Reinsurance Accounts Assistant

Starr Underwriting Agents Ltd; City Of London; Hybrid; GBP 25,000 - 35,000; Full time

Job summary

An established industry player is looking for a Reinsurance Accounts Assistant to join their dynamic team. This entry-level role is ideal for candidates with some office or insurance experience or recent graduates eager to start their career in the insurance sector. You will be responsible for managing collections, producing reports, and providing administrative support to the Finance Team. The company values inclusivity and offers excellent training opportunities, making it a great place to grow your skills and knowledge in a supportive environment. Flexible working options are available, ensuring a work-life balance that suits you.

Benefits

Flexible Working Options

Training and Development Opportunities

Qualifications

• 6 months to 1 year of office or insurance experience is preferred.
• Strong work ethic and high attention to detail are essential.

Responsibilities

• Manage collection of outstanding monies owed to the Company.
• Assist in production of reports and analyses regarding the Company.
• Provide administration support to the Finance Team.

Skills

Numeracy

Attention to Detail

IT Skills

Analytical Skills

Education

Recent Graduate

School Leaver

Job description

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Reinsurance Accounts Assistant

This is the perfect entry-level opportunity for a candidate with 6 months’ – 1 years office/insurance experience or a recent graduate or a well-qualified school leaver. The ideal candidate will be highly numerate, have a strong work ethic, high attention to detail, excellent IT and analytical skills and possess an interest to have a career within the Insurance sector.

Role Purpose

To manage the collection of all outstanding monies owed to the Company, assist in the production of reports and analyses concerning the Company and its syndicates, provide the Finance Team with an administration service and to provide support in a timely, professional manner ensuring documentation is accurate and produced to a high standard.

Responsibilities:

• Manage the collection of all outstanding monies owed to the Company.
• Monitor and report upon overdue premiums.
• Identify and allocate all receipts.
• Arrange transfers of reconciled premiums to relevant syndicate bank accounts.
• Liaise with underwriting staff to ensure prompt collection of monies.
• Manage queries (e.g. adjustments on signing, incorrect currency bookings, etc.) from both underwriting staff and brokers.
• Ongoing improvement of credit control systems.
• Implementation of new credit control systems.
• Document credit control procedures.
• Assist in the production of reports and analyses concerning the Company and its syndicates.
• Assist in the development and implementation of new reports.
• Produce regular and ad hoc reports analysing cash collections.
• Regular monitoring and timely reporting upon overdue premiums.
• Assist as needed with preparation for reporting packs to the Lloyd’s and local management.
• Provide team assistance when performing year end or monthly reporting tasks.
• Awareness of any regulatory requirements within the credit control function.
• Develop industry knowledge by attending courses and working with non-Finance staff.
• Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
• Operate within the Company’s standards for Conduct Risk Framework.
• Manage any potential conflicts of interest to avoid disrepute to the company’s integrity.
• Advise Compliance of any complaints immediately.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

For this role, we are open to discussing flexible working options with the possibility of reduced hours, remote working, and flexible start and finish times. Please discuss your requirements with us during the interview process and we will explore what’s possible for the role.