Reinsurance Assistant (6 month FTC)

AXA UK; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

A leading insurance organization seeks a finance professional in London to manage cash reconciliation and reporting. Responsibilities include analyzing premiums, conducting financial checks, and supporting quarterly reports. Ideal candidates should possess strong analytical skills, finance background, and proficiency in Excel.

Qualifications

• Experience with data entry and analysis.
• Good Excel skills, including pivot tables and vlookups.
• Credit control and balance reconciliation experience.

Responsibilities

• Support the outward reinsurance process and maintain procedures.
• Conduct ongoing checks of financial data for accuracy and validation.
• Assist with cash reconciliation and debt recovery efforts.

Skills

Analytical skills

Problem solving skills

Attention to detail

Negotiation skills

Project planning skills

Professional writing skills

Communicator skills

Education

Background in Finance

Tools

MS Office - Excel, Word, Outlook

Credit Control System

Underwriting Systems

LORS

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.

Roles & Responsibilities

• Support the outward reinsurance process for all London and European Starr operations.
• Maintain reinsurance procedures manual in line with the Company’s reinsurance procedures.
• Assist in analysing and reporting on premiums and claims settlements and outstanding balances for monthly reporting.
• Conduct on-going checks of financial data to ensure accuracy and validation.
• Perform monthly cash reconciliation for direct settlements (GL vs subledger)
• Perform monthly cash reconciliation for settlements from LORS (GL vs subledger)
• Daily chasers of the cash call collections raised
• Weekly chasers of outstanding Fac & XoL collections and monitoring
• Weekly chasers of QS receivables balances with focus on aged balances to clear
• Weekly accurate reporting on outstanding balances; including aged debt
• Address and assist in resolving payment discrepancies, disputes and billing issues
• Proactively address errors arising and queries
• Maintain accurate records of debt recovery efforts
• Support the production of cash flow forecasts
• Support the production of quarterly financial returns
• Support the production of accurate quarterly financial reports for Exco.
• Provide support for accurate quarterly Lloyds & Group reports.
• Input into the quarterly QMA / QMB reports to Lloyd’s.

Experience

• Background in Finance
• Experience with data entry and analysis
• Good Excel skills (pivot table, vlookups etc.)
• Credit control and balance reconciliation.

Skills

• Analytical and problem solving skills;
• Focus on meeting deadlines and timeliness
• Numerate; attention to detail
• Negotiation, judgment and decision making ability, proactive
• Project planning and organisational skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral, good teamwork;
• Willingness to learn.

Systems & IT

• MS Office – Excel, Word and Outlook;
• Underwriting Systems;
• Credit Control System; and
• LORS.

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.