Loss Fund Analyst

Vitesse PSP; London; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

A leading company in the FinTech sector seeks a Loss Fund Analyst to support business development and manage TPA processes. This role is crucial for the coordination of projects and efficient fund recovery, requiring strong analytical skills and experience in the payments or insurance industry. Join a collaborative team committed to delivering high-quality outcomes and driving long-term growth.

Benefits

25 days Holiday per year

Hybrid working arrangements

Contributory pension scheme

Enhanced Parental leave

Cycle to Work Scheme

Private Medical Insurance

Unlimited access to therapy sessions

Discounted Gym membership

Financial Coaching

2 days of volunteering leave

Sabbatical after 5 years’ service

Life Assurance

Ongoing Learning and Development

Qualifications

• 2+ years’ experience in an analytical or project support role.
• Experience in the payments or insurance industry (London Market).
• Excellent communicator with ability to manage multiple workstreams.

Responsibilities

• Support business development and relationship management.
• Assist in the end-to-end implementation process.
• Provide reporting to Insurers to monitor project status.

Skills

Analytical skills

Communication

Project management

Education

Bachelor's degree or equivalent experience

Tools

London Market systems (Velonetic)

Job description

We are Vitesse – the treasury and payment partner of choice for insurance.

Formed in 2014 by a team of proven FinTech entrepreneurs, we are an FCA-regulated business providing global claim funds management and payment solutions. Operating one of the largest banking and payment settlement networks in the world, we give our customers direct access to 200 countries and currencies. Through a single integration, insurers can use this network to pay claims in as fast as 45 seconds and deliver a superior claimant experience. Our market-leading treasury proposition provides insurers with transparency and control over their claim funds, even when delegated to third-parties, allowing them to have their money in the right place, at the right time, to make that all-important payment when customers need it most.

With over 175 employees across our London headquarters, Europe, and the US, $93m Series C funding secured, and exceeding £10bn in processed transactions, we are only just getting started.

We are collaborative, customer centric and work with integrity, whilstpartnering with some of the biggest insurance leaders includingLloyd’s of London and Many Pets. We take huge pride in our company culture, ensuring that everyone has a part to play, an opportunity to be heard, be involved, and the ability to make a real difference.As we continue to scale up, we want like-minded humans to join us on this exciting journey. Are you ready?

The Role:

Loss Fund Analyst

Core responsibilities:

As a Loss Fund Analyst, you will be responsible for delivering across the company’s key priorities, which are outlined below:

1. Supporting business development and relationship management to sell the service.

2. Assist Solutions Managers in the end-to-end implementation process (internal and external stakeholders).

3. Work closely with TPAs and Brokers to obtain, analyse and validate insurer data.

4. Make Recovery, Migration and Optimization recommendations based on analysis of the Loss Fund data. Include and record justifications for recommended actions.

5. Manage all TPA and Broker engagement and communicate clearly with the Insurer.

6. Provide first rate reporting to Insurers to monitor and evaluate project status.

7. Support the Finance team in the invoicing process for the recovery of funds

Why do we need this hire?

Vitesse is expanding rapidly, and with our growing portfolio of projects, we need a dedicated Loss Fund Analyst to help streamline and manage the coordination of Third-Party Administrator (TPA) processes.

This role is essential for efficiently recovering and migrating funds, ensuring that our projects run smoothly and funds are properly managed. As we continue to scale, this position will play a crucial part in supporting our operational success and driving long-term growth.

• A personable, hardworking, logical and diligent candidate with circa 2+ years’ experience in an analytical or project support role.
• Experience in the payments or insurance industry (London Market)
• Knowledge in the use of London Market systems (Velonetic) for claims payment administration whilst not crucial would be seen as highly advantageous.
• The successful candidate will be an excellent communicator and have the ability to manage multiple workstreams effectively.

• 25 days Holiday per year (increasing by 1 day per years' service, up to 30 days) + Bank Holidays
• Hybrid working arrangements – minimum 2 days in the office, Tuesday - Thursday
• Contributory pension scheme
• Enhanced Parental leave
• Cycle to Work Scheme
• Private Medical Insurance with AXA
• Unlimited access to therapy sessions through our partner, Oliva
• Discounted Gym membership through Gympass
• Financial Coaching with Octopus Wealth
• 2 days of volunteering leave per year
• Sabbatical after 5 years’ service
• Life Assurance - MetLife (UK employees only)
• Ongoing Learning and Development to support you reach your career goals

Vitesse at our best – our values

The Vitesse values are a true reflection of what it takes to thrive in our business, so it’s important to us that any employee who joins our business is aligned with these 3 attributes

Confident Humility

We don’t do ego and we know that unless we all win, none of us win. We admit when we’re wrong, ask for help and always think about the wider business before ourselves.

Driven to Succeed

We see the opportunity ahead of us and we won’t stop until we fulfil the potential we know we have. We hold ourselves to high standards and deliver high quality outcomes for Vitesse and our customers.

Tenacious Responsibility

We take ownership for our actions and decisions, and face into the challenges that come our way. We are committed to seeing things through to completion, even in the face of adversity.

We are an Equal Opportunity Employer We are committed to creating an inclusive environment that enables everyone to perform at their best, where we recognise the rights of all individuals to mutual respect and where there is an unbiased acceptance of others. Our policies and practices aim to promote an environment that is free from all forms of Unfair discrimination and values the diversity of all people. At the heart of our policy, we seek to treat people fairly and with dignity and respect. Please confirm if selected for an interview, what interview adjustments you would need? You can contact Clara Moretti-Greene on [e-mail] or in her absence contact our People Team [e-mail].