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Loss Fund Analyst

Vitesse

London

Hybrid

GBP 40,000 - 60,000

Full time

Yesterday

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Job summary

Vitesse is seeking a Loss Fund Analyst to support business development and manage Third-Party Administrator processes. This role is crucial for efficiently recovering and migrating funds, ensuring smooth project operations, and contributing to the company's growth. Candidates should have analytical skills, experience in the payments or insurance industry, and strong communication abilities.

Benefits

25 days Holiday per year

Hybrid working arrangements

Contributory pension scheme

Enhanced Parental leave

Cycle to Work Scheme

Private Medical Insurance with AXA

Unlimited access to therapy sessions

Discounted Gym membership

Financial Coaching

Sabbatical after 5 years' service

Qualifications

2+ years' experience in an analytical or project support role.
Experience in the payments or insurance industry (London Market) preferred.
Excellent communication skills and ability to manage multiple workstreams.

Responsibilities

Support business development and relationship management.
Assist in the implementation process with internal and external stakeholders.
Provide reporting to Insurers to monitor project status.

Skills

Analytical skills

Communication

Project management

Tools

London Market systems (Velonetic)

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.