Service Company Accountant

General Job Description & Person Specification Service Company Accountant Division: Group & Statutory Reporting Reports To: Subsidiary Team Lead Accountant Key Relationships: Reporting, Accounting, Tax, Actuarial, Global Business, Investor Relations, Finance Change, Service Company, and Group Reporting

Role Overview: The Service Company Accountant is responsible for the accuracy, completeness, and integrity of financial data relating to service company entities

The role focuses on cost-plus accounting, financial reporting, reconciliations, and supporting compliance activities

The individual will play a key role in month-end close, balance sheet integrity, and ensuring high-quality financial outputs for service company operations

Responsibilities Service Company Accounting & Reporting Review service company cost‑plus allocations and perform post‑posting checks to ensure accuracy, completeness, and appropriate supporting documentation

Perform analytical reviews of cost‑plus allocations to confirm alignment to budget, with variances clearly identified and communicated to insurance carriers

Raise service company invoices to facilitate intercompany settlement, ensuring settlements are completed on a quarterly basis

Liaise with the Credit Control team to ensure timely cash allocation, and collaborate to investigate and resolve any unallocated balances

Prepare statutory financial statements for service company entities, ensuring full compliance with applicable accounting standards

Month-End Close & Financial Control Support the timely completion of month-end close activities for service company entities

Perform quarterly balance sheet and P&L analytics, identifying and investigating variances

Ensure all journal entries are appropriately supported and documented

Maintain and enhance financial controls over service company processes

Reconciliations & Banking Prepare and review bank reconciliations on a timely basis

Post bank transactions and investigate reconciling differences

Perform balance sheet reconciliations, ensuring completeness and accuracy of underlying balances

Resolve aged or unusual reconciling items in a timely manner

Compliance, Tax & Governance Assist with regulatory and compliance requirements

Support the preparation of tax returns and related submissions

Ensure adherence to internal controls, policies, and regulatory requirements

Support audit processes by providing accurate and timely information

Collaboration & Stakeholder Management Act as a key contact for service company-related queries, providing clear and timely responses

Work closely with finance, tax, and operational teams to ensure alignment of financial data

Build strong relationships with internal stakeholders and provide insights into financial performance

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 Dynamism 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 Talent Management development or assurance teams (compliance, risk, and 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 stakeholders 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 Talent Management 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, and 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

Personal Specification: Essential Criteria University degree in any discipline Professional accountancy qualification, preference for ACA/ACCA, or qualified by experience Strong technical accounting skills, especially UK GAAP and IFRS Proven post-qualification experience, ideally gained within financial reporting Skills and Abilities General commercial and financial knowledge Insurance and Lloyd’s specific knowledge Strong analytical skills with attention to detail Advanced Excel skills, including Power Query and Power Pivot Able to communicate effectively with others, both verbally and in writing Able to work on own initiative Strong team working skills Able to manage time well, meet deadlines, and prioritise effectively

Knowledge and Experience Experience of designing processes and managing controls Aptitude and Disposition Outcome-focussed, self-motivated, flexible and enthusiastic A professional approach to interacting effectively with management and peers Diplomatic Competencies Technical competence / expertise Delivery of work to a high standard and within deadlines Team working Information seeking Conceptual thinking Analytical thinking Planning Flexibility Communication