At a Glance
- Tasks: Administer premium finance agreements and ensure accurate data management.
- Company: Join Lycetts Insurance Brokers, part of Benefact Group, in Newcastle.
- Benefits: Permanent role with a supportive team and career development opportunities.
- Why this job: Be part of a reputable company and make a difference in finance administration.
- Qualifications: Detail-oriented with strong organisational skills and a passion for finance.
The predicted salary is between 25000 - 30000 £ per year.
Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Newcastle Upon Tyne
About The Role
Lycetts Insurance Brokers, proudly part of Benefact Group, is looking for an Insurance Finance Administrator to join our Newcastle office. At Lycetts, we’re known for our specialist expertise and exceptional service, and we’re looking for a detail‑focused individual to support our premium finance function.
As an Insurance Finance Administrator you'll be responsible for the accurate and timely administration of premium finance arrangements within our insurance broking business. You’ll ensure finance agreements are set up correctly, payments are processed and reconciled efficiently, and queries are handled promptly. Your role will help maintain strong cash flow, data integrity, and compliance, while delivering a high‑quality service to both colleagues and clients.
What You’ll Be Doing
- Administer premium finance agreements from initial setup through to settlement
- Ensure accurate input and maintenance of premium finance data on broking systems
- Process and reconcile premium finance payments and lender statements
- Monitor client queries and resolve issues in a timely manner
Insurance Finance Administrator employer: Lycetts
Lycetts Insurance Brokers, part of the Benefact Group, offers a supportive and dynamic work environment in Newcastle Upon Tyne, where employees are valued for their contributions. With a strong focus on professional development, we provide ample opportunities for growth and advancement within the insurance sector, alongside a commitment to work-life balance and employee well-being. Join us to be part of a team that prides itself on delivering exceptional service while fostering a culture of collaboration and respect.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Finance Administrator
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Lycetts). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Lycetts. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Finance Administrator
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Lycetts.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lycetts. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Lycetts
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lycetts to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Lycetts, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Lycetts's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
