At a Glance
- Tasks: Support our global team by managing insurance invoicing and processing.
- Company: Join Texel Group, a leading independent insurance broker with a collaborative culture.
- Benefits: Enjoy competitive salary, generous holiday, flexible working, and comprehensive health insurance.
- Other info: Opportunities for training and involvement in charitable work.
- Why this job: Make an impact in a dynamic environment while developing valuable skills.
- Qualifications: Understanding of insurance processes and strong Excel skills required.
The predicted salary is between 51750 - 63250 £ per year.
With continued growth and expansion of the Company, we are looking for a Senior Operations Analyst to support our growing team. The successful candidate will have a deep understanding of Insurance invoicing & processing, Xchanging applications (IMR and ECF) and policy documents (MRCs, Premium Calculations, etc.). The candidate will report to our Operations Lead and will work closely with our Broking teams in London, Europe, New York, Los Angeles and Singapore.
What will you gain from this role? The Texel Group continues to grow, and we are expanding our Operations team across the Globe. The candidate will have the opportunity to work with a dynamic team while helping us to create an effective team delivery model to support our broking team in closing deals more efficiently. We also offer a large opportunity for internal and external training on different subjects, from Excel skills, Problem Solving, Data Management, Visualisation and more. Additional opportunities include assisting with the charitable work of the Texel Foundation.
Key Responsibilities:
- Liaise with Brokers, Clients and Insurers to create and maintain Invoices and Work Packages
- Ensure internal processes and controls are observed
- Support and drive the usage of proper tools and systems for Policy Management
Skills/Qualifications:
- Have a good understanding of Lloyd’s of London systems (ECF, IMR, etc.) and can work with them to submit complex or unique policies
- Understand London Market CRD, also knows how to ensure these details are reflected in the documentation
- Process Lloyd’s of London submissions against the agreed SLA and follow up when needed
- Manage submission and invoice queries from internal and external teams in order to ensure efficient payment processing
- Basic knowledge of insurance documents (e.g. MRC guidelines) and how they affect policies
- Basic understanding of taxes for placements
- Have a basic understanding of the financial documents (Credit and Debit Notes, LPANs, etc.) and transactions resulting from an insurance policy
- Good Excel skills
- Good understanding of other MS Office tools
- A real team player happy to get involved in multiple tasks
- Proactive and focused on the delivery of successful outcomes
- The ability to take ownership and be accountable for own deliverables
- Has a pragmatic approach when dealing with stakeholders
- Strong attention to detail
Benefits:
- Competitive salary based on your experience
- Annual discretionary bonus scheme
- 15% of gross salary pension contribution
- 25 days holiday plus bank holidays (increasing to 27 days at five years and 30 days at 10 years)
- Comprehensive private medical insurance with Bupa, including dental and menopause support service
- Parental leave: 26 weeks full pay maternity, 12 weeks full pay paternity
- Flexible working
- Life coaching sessions
- Critical illness insurance, group life assurance & group income protection
Inclusive Hiring at Texel: We are committed to ensuring that everyone feels accepted and we welcome applicants from all backgrounds. If your experience looks different from what you’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
About the Texel Group: The Texel Group is an independent, market-leading credit and political risk specialist insurance broker, primarily focused on the development, structuring and execution of credit insurance for our clients. With over 29 years’ experience working with major international investment and commercial banks, global commodity traders, international corporates and multilateral development finance institutions, our expert brokers have the skills and experience to help our clients understand the product and ensure that it is correctly structured for each transaction.
Operations Analyst in London employer: Texel Finance
The Texel Group is an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation within the insurance sector. Employees benefit from extensive training opportunities, competitive salaries, and a comprehensive benefits package, including generous parental leave and private medical insurance. With a commitment to inclusivity and personal development, the Texel Group provides a supportive environment for growth while contributing to meaningful charitable initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Operations Analyst in London
✨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 Texel Finance). 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 Texel Finance. 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 Operations Analyst 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 Texel Finance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Texel Finance. 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 Texel Finance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Texel Finance 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 Texel Finance, 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 Texel Finance'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.
