Reinsurance Accounts Assistant

Reposted Yesterday
Fenchurch Street, London, Greater London, England, GBR
In-Office
Entry level
Insurance
The Role
The Reinsurance Accounts Assistant will manage collections of outstanding payments, assist in producing reports, support the Finance Team, and ensure accurate documentation.
Summary Generated by Built In

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Role PurposeThe 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 upon 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;
  • Managing queries (e.g. adjustments on signing, incorrect currency bookings, etc.) from both underwriting staff and brokers;
  • Ongoing improvement of credit control systems;
  • Implementation of new credit control systems;
  • Document credit control procedures;
  • To assist in the production of reports and analyses concerning the Company and its syndicates;
  • Assist in the development and implementation of new reports;
  • Produce regular and ad hoc reports analysing cash collections;
  • Regular monitoring and timely reporting upon overdue premiums;
  • Assist as needed with preparation for reporting packs to the Lloyd’s and local management;
  • Provide team assistance when performing year end or monthly reporting tasks;
  • Awareness of any 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 standards for Conduct Risk Framework;
  • Manage any potential conflicts of interest to avoid disrepute to the company’s integrity; and
  • Advise Compliance of any complaints immediately.
Performance Measures
  • Achievement of Service Level Agreements (SLAs) for processing of premium 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 knowledge of their specific business needs;
  • High standards of accuracy and data integrity;
  • Achievement of Service Level Agreements (SLAs) for processing of premium 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 knowledge of their specific business needs; and
  • High standards of accuracy and data integrity.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.Qualifications, skills and experienceEssential
  • 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 skills in Excel capability (build complex macros).
  • Familiarity with Power BI to analyse and present meaningful data trends.
Core behavioural 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.

Skills Required

  • Intermediate Excel capability (v-lookups, pivot tables, ability to interpret large data sets)
  • Intermediate Word, PowerPoint, Outlook capability
  • Interest in the London Insurance Market
  • Opportunity to develop skills in Excel capability (build complex macros)
  • Familiarity with Power BI to analyse and present meaningful data trends

Starr Insurance Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Starr Insurance and has not been reviewed or approved by Starr Insurance.

  • Healthcare Strength Health coverage is frequently characterized as excellent, with comprehensive medical, dental, and vision options supported by wellness tools and an EAP. Feedback suggests additional voluntary protections (critical illness, accident, hospital indemnity) broaden overall healthcare security.
  • Retirement Support Retirement offerings include both a 401(k) and a defined‑benefit pension, which is often highlighted as a standout feature. Profit sharing is also referenced as part of the broader financial benefits mix.
  • Strong & Reliable Incentives Top performers in underwriting are described as receiving excellent pay with good bonuses and clear advancement opportunities.

Starr Insurance Insights

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The Company
HQ: New York, New York
2,935 Employees
Year Founded: 1919

What We Do

Starr Insurance is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Starr has the global knowledge, vision and relationships to help your company succeed, anywhere you do business.

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