Insurance Controls & Operations Administrator

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

Job summary

An established insurance firm in Greater London is seeking an Insurance Controls & Operations Administrator to join their Controls and Data Assurance team. The role requires previous experience in compliance or insurance administration and an A level (or equivalent). The ideal candidate will facilitate the review process for service contracts and maintain compliance with regulatory changes. The position offers a salary of £28,000 – £33,000 and aims to foster a friendly and inclusive working environment.

Qualifications

• Previous compliance or insurance administration experience preferred.
• Strong understanding of regulatory requirements.
• Excellent organizational skills and attention to detail.

Responsibilities

• Facilitate review process for service contracts ensuring compliance.
• Maintain key process timetables for timely delivery of reports.
• Support annual reviews of the process library.

Skills

Compliance administration

Insurance administration

Regulatory knowledge

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 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.