Daniel Milgate Email & Phone Number

Chatham, Kent, Gb

Luxembourg, Lu

I was responsible for all financial, legal and regulatory reporting, as well being responsible for the management and financial accounts of the UK branches.Regulatory Reportingo Prepared, produced and delivered the statutory UK GAAP and Group Reporting activities.o Prepared and reviewed the Solvency II Pillar III quarterly and annual quantitative reporting for all regulated entities.o Prepared quarterly Solvency II submissions for the SCR model and prepared the QRT schedules. o Prepared and reviewed quarterly and ad hoc standard formula calculations for all regulated entities.o Managed the development of, and ongoing improvements in, all Solvency II reporting including improvements in control environment.o Transition the move from PRA to SII reporting, including the move to a new statutory reporting system.o Responsible for updating the Solvency II Data Repository to support all reporting requirements.o Prepared and reviewed the Solvency II reporting, including the qualitative narrative reporting.o Developed and maintained appropriate regulatory reporting and capital reporting process manuals and procedure notes.o Prepared, completed and submitted the ONS, VAT, IPT and ABI returnso Prepared and reviewed other external and internal regulatory and capital reporting deliverables and management information as required.Management and Financial Accountso Prepared the half year and annual financial statements.o Data cleansed historical transactions.o Liaised with overseas branches to understand accounts in order to report.o Undertook process mapping and make improvements in the current processes. o Implemented and monitored the departmental processes and procedures.

Accountable for the Management Accountso Built a robust Cash Flow Model, and co-trained colleagues. Presented weekly summary to the Board.o Developed and maintained a suite of spreadsheets to provide robust and accurate accounts for the group of companies.o Reviewed financial and operational processes, making essential improvements to ensure robust controls.o Undertook product costing, expense management and business partnering to the sales and operation departments.o Managed a team of 12, responsible for the purchase ledger, sales ledger, banking and payments and the development of two trainee accountants.o Performed initial financial statement analysis to establish the trend of the company and benchmarked to competitors within the industry.Budgeting and Financial Reportingo Coordinate and produce the annual budget, including the supporting commentary and presentation to the board for sign off.o Undertook monthly analysis and provided a detailed assessment of material variances to budget. o Performed monthly analysis of the cost of sales and overheads, recommending process efficiencies and cost savings.o Set up payroll KPI’s, whilst liaising with the payroll officer, payroll provider and signing of the payroll.

Sevenoaks, Gb

Financial Accounts, Review and Analysiso Implemented sound internal controls, reporting quarterly on the Sox controls.o Undertook the lead on the following projects; claim handling and claim cost processes and costing, and the introduction of a new COA.o Lead the creation of a contacts database, and introduced vendor management take-on policies and processes.o Oversee the purchase ledgers, bank transactions, claim payments and all company ledgers.o Lead on the auditor’s schedule of events, and ensured auditors actions/ reports were signed off.o Managed the accounts department, providing training, motivation and development, to ensure the Finance team met their objectives.Management accounts, planning and forecasto Lead and produced the annual budget and monthly forecasts, including, commentary and presentation to the board.o Monthly reviews of actual performance to budget.o Undertook product costing, expense management and assist senior management with business partnering, primarily, with new products, potential business streams and operational projects.o Prepared the monthly accounts and quarter end accounts for Lloyds Syndicate.o Reviewed, managed and signed off the balance sheet reconciliations.Regulatory reportingo Set-up standard models and prepared the calculations for the allocation of financial accounts to YOA.o Produced the asset and solvency reports for Lloyds’ Syndicates (QAD/QSR and AAD/ASR) and upload into the Lloyds Core Market Returns system (CMR).o Prepared and submitted the QMR/QMA submissions to group. Organised and signed off all balance sheet reconciliations and quarter end files.o Prepared the figures and returns for various Lloyd’s, regulatory organisations and internal returns, including; cashflow forecasting, KPI’s, FSA, solvency and VAT returns.

Monthly accountso Prepared the month end accounts and year end statutory accounts, including, year-end packs, regulatory IPT and VAT reporting and tax computations and submissions.o Collated premium, IPT and commission data from various sources for many insurance products.o Completed the monthly balance sheet splits, profit and loss accounts and cash flow forecasts for each insurance product, comparing forecasts with budgets and actual.o Implemented variance analysis for each product.o Provided financial budgetary reporting, communicating key financial variances and take relevant action on identified issues.o Managed and supervise the sales invoices, credit notes and accounts payable.Review and analysiso Completed, reviewed and improved the processes, systems, and devised the spreadsheets for reporting the accounts from a company focus to a product related approach.o Undertake internal reviews and audits of processes to improve the efficiency of those processes, for example; reinsurance (quota share), car hire referral and claims handling process.o Reviewed processes to enable improvement in day to day activities and reporting procedures, enabling collation and presentation of data to be improved.o Work on projects relevant to finance and other ad hoc accounting duties, including; the accounting and integration of the finance process of the acquired AA insurance business.

Chicago, Il, Us

Prince 2 Practitioner, Poject Management

Minstilm, Leadership And Management

Fcca, Accounting

Cerrt Cii, Insurance

Bachelor Of Arts - Ba, Accounting And Finance