Reinsurance Accounts Assistant

Role Purpose

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 on 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 from underwriting staff and brokers (e.g., adjustments on signing, incorrect currency bookings).
• Ongoing improvement of credit control systems; implement new credit control systems where required.
• Document credit control procedures.
• Assist in the production of reports and analyses concerning the Company and its syndicates; develop and implement new reports.
• Produce regular and ad hoc reports analysing cash collections.
• Regularly monitor and report overdue premiums in a timely manner.
• Assist with preparation for reporting packs to Lloyd’s and local management.
• Provide team assistance when performing year-end or monthly reporting tasks.
• Aware of 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 Conduct Risk Framework; manage potential conflicts of interest to maintain the integrity of the company.
• Advise Compliance of any complaints immediately.

Performance Measures

• Achievement of Service Level Agreements (SLAs) for processing of premiums 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 understanding of their business needs.
• High standards of accuracy and data integrity.

Qualifications, Skills and Experience

Essential

• Intermediate Excel capability (v-lookups, pivot tables, ability to interpret large data sets).
• Intermediate Word, PowerPoint, Outlook capability.
• Interest in the London Insurance Market.

Desirable

• Opportunity to develop Excel skills further (build complex macros).
• Familiarity with Power BI to analyse and present meaningful data trends.

Core Behavioral Competencies

• Analysis and decision making
• Innovation and problem solving
• Relationships
• Performance focus
• Communication and influence

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. Our aim is to grow our own talent and bring out the best in people.