At a Glance
- Tasks: Support the Reinsurance team with data analytics and claims management.
- Company: Join Steamship Mutual, a global P&I insurance company with a friendly culture.
- Benefits: Enjoy hybrid working, private healthcare, and free educational access to industry qualifications.
- Other info: Great career growth opportunities and a commitment to employee wellbeing.
- Why this job: Make an impact in a supportive environment while developing your skills.
- Qualifications: Proficiency in Microsoft Excel and strong communication skills required.
The predicted salary is between 27000 - 33000 £ per year.
Description
About the company
Steamship Mutual is a P&I insurance company, with 250 employees worldwide.
The main office is based near Liverpool Street station, London.
We have offices in Bermuda, Brazil, Cyprus, Greece, Hong Kong, New York, Japan, and Singapore.
Overall Job Purpose
Responsibility to provide Reinsurance service and general support to the Reinsurance team.
Requirements
Key Responsibilities
- To assist the Head of Reinsurance and the Chief Underwriting Officer with data analytics on claims trends across claim categories, vessel types, and geographical locations.
- To assist the Reinsurance team with claims and premium declarations to reinsurers, premium payments, and claim recoveries.
- To assist with Pool claims declarations.
- To ensure that all correspondence and documentation, whether received or sent, assigned to the particular individual is promptly and correctly filed in accordance with the agreed working practices.
- Provide support in all Reinsurance matters as directed in accordance with Company procedures.
- Provide support to the Claims and Underwriting teams as required.
- To compose accurate and professional business correspondence.
- To respond to all telephone enquires promptly and courteously.
- To contribute to continuous development of Company procedures and systems.
- To carry out any other duties that are within the scope of personal skills and abilities whenever reasonably instructed.
- To attend appropriate training and to develop relevant knowledge and skills.
- The role will include pool data entry (both claim details and the issuance of recovery statements) using the Group’s Data Collection Portal and reconciliation reports (run from Business Objects) Reviewing claim recovery amounts and invoicing where necessary.
- Certain Ledger Keeper duties including making payments to other Clubs / Reinsurance Brokers and the allocation of incoming cash.
- Monthly statements of account upkeep and liaising with other P&I Club’s / Reinsurance Brokers with regards to the agreement of payment amounts. Attending International Group
- Meetings in respect of the Working Group to discuss enhancing the Groups Data Collection Portal.
- Systems to be used and to have training on, will be Business Objects, Coda (Accounts systems) SSM Reinsurance / Underwriting / Claims systems.
Person Specification
- Advanced knowledge of Microsoft Excel spreadsheets is a requirement.
- Good communication and interpersonal skills across at all levels, both written and orally.
- Flexible team player and ability to work on own initiative but sufficient judgement to know when to refer to Manager.
- Good self-motivation and ability to be adaptable to a changing environment.
- Proactive outlook in setting and prioritising work and meeting deadlines.
- Good organisational skills and attention to detail.
- Good working knowledge of Microsoft (Including Excel)
Benefits
What you will get
Joining our collaborative, supportive and friendly working environment, you will enjoy a rewarding career with the opportunity to build on your existing skills and knowledge.
- We offer great work life balance initiatives, including competitive hybrid working policy.
- Clear and transparent career pathway – offering you continued support with enhancing your skills and creating employment development opportunities.
- We offer free educational access to the Protection & Indemnity Qualification, created by the International Group of P&I Clubs.
- An attractive benefits package which includes private healthcare.
- We also provide competitive health subsidy, and access to our comprehensive wellbeing and savings programme throughout the year, to create an environment that supports everyone’s mental and physical health.
- Company Values
- Mutuality - ensuring fairness amongst Club Members
- Integrity - upholding high ethical, legal, and regulatory standards
Safety and Sustainability - contributing to safety of life at sea and the preservation of the environment.
Transparency - building strong relationships based on trust and open communication.
Excellence - enabling our people to realise their full potential as team members, industry experts, leaders, and managers.
Collaborative - embracing flexibility, diversity, and inclusivity.
**Steamship Insurance Management Services Ltd is committed to providing a great service to all our members.
We pride ourselves on offering a people-centred culture that provides mutual respect and support for all our staff, and we welcome and encourage you to apply**
Reinsurance Assistant in London employer: Steamship Insurance Management Services
Steamship Mutual is an excellent employer, offering a collaborative and supportive work environment in the heart of London, near Liverpool Street station. With a strong focus on employee growth, we provide clear career pathways, access to educational qualifications, and a comprehensive benefits package that includes private healthcare and wellbeing programmes. Our commitment to mutual respect and inclusivity ensures that every team member can thrive and contribute to our mission of safety and sustainability in the maritime industry.
Contact Details:
Steamship Insurance Management Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Assistant in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Reinsurance Assistant in London
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 Steamship Insurance Management Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Steamship Insurance Management Services. 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 Steamship Insurance Management Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Steamship Insurance Management Services 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 Steamship Insurance Management Services, 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 Steamship Insurance Management Services'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.
