Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support reinsurance processes and maintain financial accuracy in a dynamic environment.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for growth.
- Why this job: Be part of a fast-growing company making an impact across 128 countries.
- Qualifications: Background in finance with strong Excel skills and attention to detail required.
- Other info: This is a 6-month fixed-term contract with potential for future opportunities.
The predicted salary is between 30000 - 42000 £ per year.
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. #J-18808-Ljbffr
Reinsurance Assistant (6 month FTC) employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Assistant (6 month FTC)
✨Tip Number 1
Familiarise yourself with the reinsurance process and terminology. Understanding the basics of how reinsurance works will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, especially with pivot tables and vlookups. Since the role requires strong data analysis, showcasing your proficiency in these areas can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with financial data accuracy and reconciliation. Be ready to provide examples of how you've successfully managed discrepancies or improved processes in previous roles.
✨Tip Number 4
Highlight your communication and teamwork skills. The role involves collaboration with various teams, so be prepared to share instances where you've effectively worked with others to achieve a common goal.
We think you need these skills to ace Reinsurance Assistant (6 month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, data entry, and analysis. Emphasise your skills with Excel, particularly pivot tables and vlookups, as these are crucial for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Reinsurance Assistant position at Starr Insurance Companies. Mention specific responsibilities from the job description that excite you and how your background aligns with them.
Showcase Analytical Skills: Provide examples in your application that demonstrate your analytical and problem-solving skills. Highlight any previous experiences where you successfully managed financial data or reconciled accounts.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for this role.
How to prepare for a job interview at Starr Underwriting
✨Know Your Numbers
Since the role involves financial data analysis and cash reconciliation, make sure you brush up on your numerical skills. Be prepared to discuss your experience with financial reporting and how you've handled discrepancies in the past.
✨Excel Skills are Key
The job requires good Excel skills, so be ready to demonstrate your proficiency. Familiarise yourself with pivot tables and VLOOKUP functions, and consider bringing examples of how you've used these tools in previous roles.
✨Show Your Analytical Side
This position demands strong analytical and problem-solving skills. Prepare to share specific examples of how you've approached complex problems in finance or data analysis, highlighting your thought process and the outcomes.
✨Communication is Crucial
As a Reinsurance Assistant, you'll need to communicate effectively with various stakeholders. Practice articulating your thoughts clearly and concisely, and be ready to discuss how you've collaborated with teams to resolve issues or improve processes.
