Job Description

General information

City:

London

Country:

United Kingdom of Great Britain and Northern Ireland

Creation Date:

15-Oct-2025

Employment Type:

Permanent

Employment Type:

Full time

Ref #:

1234571946


Description & Requirements
Role Title: Financial Reporting Accountant
Division: Finance
Department: Financial Reporting & Control
Location: London / Remote
Type: Permanent

About the Role:
The primary responsibility is to prepare timely and accurate financial information and returns, in accordance with local GAAP requirements. A strong sense of accountability and ownership is required, showing agility and tenacity where necessary.

About the Department & Team:
Finance at Liberty Specialty Markets (LSM) consists of circa 100 FTE and strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment. Finance at LSM has several key roles:To partner the business to enhance decision making with a focus on strategy, planning, analysis, and reporting. Support is provided both to the three management 'Pillars' - Specialty, Commercial and Reinsurance - and also to the supporting functions within LSM To utilise our legal entity platform in the most cost and capital efficient manner complimenting and supporting the LSM strategy To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc.) are fulfilled. LSM consists of a Lloyd's Syndicate, a UK insurance company with European branches and a number of service companies and cover holder companies To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal entity basis To ensure superior management of our investments, cash, and all financial risks To give finance operations support to the business and finance


The Financial Reporting team plays a crucial role at LSM, providing a broad range of external and internal reporting services. This includes annual accounts and financial statements for 16 entities, across UK GAAP, Luxembourg GAAP, IFRS and Spanish GAAP. On a quarterly basis the team deliver Solvency II reporting templates to the Group regulated entity in Spain, as well as branch accounting and various other internal and external returns, including to the US parent and Lloyd's.

Key Responsibilities:Prepare accurate and timely quarterly and annual management accounts for LMIE legal entities. Compile and submit quarterly and annual regulatory returns, ensuring full compliance with relevant accounting requirements. Prepare statutory accounts for selected LMIE legal entity in line with applicable accounting standards and internal policies. Develop comprehensive working papers to support financial reporting reviews and audits. Perform detailed validation and analytical reviews of collected data, promptly investigating and escalating unexpected results or inconsistencies. Support external and internal audits, providing relevant documentation and explanations for financial reporting entities. Assist with system enhancements and documentation of controls and procedures for new or updated accounting standards. Strengthen and enhance the control environment to ensure the accuracy, completeness, and integrity of financial reporting. Conduct monthly, quarterly, and annual analysis of key profit and loss and balance sheet accounts, including by branch and, where applicable, by line of business. Provide insightful commentary and variance analysis on financial results, identifying trends, risks, and opportunities to inform business decisions. Support the FTOM project to overhaul reporting infrastructure, enhancing regulatory and statutory reporting capabilities. Drive operational excellence across core processes, proposing and implementing solutions to further enhance efficiency. Participate in ad-hoc projects, ensuring all issues are effectively resolved and comprehensively reported. Stay abreast of the external reporting landscape, identifying and recommending changes required to support evolving business and Finance needs. Build and maintain effective relationships across the business, including active participation in working groups addressing specific issues. Demonstrate adherence to all relevant regulatory requirements and embody the behaviours outlined in the Conduct Risk Policy, in line with Liberty Values. Proactively ensure compliance with internal and regulatory standards, including the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.


Skills and ExperienceACA/ CIMA/ ACCA Qualified accountant. Up to date knowledge of US, UK, LUX and IFRS desirable but not essential. Insurance accounting experience Detail oriented, able to analyse and identify discrepancies. Advanced excel skills and ability to manipulate large data sets using excel. Possess a good working knowledge of the "whole" reporting processes and interactions between returns. Problem-solving mind-set. Ability to work in a tight deadline environment. Ability to work effectively as part of the wider finance team. A service-oriented attitude to delivering the business requirements.


About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:Offering a vibrant and inclusive environment and committing to their career development. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals. A supportive culture, which includes promoting a healthy work-life balance and working flexibly.


For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion