Senior Syndicate Accountant

Primary Details

The opportunity

QBE is an international insurer and reinsurer, listed on the Australian Securities Exchange and headquartered in Sydney. We employ more than 11,000 people, with a local presence in 27 countries. 

We have an opportunity for a Senior Syndicate Accountant to join our Insurance Accounting function within the Corporate Reporting team.  The Corporate Reporting team are accountable for ensuring the integrity of the financial results and providing the business narrative over the balance sheet and P&L.

Your new role

As a Senior Syndicate Accountant, you will play a key role in accounting and reporting activities within the Syndicate team and ensure the accuracy and consistency of underlying data. You will be liaising with both external and internal stakeholders to manage expectations and ensure continued process excellence.

• Reviewing and challenging the Syndicate underwriting results, working closely with the Finance Business Partners. 

• Review the reserves in conjunction with the Actuarial Department to ensure completeness and accuracy. 

• Producing commentary for senior management around the Syndicate results, reviewing late adjustments, bridging analysis, group balance sheet analytics and COB reviews on a quarterly basis.  

• Overseeing and providing data into the annual Statement of Actuarial Opinion (SAO), UK Tax and US Level II returns.  

• Involvement in producing the Lloyd’s QMA and QMB quarterly returns. 

• Assist in the monthly and quarterly close process, including preparation and posting of underwriting and non-underwriting journals for the Lloyd’s Syndicates for submission to the (Re) / Insurance Finance Director, senior European (EO) management and Group. 

• Ensure the statutory books and records are properly maintained in accordance with QBE Accounting policies and market best practice and the balance sheet appropriately reflects the Syndicate position.  

• Assist on ad hoc tasks in the wider reporting team. For example Statutory Accounts, Review of other QBE company results and submission.

• Assist on Projects impacting Financial Reporting

About you

• Qualified Accountant (ACCA or equivalent). 

• Significant experience of working in a complex financial services environment. 

• Recent or current experience of working as an Accountant

• Strong financial accounting background with experience of reviewing Insurance Underwriting results preferable. Familiarity with Oracle and TM1 would be desirable but not essential

• Experienced MS Excel user (pivots, if statements, lookups and experience of working with large amounts of data) and other MS Office applications. 

• Excellent written and verbal communication skills

• Working for a Syndicate or Company Insurance Accounting team would be desirable

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://careers/flex-qbe/).

#LI-Hybrid

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include; 

5-star Diversity, Equity and inclusion (DEI) awards, 2023 Winner - Insurance Business Canada

Employer of the Year 2022Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award 

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year 

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response  

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year 

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.

We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers. 

ESG & Sustainability