Insurance Assistant - Insurance - City - upto £45,000

Team Assistant - City, London

Ref: 518Friday 19 July 2024

Wise May are looking for a Portfolio Operations Assistant to join a busy international Insurance business in the City.
 
Responsible for the administration of Insurance and/or Reinsurance accounts and contracts, from establishing and maintaining contractual data, processing the Insurance and/or Reinsurance account bookings, claims handling and manage the related cash flow. Candidate will also support the Underwriters in administrative activities related to the underwriting process. 
 
Duties include:
- Maintenance of all Underwriting and Operational support tasks process documentation.
- Allocation of outwards reinsurance premium messages.
- Check and process of accounts and claims advices.
- Clarify discrepancies of accounts and claims with underwriters/ claim experts/ cedents/brokers. 
- Manage cashflow including setting-up of client bank accounts in the accounting system, processing of outgoing/incoming payments and follow up on pending payments and open balances.
- Perform ICS controls (Internal Control System).
- Liaise with the other stakeholder, e.g. underwriters, reserving, closing team, financial accounting.
- Understanding of the company priorities and act accordingly.
- Organize and monitor the workload within the team, maintain a low backlog, intervene when needed and set priorities.
- In charge of HR topics within the team.
 
Skills required:
- Highly motivated.
- Enthusiastic.
- Team Player.
- Exceptional organisational skills.
- Advanced MS Office skills (focus on MS Excel, Power Query).
- Business Objects skills beneficial.
- Power Bi, Tableau, skills beneficial.
 
Monday - Friday, 09:00-17:00, hybrid working.
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