Financial Controller
New Yesterday
Job Description
FINANCIAL CONTROLLER
LOCATION: LONDON
This career opportunity is available at Santam Syndicate 1918 for a Financial Controller,
who will be based in the UK & have right to work in the UK.
WHAT WILL YOU DO?
Lead and manage the financial control function of Santam Syndicate and related entities, ensuring accurate financial reporting, adherence to accounting standards, regulatory compliance, and operational efficiency. The Financial Controller plays a pivotal role in the initial design and build of the financial systems, ledger structure and environment. To oversee and lead on performance monitoring, robust financial controls, financial reporting and governance in a Lloyd’s environment.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
Key responsibilities:
Financial Reporting:
- Lead month-end and year-end close processes, including journals, reconciliations, and variance analysis
- Prepare financial statements in compliance with UK GAAP/IFRS/Lloyd’s and liaise with auditors
- Co-ordinate with Asta on the preparation and submission of the syndicate’s quarterly and annual financial reporting to Lloyd’s.
- Oversee all tax-related activities (VAT, corporation tax), ensuring accuracy and timely submissions
- Manage banking relationships and treasury functions
- Prepare regular cash flow forecasts and currency balance sheet positions
- Manage investing of surplus cash with selected investment managers
Budgeting, Forecasting & Analysis:
- Analyse financial performance including tracking actual vs plan variances across key metrics.
- Prepare forecasts, budgets, and cash flow projections in collaboration with underwriting and actuarial.
- Deliver regular MI and insight to support strategic decision-making and performance monitoring.
- To provide insight and oversight of operating and capital expenditure
Financial Controls & Governance:
- Maintain a robust control framework to ensure integrity of the general ledger, trial balance, and reporting outputs.
- Lead on the syndicate’s audit process, including coordination with external auditors and managing deliverables.
- Owner of Lloyd’s principles for investment risk and liquidity risk including maintenance of finance policies and procedures, ensuring alignment with the principles.
- To build a robust control environment for expenses and other disbursements.
Stakeholder Collaboration:
- Syndicate Executive Team
- Actuarial and underwriting teams in respect of planning and performance
- Group Finance Team (South Africa)
- External Auditors and Tax Advisors
- Asta and Lloyd’s
QUALIFICATIONS AND EXPERIENCE:
- ACA, ACCA, or CIMA qualification
- Degree in Accounting, Finance, or a related field
- Minimum 7 years post qualified experience in financial control or similar role.
- Significant exposure to Lloyd’s syndicate accounting.
- Proficient experience in design and use of financial systems, ledgers, warehouses etc (SAP, Oracle, or similar).
KNOWLEDGE AND SKILLS:
- Strong technical accounting knowledge
- Excellent analytical and problem-solving skills
- Leadership and communication skills
- High attention to detail
- Knowledge of financial risks, controls and audit
- Strong organisational and project management skills
- Business Analysis
PERSONAL ATTRIBUTES:
- Drives results
- Deciding and initiating action
- Leading and supervising
- Collaborates
- Client focus
- Flexibility and adaptability
- Analytical thinking
- Influencing
- Business acumen
WHO WE ARE:
Santam syndicate 1918 is a new wholly owned and capitalised entity of Santam Insurance, the largest insurance company in South Africa with a 107-year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network and Lloyd’s global insurance and reinsurance licenses.
Our syndicate is a London managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial and other functions work closely, to help achieve superior underwriting results
At Santam Group we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with the aim to create an inclusive workforce.
- Location:
- City Of London
- Category:
- Finance And Insurance
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