Operations Assistant IBA

Our client, an Insurance company, is looking for someone to join their team as an Operations Assistant.

PURPOSE OF THE ROLE:

To be responsible for all aspects of cash management for the reinsurance transactions in the risk and accounting systems for all books of business written across multiple balance sheets.

RESPONSIBILITIES

* Working closely with the Underwriting and Finance as part of the Operations team
* Reconciliation of Broker/ Cedant Statement of Accounts.
* Booking and applying/ matching of cash receipts and disbursements in reinsurance accounting system
* Processing of all financial account messages
* Working with technical/ claims teams to resolve issues whereby cash cannot be allocated to accounts
* Monitor accounts receivable and reports for overdue accounts (e.g. 60, 90 and 120 days) and follow up on all overdue accounts on a timely basis.
* Review cash in suspense balances and follow up on a timely basis
* Preparation and analysis of AR gross up
* Liaise with brokers/ coverholders and clients to resolve aged debt issues.
* Maintenance of documentation of anticipated receipts, cash disbursements and broker queries/ follow-ups.
* Management of all inter company payments and receipts.
* Provide regular updates to team and manager
* Assist in creating efficiencies and value creation (review existing processing and propose updates/ changes as appropriate)
* Participate in any special projects or ad-hoc tasks that may be required
* Ensure all functions are carried out with a high degree of quality, in a timely manner.
* Submission of all LPANS for direct payments/ receipts.
* Authorisation of any LORS entireties received.

QUALIFICATIONS, SKILLS & EXPERIENCE

* Educated to degree level or equivalent - advantageous
* Strong computer skills (Excel, Word)
* Strong organisational skills with the ability to handle a variety of duties in a timely and accurate manner
* Strong problem-solving skills and ability to analyse and process complex accounts and transactions
* Strong communication skills.
* Insurance experience advantageous
* Lloyds/ London Market Knowledge - essential
* Team player

REF: 8726

MW Appointments is acting as an Employment Agency in relation to this vacancy.