Insurance Controls & Operations Administrator

Taylor James Resourcing; City Of London; On-site; GBP 28,000 - 33,000; Full time

Job summary

A leading insurance firm in London is seeking an Insurance Controls & Operations Administrator to join their team. This role involves facilitating the review process for service contracts and ensuring compliance with legislation. The ideal candidate has experience in compliance or insurance administration and an A level education. The firm offers a friendly and inclusive work environment.

Qualifications

• Previous compliance or insurance administration experience preferred.
• Familiarity with regulatory changes and internal governance processes.

Responsibilities

• Administer review process for service contracts.
• Maintain and update key process timetables.
• Work with Sourcing team on legislative changes.

Skills

Compliance knowledge

Data analysis

Attention to detail

Organizational skills

Education

A level or equivalent

Job description

Insurance Controls & Operations Administrator

Date: 1 Jun 2023
Sector: ADMINISTRATION
Type: Permanent
Location: London
Salary: £28000 - 33000 per annum
Email: [e-mail]
Ref: BT663

Insurance Controls & Operations Administrator £28,000 – £33,000

This leading insurance underwriters have an excellent international reputation and offer a friendly and inclusive working environment. They are now looking for an administrator to join their Controls and Data Assurance team. Previous compliance or insurance administration experience would be preferred combined with an A level (or equivalent) standard of education.

Duties

• To facilitate and administer the review process for all service contracts and outsourcing arrangements, ensuring compliance with all appropriate legislation and internal governance processes.
• To keep up to date with of ongoing regulatory changes
• To work with the Sourcing team regarding changes in legislative requirements and ongoing process changes and efficiencies.
• To collate reporting on performance of client agreements and intra group sourcing
• To collate, review, maintain and update as required, key process timetables detailing multi-departmental activities across the business, to enable timely delivery of external reports and returns.
• To identify, track and resolve key process issues raised as part of timetable monitoring.
• To maintain the process framework (comprising of a central process library with departmental process maps, procedures and policies, together with cycle documentation detailing key cross departmental data flows).
• To support annual reviews of the process library and add new processes as required.
• Support and enable improvement initiatives fostering and delivering a continual improvement ethos.
• Work with the business to perform controls and testing to support internal control framework
• Preparing reporting to key audiences, including governance committees, based on each period’s KPI’s, communicating areas of concern, improvements and changes.
• To support the Team in developing new KPI’s and Performance Metrics