Reinsurance Accounts Assistant

Starr Underwriting; City Of London; On-site; GBP 25,000 - 30,000; Full time

Job summary

A leading insurance organization in London is seeking a Reinsurance Accounts Assistant to manage collections and support the Finance Team. This entry-level role requires strong numeracy and attention to detail. Ideal candidates may be recent graduates or have some office/insurance experience. The organization promotes an inclusive environment and offers flexible working options.

Benefits

First-class training and development opportunities

Flexible working options

Qualifications

• Entry-level position, ideal for recent graduates or school leavers.
• Strong work ethic and interest in insurance sector required.

Responsibilities

• Manage the collection of all outstanding monies owed to the Company.
• Monitor and report upon overdue premiums.
• Provide the Finance Team with an administration service.

Skills

Numeracy

Attention to detail

IT skills

Analytical skills

Education

6 months – 1 year office/insurance experience or recent graduate

Job description

Overview

Reinsurance Accounts Assistant

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.

Role

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.
• Managing 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.
• To 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.

Qualifications

This is an entry-level opportunity for a candidate with 6 months’ – 1 year 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.

Equal Opportunity & Flexibility

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. We aim to grow our own talent and bring out the best in people. We are open to discussing flexible working options, including reduced hours, remote working, 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.