analysis of remote office submissions and upload into PeopleSoft where applicable
• Preparation of Statutory Accounts and DFSA returns for Dubai Office
• Running of the revaluation and translations processes as well as reconciling their outputs
• Running of the consolidation process including automated PeopleSoft processes as well as manual consolidation adjustments, and the reconciliation of consolidation output
• Review and resolve variances noted in reconciliations and other reviews
• Reviewing the work of peers
• Prepare and post regularly occurring BAU journals for the Corporate entities
• Prepare reconciliation packs and link into underlying balance reconciliations for the Corporate entities
• Complete ad hoc investigation on balances which are the responsibility of the Corporate accounting team as and when required
• Preparation of process documentation relevant to Corporate accounting
• Liaise with others including both internal and external to ensure deadlines for BAU tasks are met
• Support the design of improvements to BAU processes and lead on implementation
• Support the maintenance of a sound system of internal controls
• Provision of supporting documentation for internal and external audits
• Active participation on various project work and ad-hoc tasks including carrying out testing of accounting and related system changes
Our requirements
Relevant experience
Essential
• Working knowledge of consolidation processes and procedures
• Ability to manage competing deadlines under pressure
Desirable
• Exposure to the Lloyds market
Technical skills
Essential
• Working knowledge of reporting requirements imposed by UK GAAP, Companies Act and IFRS
• Advanced experience of using Excel
• Excellent verbal communication
Desirable
• Working knowledge of PeopleSoft
Education & Experience
Essential
• CIMA/ACCA/CA/ACA qualified/newly-qualified
Personal skills
• Able to deliver results under tight deadlines, showing flexibility when required
• Strong sense of accountability and ownership of the work assigned
• Emphasis on quality of the outputs produced
• Self-starter requiring minimum supervision, with the ability to solve problems and find solutions
• Can do attitude and willing to take more responsibility
• Good communication skills with those in the immediate team
• Organised and able to ensure outstanding issues and queries are resolved in a timely fashion
ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Job summary
Working within the Finance Department of a UK Group of Lloyd's Insurance Market companies, and under the ownership of China Re Group; this role is responsible for preparing the quarterly consolidation, preparing regularly occurring complex BAU transactions and the reconciliation of the subsequent balance sheet accounts for all corporate entities' general ledgers including two overseas offices and two wider group company entities.
The role will work in conjunction with the Senior Corporate and Consolidations Manager to ensure the smooth production of information from the ledgers necessary for the population of regulatory returns and management information as well as quarterly onward group reporting to China Re.
Main duties
• Preparing the accounting of complex transactions in the relevant ledgers of the corporate entities such as dividends in specie, IFRS16 adjustments and group eliminations
• Preparation of monthly and quarterly account reconciliations in relation to the above
• Review and analysis of remote office submissions and upload into PeopleSoft where applicable
• Preparation of Statutory Accounts and DFSA returns for Dubai Office
• Running of the revaluation and translations processes as well as reconciling their outputs
• Running of the consolidation process including automated PeopleSoft processes as well as manual consolidation adjustments, and the reconciliation of consolidation output
• Review and resolve variances noted in reconciliations and other reviews
• Reviewing the work of peers
• Prepare and post regularly occurring BAU journals for the Corporate entities
• Prepare reconciliation packs and link into underlying balance reconciliations for the Corporate entities
• Complete ad hoc investigation on balances which are the responsibility of the Corporate accounting team as and when required
• Preparation of process documentation relevant to Corporate accounting
• Liaise with others including both internal and external to ensure deadlines for BAU tasks are met
• Support the design of improvements to BAU processes and lead on implementation
• Support the maintenance of a sound system of internal controls
• Provision of supporting documentation for internal and external audits
• Active participation on various project work and ad-hoc tasks including carrying out testing of accounting and related system changes
Our requirements
Relevant experience
Essential
• Working knowledge of consolidation processes and procedures
• Ability to manage competing deadlines under pressure
Desirable
• Exposure to the Lloyds market
Technical skills
Essential
• Working knowledge of reporting requirements imposed by UK GAAP, Companies Act and IFRS
• Advanced experience of using Excel
• Excellent verbal communication
Desirable
• Working knowledge of PeopleSoft
Education & Experience
Essential
• CIMA/ACCA/CA/ACA qualified/newly-qualified
Personal skills
• Able to deliver results under tight deadlines, showing flexibility when required
• Strong sense of accountability and ownership of the work assigned
• Emphasis on quality of the outputs produced
• Self-starter requiring minimum supervision, with the ability to solve problems and find solutions
• Can do attitude and willing to take more responsibility
• Good communication skills with those in the immediate team
• Organised and able to ensure outstanding issues and queries are resolved in a timely fashion
ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
💡 Quick Summary
Seeking a career-building opportunity? The Corporate and Consolidations Accountant |6 month FTC position is now open for candidates interested in the Accountant Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
