Starr Insurance Companies 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.
Roles and Responsibilities
* Chase, allocate (premiums and taxes), monitor and report upon overdue premiums to the Credit Control Manager.
* Liaise with local Financial Operation teams and underwriting departments, where required, to assist with collection of premium or renewals of business with outstanding debt.
* Monitor Aged Debt and react to changes and trends both internally and externally.
* Identify gaps in credit control practices and systems, implementing measures for improvement and documenting updated credit control procedures.
* Build and retain relationships with external and internal stakeholders.
* Interact proactively with European branches in their allocation and collection processes.
* Assist in the production of weekly credit control reports and analyses for Starr companies.
* If required, manage the issuance of monthly statements to the brokers and coordinate with the business regarding outstanding premiums.
* Assist in the development and implementation of new reports in line with Company’s business and regulatory requirements, as required.
* Help to develop credit control systems, and understand how booking systems work.
* Assist in the producing of weekly reports for the analysis of cash collections.
* Assist in the producing of monthly reports for overdue premiums and monitor.
* Assist with and investigate any directly received cash and unallocated cash in the bank accounts to establish allocation to policies.
* Ensure taxes are declared, entered and split properly for each and every cash allocation.
* Follow up on outwards payment - COA-REA for leading policies and ensure invoices are aligned with allocations.
* Administrate Lead fee invoices and VAT lead fee declarations within the finance team.
Experience
* 2-3 years’ relevant experience;
* Credit control processes and arrangements and reconciliation;
* Lloyd’s / London Market / Continental Europe processing arrangements for reporting;
* Building and maintaining credit control procedures and systems;
* Underwriting processes, controls and systems.
Systems & IT
* Eclipse
* Vyper
* MS Office – Excel (advanced level), Word, PowerPoint and Outlook.
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.
About Us
Starr Insurance is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
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