This Job Has Expired! This advert has now been deleted by the advertiser, the details below are for information only.
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.
Advertiser: Agency
Reference: JO0000008726
Posted on: 2024-02-01 10:52:37
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Insurance - City of London, Greater London
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This Job Has Expired! This advert has now been deleted by the advertiser, the details below are for information only.
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.
Advertiser: Agency
Reference: JO0000008726
Posted on: 2024-02-01 10:52:37
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