Service Company Assistant Accountant

Key Relationships

Finance team, Actuarial, Underwriting and claims operations, Underwriting teams, Coverholders, Third Party accounting firms, Internal and External Audit, Compliance, Credit Control, Syndicate, Service Company finance team, Corporate Finance, Credit Control and Accounts Payable

Job Summary

To ensure effective reporting of Beazley Singapore and Labuan entities into Beazley Group plc.

Key Responsibilities

Support the relevant Service Company Controller in preparing financial reporting and maintaining the Books of Account

• Bookkeeping, bank entries and monthly journals using ledger system
• Preparation of bank reconciliations on a monthly basis
• Preparation of key balance sheet reconciliations on a quarterly basis
• Review management accounts prior to uploading into group ledger
• Analytical review of period end insurance receivable and payable balances
• Day to day monitoring and matching of insurance receipts/payments
• Identifying and advising of corrective action where appropriate, to include posting journals
• Assisting in preparation of trial balances and statutory accounts
• Ensure correct intragroup eliminations are reflected as part of the consolidation
• Liaise on a regular basis with local offices and third party accountants
• Responsible for the preparation of balance sheet reconciliations and bank reconciliations
• Preparation of quarterly GST returns
• Preparation of annual tax returns for service company and syndicates
• Assist in the quarterly close processes for Beazley Singapore and Labuan service companies.
  
  

To support Group Reporting team during key reporting periods

• Assist in the reconciliation of intercompany balances and group entities
• Perform analytical review of P&L and BS for Beazley service companies
• Prepare annual statutory accounts for Beazley service companies
• Liaise with external auditors
• Report on subsidiary companies matters arising of specific relevance to the board
• Prepare papers for the subsidiaries internal governance groups
• Liaise with Credit Control, Corporate Finance Team, Claims Team, AP Team, Compliance Team, Auditors and other Finance Teams as appropriate
  
  

Pro-actively manage, develop and improve entity reporting and processes to ensure accurate, complete and timely capturing of data

• Work with several teams in developing best practice within Beazley procedures
• Help standardise and automate processes through identifying process issues and improvement opportunities
• Prepare and review necessary procedure documents
  
  

Provide Management Reporting And External Liaison

• Prepare and, if necessary, present periodic management reporting of key issues
• In particular support the production of financial reporting of entity results to the relevant regulators
• Support the Service Company Controller and Finance Manager with Ad Hoc requests and projects as necessary
  
  

General

At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours - PIED and Being Beazley.

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups