Job Description
We're excited to announce a newly established senior management role within a rapidly expanding Group. Reporting directly to the CFO, this position is pivotal in overseeing financial operations, nurturing client relationships, managing regulatory compliance, and handling budgeting for an increasing portfolio of syndicates under the PoloWorks Polo Managing Agency division. This role offers a unique opportunity to contribute significantly to our growth trajectory and strategic direction.
Key Responsibilities
* Work closely with the CFO to ensure that the PMA finance function is managed, coached, developed and sufficiently resourced.
* Be the primary point of contact for PMA clients and the executive team for syndicate financial-related matters across all disciplines.
* Work closely with the Chief Actuary and Head of Client Finance to ensure that the production and reporting of managed syndicates works efficiently and with effective governance maintained at all times.
* Ensure compliance with relevant regulations, including the Lloyd’s Principles of Doing Business and that an appropriate control framework and governance is maintained through policies, procedures and training.
* Oversee production of Board and Management MI related to PMA syndicates alongside external reporting requirements, for example: Syndicate Report and Accounts, and Lloyd’s Regulatory Returns. Ensuring the quality is maintained throughout.
* Own the relationship with the syndicate auditors, resolving issues where they arise and ensuring deliverables are managed and timetables adhered to.
* Drive the implementation and development of finance systems to create efficiencies and improve the quality of reporting.
* Maintain internal accounting policies and work closely with the Risk function ensuring suitable control frameworks and governance is maintained.
* Manage risk through analysis of liabilities and investments, taking, or recommending appropriate actions if required.
* Oversee cash flow and liquidity management across managed syndicates.
* Primary point of contact with regard to Group reporting queries relating to the Marco syndicate.
* Attend audit committees and exec meetings where required, providing financial insight on managed syndicates.
Key Performance Indicators
* Positive role model for Polo values and behaviours
* Clear and concise communications, both internally and externally
* Meets all internal and external reporting deadlines, including time for Board/management review
* Financial reporting and record keeping is accurate and audit differences are minimal/none
* Financial control frameworks are maintained and improved upon
* The team are motivated, performing strongly and we have a platform for further growth
Key Relationships
* Polo Managing Agency Executive team
* Polo Managing Agency Clients
* Lloyd’s of London
* External Auditors, banks and chosen investment managers
* Marco Controllership Group
Decision Making
* Senior management level remit of decision-making
Experience and Skills
* Proven experience in senior finance roles within the Lloyd’s market
* Preferred experience in a senior finance role in a multi-national group
* First-class communication and stakeholder management skills
* Excellent working knowledge of Lloyd’s and the London insurance industry
* Strong leadership and people management skills
* An analytical mind, comfortable with numbers on a GAAP, YoA and Solvency II basis
Demonstrates behaviours aligned to the PoloWorks PRIDE values:
Pioneering – we don’t stand still
Responsible – we do the right thing
Inclusive – we all play a role
Delivery Focussed- we provide services we are proud of
Empowering – we equip people to be their best
Knowledge and Qualifications
* Qualified accountant with at least 10 years experience in Lloyd’s
* In depth knowledge of finance, regulatory reporting and risk management practices
* Excellent knowledge of data analysis and planning / forecasting
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