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Full job description
Description
Polo Managing Agency (PMA) is a third-party managing agency operating within the Lloyd’s market, supporting syndicates on behalf of third-party capital providers. As the business continues to grow, there has been significant investment in financial systems and data capabilities, particularly through the development of a Data Warehouse (DWH).
This role will act as a key link between Finance and the Data team, supporting both business-as-usual processes and ongoing development of the DWH. The position will play a critical role in ensuring the integrity of financial data, supporting syndicate reporting, and driving improvements in processes and controls.
This is a remote role, with some visits to the London office periodically.
Key Responsibilities
Liaise between Data Team and Finance Team.
Check calculations of Gross written and earned premium (and associated acquisition costs) as performed by the DWH.
Identify errors in calculations and any required manual adjustments required for the close process.
Identify any control weaknesses to the process and recommend improvements.
Assist implementing the DWH new syndicates including implementing new writing and earnings patterns.
Establish and document effective controls over process and data in the DWH and downstream into Finance modules (post DWH calculations currently in Excel)
Develop exception reporting using AI where appropriate
Identify and assist in developing new calculations in the DWH e.g. switching-to-signed (i.e. where premium is changed from being recognised on the basis of underwriter estimate to being recognised on the basis of Signed messages.)
Identify and test reports from the DWH as required by PMA on behalf of third-party syndicates.
Help developing use of AI where appropriate to reduce reliance on Excel use downstream of DWH e.g. Data exception reporting.
Skills, Knowledge and Expertise
Knowledge of Insurance accounting.
Experience in working in a project environment.
Ability to liaise with people of different levels and experience and skill-sets e.g. IT, Data, Finance, Actuarial.
Good reconciliation skills.
Methodical work practices.
Experience in dealing with large volumes of data and excellent Excel skills.
Good written and verbal communication skills.
Knowledge of AI or a willingness to learn and share knowledge to help modernize processes and implement the benefits of technological change.
Demonstrates behaviours aligned to the PoloWorks PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused- we provide services we are proud of
- Empowering – we equip people to be their best
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.
Benefits Band 3
About PoloWorks
PoloWorks is the leading provider of UK-based support services to the insurance market. We have built a strong reputation as dedicated and dependable experts in our field. We pride ourselves on our ability to be flexible, responsive, and knowledgeable.
As a leading service support company and turnkey managing agency, our clients choose us because our staff not only have the expertise but also a profound affinity with their business challenges. Our mission is to support, inspire, and develop the insurers of today and tomorrow.
Our clients, whether digital start-ups or well-established organisations, rely on the PoloWorks team to develop and strengthen their businesses. Our clients’ goals are our goals. As such we design and deliver bespoke solutions to their specific business challenges.
Recognised as a Great Place to Work certified company and listed among the Best Workplaces in Financial Services & Insurance, PoloWorks is proud of its positive culture and commitment to its people. With offices in London and Cheltenham, PoloWorks has ambitious growth plans, offering exciting opportunities for anyone joining us on the next phase of our journey.
It’s our mission to unleash the potential in every team, and we know that teams perform best when they are diverse and every team member feels that they belong. It is the unique contributions of all PoloWorks colleagues that drive our success, and we are committed to building an inclusive culture where everyone is empowered to do meaningful work and are recognised for their efforts. To that end, we are committed to providing an environment free of discrimination for everyone.