Lead Assistant Manager

Position Title, Responsibility Level

LAM

Function

Lloyds Accounting & Reporting

Reports to

Manager

Permanent/ Temporary

Permanent

Location

Noida – C59

• Subject Matter Expert in Lloyds accounting and relevant reporting, General Accounting, Expense Allocations, Fixed Assets, Intercompany, Reconciliations, etc.
• Good knowledge on Syndicate accounting and three underwriting years, Reinsurance to Close (RITC) /Estimated Future liability (EFL)
• Booking of Solvency II adjustments like Goodwill and DAC Write off, Re class and other calculations
• Understanding of insurance and Reinsurance side of operations Bordeaux statements and settlements
• Preparation of process documentations, ad hoc reports and supporting manager
  

Essential Functions

• Requires the knowledge and ability to prepare and Premium Claims Journals and their Reconciliations, investigate problems,
• Insurance accounting Solvency II regulatory reporting experience and UK/US GAAP and IFRS 17 knowledge preferred.
• Good knowledge in Insurance and Reinsurance Domain: Claims and Underwriting/Pre & Post Bound Operations ability to understand the policy agreements and its endorsements and amendments done for financial impact
• Ability to understand the significance of various activities in statutory/GAAP accounting close cycle and deliver results accordingly.
  

Primary Internal Interactions

• Manager for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
• Manager for the purpose of settling issues left unresolved by the Assistant Manager 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
  

Organizational Relationships

Reports To

Skills

Technical Skills

• Chartered Accountant, CPA, CFA or equivalent with 4-6 years’ experience.
• B. Com with strong practical experience in reporting for more than 6-8 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 UK GAAP accounting principles and procedure Should have expert level understanding of GAAP accounting principles and procedures.
• 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 process improvements
• Ability to pay great mindfulness – especially during processing of transactions
  

Education Requirements

• Chartered Accountant, CPA, CFA or equivalent with 4-6 years’ experience.
• B. Com with strong practical experience in reporting for more than 7 - 9 years
• 4-6 years of experience in Insurance technical accounting or reporting area preferably with Syndicate or insurance company.
• Should have good understanding of GAAP accounting principles and procedures.