Regulatory Reporting Manager
About this role
Overview
About us
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
Role Purpose
The primary role of the Regulatory Reporting Manager is to manage the production of Lloyd’s regulatory reporting and statutory accounts.
Key Responsibilities
- To manage the production of all regulatory returns, syndicate and statutory accounts to ensure accuracy and completeness (QMA, Solvency UK, RRQ, RRA, Situs Returns, Stat Accounts)
- To regularly review the Syndicate 1856 balance sheet and to advise the Syndicate Finance team of adjustments that are required
- To establish and maintain contacts within regulatory organisations to resolve queries swiftly and accurately
- To liaise with external auditors and actuaries, providing appropriate information as required
- To liaise with Lloyd’s Compliance Office and keep up to date with Lloyd’s regulations and bulletins and incorporate changes as required
- To manage the preparation of the Syndicate Report & Accounts
- To ensure appropriate training opportunities are provided to enable the Team to have the necessary job knowledge and professional qualification
- To complete regular performance reviews and maintain development/training plans for each Team member
- Carry out other reasonable tasks as required by line management
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience
Essential
- ACA/ACCA/CIMA accountancy qualification with post qualification work experience and excellent academic credentials
- Insurance experience a pre-requisite, especially Lloyd’s
- Strong grasp of UK Insurance GAAP
- Understanding of Lloyd’s syndicate accounting
- Lloyd’s regulations, byelaws and reporting requirements
- Experience of working with Microsoft Office tools, especially Excel, data manipulation and handling data sets essential
- Ability to build relationships with a variety of stakeholders.
- People Management
Core behavioural competencies
- Analysis and decision making
- Innovation and problem solving
- Communication and influence
- Development of self and others
- Resilience and adaptability
Additional Information
- A full job description can be seen here
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Company at a glance
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood.
For these people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
We are at the start of a period of profound change in the motor world. Vehicles are more connected, intelligent, and accessible than ever. It is thought that by 2050, transportation will be dramatically different in urban areas, as more and more people opt for shared travel / shared ownership, and Mobility as a Service (MaaS) takes shape.
As the UK’s largest specialist motor insurer, we have immersed ourselves in this changing world, learning and adapting to provide our brokers with the insight and specialist cover that their clients require along the journey of future mobility.
Our new Class of business, Motor Innovation is designed for the vehicles of tomorrow; from autonomous cars and connected vehicles to insurance embedded into platforms and insurance cover for limited durations
Discover more at ers.com
Top Benefits
- Training And Development Opportunities
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