At a Glance
- Tasks: Manage collections, produce reports, and support the Finance Team with accuracy and professionalism.
- Company: Join a leading company in the London Insurance Market with a focus on inclusivity.
- Benefits: First-class training, development opportunities, and a supportive work environment.
- Other info: Opportunity to develop advanced Excel skills and work with innovative data analysis tools.
- Why this job: Gain valuable experience in finance while making a real impact in the insurance industry.
- Qualifications: Intermediate Excel skills and a keen interest in the London Insurance Market.
The predicted salary is between 30000 - 40000 £ per year.
The primary focus of the Reinsurance Accounts Assistant is 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.
Key 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.
Performance Measures
- Achievement of Service Level Agreements (SLAs) for processing of premium received on direct accounts.
- Timely and accurate information submitted for internal reports to support adherence to SLAs.
- Feedback from internal and external stakeholders on service delivery and knowledge of their specific business needs.
- High standards of accuracy and data integrity.
Qualifications, Skills and Experience
- Intermediate Excel capability (v‑lookups, pivot tables, ability to interpret large data sets).
- Intermediate Word, PowerPoint, Outlook capability.
- Interest in the London Insurance Market.
- Opportunity to develop skills in Excel capability (build complex macros).
- Familiarity with Power BI to analyse and present meaningful data trends.
Core behavioural competencies
- Analysis and decision making.
- Innovation and problem solving.
- Relationships.
- Performance focus.
- Communication and influence.
Equal Opportunity
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.
Reinsurance Accounts Assistant employer: Starr Underwriting Agents Limited
Starr is an exceptional employer, offering a dynamic work environment in the heart of London’s insurance market. With a strong commitment to employee development, we provide first-class training opportunities and foster a culture of inclusivity and collaboration. Our focus on innovation and performance ensures that you will grow your skills while contributing to meaningful financial solutions.
Contact Details:
Starr Underwriting Agents Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Accounts Assistant
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your skills. This will help you tailor your responses and show that you're genuinely interested in the role.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family to build your confidence. Focus on articulating your experience and how it relates to the Reinsurance Accounts Assistant role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Reinsurance Accounts Assistant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Accounts Assistant role. Highlight your experience with credit control, reporting, and any relevant skills like Excel. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're interested in the role and how your background fits. Be sure to mention your understanding of the London Insurance Market – it’ll show us you’re serious about this opportunity.
Showcase Your Skills:Don’t forget to highlight your intermediate Excel skills and any experience with data analysis tools like Power BI. We love candidates who can interpret large data sets and present meaningful insights, so make that clear in your application!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Starr Underwriting Agents Limited
✨Know Your Numbers
As a Reinsurance Accounts Assistant, you'll be dealing with financial data daily. Brush up on your Excel skills, especially v-lookups and pivot tables, so you can confidently discuss how you've used these tools in past roles. Being able to interpret large data sets will impress your interviewers.
✨Understand the Industry
Familiarise yourself with the London Insurance Market before your interview. Research current trends and challenges in the industry. This knowledge will not only help you answer questions but also show your genuine interest in the role and the company.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle queries from underwriting staff or brokers. Think of specific examples from your past experiences where you successfully managed similar situations, and be ready to share them.
✨Showcase Your Communication Skills
Since the role involves liaising with various teams, demonstrate your communication skills during the interview. Be clear and concise in your answers, and don’t hesitate to ask clarifying questions if needed. This shows that you value effective communication and are proactive in ensuring understanding.
