Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to a wide range of businesses and industries worldwide.
Founded by Cornelius Vander Starr in Shanghai, China in 1919, we have grown to become one of the world's fastest-growing insurance organizations, operating in 128 countries across 6 continents.
Roles and Responsibilities
1. Chase, allocate (premiums and taxes), monitor, and report overdue premiums to the Credit Control Manager.
2. Liaise with local Financial Operations teams and underwriting departments to assist with premium collection or renewals of outstanding debts.
3. Monitor aged debt and respond to internal and external trends and changes.
4. Identify gaps in credit control practices and systems, implement improvements, and document updated procedures.
5. Build and maintain relationships with internal and external stakeholders.
6. Coordinate proactively with European branches regarding allocation and collection processes.
7. Assist in producing weekly credit control reports and analyses for Starr companies.
8. Manage the issuance of monthly statements to brokers and follow up on outstanding premiums.
9. Support the development and implementation of new reports aligned with company and regulatory requirements.
10. Contribute to developing credit control systems and understanding booking systems.
11. Assist in generating weekly cash collection reports and monthly overdue premium reports.
12. Investigate and allocate directly received and unallocated cash in bank accounts.
13. Ensure proper declaration, entry, and splitting of taxes for each cash allocation.
14. Follow up on outgoing payments and ensure invoice alignment with allocations.
15. Manage lead fee invoices and VAT declarations within the finance team.
Experience
1. 2-3 years of relevant experience.
2. Knowledge of credit control processes, reconciliation, and arrangements.
3. Experience with Lloyd’s / London Market / Continental Europe processing and reporting arrangements.
4. Building and maintaining credit control procedures and systems.
5. Understanding of underwriting processes, controls, and systems.
Systems & IT
1. Eclipse
2. Vyper
3. MS Office Suite – advanced Excel, Word, PowerPoint, Outlook
Starr is an equal opportunity employer committed to creating an inclusive environment. We offer comprehensive training and development opportunities to help our employees grow and succeed.
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