At a Glance
- Tasks: Manage invoicing and claims collections in a dynamic insurance environment.
- Company: Join a global insurance client with a focus on claims management.
- Benefits: Enjoy a competitive salary, hybrid working, and comprehensive health benefits.
- Other info: Great opportunity for career growth in a supportive and collaborative setting.
- Why this job: Be part of a crucial team that ensures financial accuracy and compliance.
- Qualifications: Experience in finance administration, preferably in insurance, with advanced Excel skills.
The predicted salary is between 31500 - 38500 £ per year.
Wise May is recruiting for a Claims Administrator to join a claims management provider who are part of a global Insurance client to manage and process invoicing and claim collections from the London insurance market.
This is a permanent role (hybrid working pattern with 3 days per week in the office).
Administrator duties and responsibilities
- Claims collections and fee Invoicing, including controls & reconciliations - Overseeing the monthly cycle from the database, monitoring work in progress, invoicing totals, VAT, disbursements and maintain oversight of fee reconciliations and payment of claims.
- Collections Governance and Oversight - Coordinate the submission and tracking of claims collections and entries, maintain ownership of collection bordereaux, endorsements and compliance loss runs ensuring accuracy and monitor underwriter responses and bureau signings.
- Payment Monitoring & Account Liaison - Track incoming payments for fees and collections, act as the primary liaison with accounts for payment identification, reconciliation and correlation, provide clear payment breakdowns and supporting documentation.
- Reporting & Month-End Assurance - Produce and distribute monthly loss runs and collection summaries to underwriters and confirm month end position by validating that collections, outstanding balances.
Administrator key skills and experience required
- Demonstrable experience working in a finance administration role, preferably within the insurance sector.
- Advanced Excel skills, including reconciliation and data validation.
- High attention to detail and strong organisational skills.
- Good working knowledge of standard windows applications (e. g. Outlook, Word etc)
Benefits
- Pension with enhanced employer contributions
- Critical Illness Cover
- Death in Service Scheme
- Dental Cover
- Permanent Health Insurance Scheme
- Private Medical Insurance Scheme
- Subsidised Restaurant
Administrator in Suffolk employer: Wise May Ltd Careers
Joining our team as a Claims Administrator offers you the opportunity to work within a dynamic claims management provider that is part of a global insurance client. We pride ourselves on fostering a supportive work culture that values employee growth, offering comprehensive benefits such as enhanced pension contributions, private medical insurance, and a subsidised restaurant. With a hybrid working model and a focus on work-life balance, this role not only provides meaningful work but also the chance to thrive in a collaborative environment in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Administrator in Suffolk
✨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 Wise May Ltd Careers). 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 Wise May Ltd Careers. 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 Administrator in Suffolk
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 Wise May Ltd Careers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Wise May Ltd Careers. 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 Wise May Ltd Careers
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Wise May Ltd Careers 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 Wise May Ltd Careers, 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 Wise May Ltd Careers'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.