Reinsurance Assistant (6 months FTC)

Roles & Responsibilities

• Support the outward reinsurance process for all London and European Starr operations.
• Maintain reinsurance procedures manual in line with the Company’s reinsurance procedures.
• Assist in analysing and reporting on premiums and claims settlements and outstanding balances for monthly reporting.
• Conduct on-going checks of financial data to ensure accuracy and validation.
• Perform monthly cash reconciliation for direct settlements (GL vs subledger)
• Perform monthly cash reconciliation for settlements from LORS (GL vs subledger)
• Daily chasers of the cash call collections raised
• Weekly chasers of outstanding Fac & XoL collections and monitoring
• Weekly chasers of QS receivables balances with focus on aged balances to clear
• Weekly accurate reporting on outstanding balances; including aged debt
• Address and assist in resolving payment discrepancies, disputes and billing issues
• Proactively address errors arising and queries
• Maintain accurate records of debt recovery efforts
• Support the production of cash flow forecasts
• Support the production of quarterly financial returns
• Support the production of accurate quarterly financial reports for Exco.
• Provide support for accurate quarterly Lloyds & Group reports.
• Input into the quarterly QMA / QMB reports to Lloyd’s.

Experience

• Background in Finance
• Experience with data entry and analysis
• Good Excel skills (pivot table, vlookups etc.)
• Credit control and balance reconciliation.

Skills

• Analytical and problem solving skills;
• Focus on meeting deadlines and timeliness
• Numerate; attention to detail
• Negotiation, judgment and decision making ability, proactive
• Project planning and organisational skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral, good teamwork;
• Willingness to learn.

Systems & IT

• MS Office – Excel, Word and Outlook;
• Underwriting Systems;
• Credit Control System; and
• LORS.