Job Description

Position Title, Responsibility Level

LAM

Function

Lloyds Accounting & Reporting

Reports to

Manager

Permanent/ Temporary

Permanent

Location

Noida - C59

1. Subject Matter Expert in Lloyds accounting and relevant reporting, General Accounting, Expense Allocations, Fixed Assets, Intercompany, Reconciliations, etc.
2. Good knowledge on Syndicate accounting and three underwriting years, Reinsurance to Close (RITC) /Estimated Future liability (EFL)
3. Booking of Solvency II adjustments like Goodwill and DAC Write off, Re class and other calculations
4. Understanding of insurance and Reinsurance side of operations Bordeaux statements and settlements
5. 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

Strong time management and team management and other organization skills