Negotiable
Undetermined
Hybrid
London Area, United Kingdom
Summary: The Syndicate Change Lead role at Chaucer involves optimizing and transforming financial reporting processes within the Finance department of a leading specialty insurance group. The position focuses on enhancing efficiency, accuracy, and compliance for Syndicates while driving automation and standardization across reporting cycles. The role requires a proactive approach to process improvement and collaboration with internal and external stakeholders. This is a 12-month fixed-term contract based in London.
Key Responsibilities:
- Assess current financial reporting processes to identify inefficiencies, risks, and improvement opportunities.
- Design and implement streamlined workflows to reduce manual effort and improve accuracy.
- Develop standardized templates for consistency across syndicates.
- Reduce manual interventions and improve data integrity across reporting cycles.
- Ensure all reporting processes comply with Lloyd’s, PRA, and Solvency II requirements and internal controls.
- Maintain robust documentation and internal controls for audit readiness.
- Establish KPIs to measure efficiency and effectiveness of reporting processes.
- Promote a culture of continuous improvement and operational excellence within the reporting team.
- Participate in various ad-hoc projects as needed to support the wider reporting team.
Key Skills:
- Proven experience in process improvement or finance transformation projects.
- Familiarity with reporting tools and automation technologies.
- Able to deliver results under tight deadlines, showing flexibility when required.
- 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 responsibilities.
- Able to communicate at every level within the organisation.
- Qualified Accountant (CA, ACCA or CIMA).
- Strong background in Lloyd’s accounting and reporting rules, UK GAAP, Solvency II, Companies Act.
- Advanced Excel skills.
- Knowledge of Lloyd’s software (desirable).
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
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 www.chaucergroup.com
Job Profile Summary Working within the Finance department of Chaucer, a leading specialty insurance group with Lloyd’s and Company market operations, headquartered in London with international hubs for Europe, Latin America and Asia. Chaucer benefits from the ownership of China Re, a Hong Kong listed entity, and one of the top 10 reinsurance companies in the world. The role will be responsible for reviewing, optimising, and transforming financial reporting processes to enhance efficiency, accuracy, and compliance for the Syndicates. This role will drive automation, standardisation, and best practices across reporting cycles, ensuring timely and high-quality outputs for internal and external stakeholders.
Job Description Assess current financial reporting processes (including Lloyd’s returns and statutory accounts) to identify inefficiencies, risks, and improvement opportunities. Design and implement streamlined workflows to reduce manual effort and improve accuracy. Develop standardised templates for consistency across syndicates. Reduce manual interventions and improve data integrity across reporting cycles. Ensure all reporting processes comply with Lloyd’s, PRA, and Solvency II requirements and internal controls. Maintain robust documentation and internal controls for audit readiness. Establish KPIs to measure efficiency and effectiveness of reporting processes. Promote a culture of continuous improvement and operational excellence within the reporting team. Participate in various ad-hoc projects as needed to support the wider reporting team.
Skills and Competencies Proven experience in process improvement or finance transformation projects. Familiarity with reporting tools and automation technologies. Able to deliver results under tight deadlines, showing flexibility when required 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 responsibilities Able to communicate at every level within the organisation
Education & knowledge Qualified Accountant (CA, ACCA or CIMA) Strong background in Lloyd’s accounting and reporting rules, UK GAAP, Solvency II, Companies Act Advanced excel Knowledge of Lloyd’s software (desirable)
Why Chaucer An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024. This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focused on the areas where we can provide the most expertise and value to our brokers and clients.
Hybrid working We have no appetite to change this, whilst the market is steadily moving back to 4/1 working days, we are continuing to operate on a much more flexible hybrid basis with Heads of teams working closely with employees to strike a balance of what works best in their area. Our approach has been immensely popular and a successful way of working for the business and all employees at Chaucer.
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.
Benefits – Extensive, non-contributory benefits, including pension, medical insurance, life insurance, flexi benefits, options for buying and selling holidays, not to mention a diverse and inclusive culture, we pride ourselves on managing employees welfare. We have a wide range of other benefits on offer.