Senior Accountant LMIE at Liberty Specialty Markets

General information

City: London

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 22-Sep-2023

Employment Type: Fixed term contract

Employment Type: Full time

Ref #: 1234570398

Description & Requirements

Role Title: Senior Accountant

Department: Accounting Operations

Division: Finance

Location: London

Type: Permanent

About the Role

To support the Accounting Operations Gross Team to deliver the Finance Change project (FTOM) by direct involvement in the project tasks and taking on BAU tasks from other team members to free them up to support the project as well.

About the Department & Team:
Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ (London, International and Reinsurance) and to the supporting finance functions within LSM

To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches and a number of small service companies

To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis

To ensure superior management of our investments, cash and all financial risks

To give finance operations support to the business and finance

Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities

Support the Finance Manager to complete month end submission including booking and reconciling of technical and non-technical entries into LSM’s accounting systems.

Support the Finance Manager to complete the reporting requirements for the Insurance Carrier and Service Companies, that is right first time and on time.

Working with the Finance Manager to ensure the completion and submission of monthly US GAAP Reporting within Parent company deadlines for the Insurance Carrier and Service Companies.

Build relationships with local LSM FP&A business partners, Legal Entity Reporting team and US GAAP Reporting teams to ensure deadlines and reporting requirements are met.

Build relationships with local Expense, A/P, Technical Operations, Treasury & Tax teams to better understand the quality & accuracy of US GAAP transactional processing.

Assist the Finance Manager to improve processes by identifying and communicating opportunities to enhance work or address process breakdowns.

Working with the Finance Manager, support investigatory efforts to provide clear and adequately detailed commentaries on company monthly financial statement

Provide clear and relevant ad hoc reports on analytical variances as required

Relate to others in a professional manner.

Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

Qualified accountant with knowledge and experience of London Market insurance accounting essential

Experience in US GAAP, non-technical accounting and financial reporting

Good understanding of the drivers of underwriting results from both a commercial and an accounting perspective, including an appreciation of actuarial processes and understanding how actuarial estimates translate into GAAP results.

Managing investigations and correction of identified ledger issues

Advanced Excel skills.

Experience with US reporting is a benefit, as is exposure to SAP and HFM.

Knowledge of Liberty’s processes and business is a benefit, but not required

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development.

Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.

Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.

A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion