Finance Assistant *Annual Salary: £30,000 - £35,000 (dependent on experience) plus full study support
*Location: City of London
*Job Type: Hybrid (4 days in the office, 1 day from home)
Join a specialist Lloyd’s of London broker as a Finance Assistant, working in their City office. This role offers an excellent opportunity to be part of a small, knowledgeable team managing a growing portfolio of UK and international business. It’s a chance to develop your career within a supportive environment.
Day-to-day of the role: *Manage end-to-end financial transactions for the company’s Yacht Facility, including underwriting, claims management, premium collections from agents, and payments to insurance companies.
*Organise timely BACS premium payments and issue payment bordereaux.
*Reconcile multi-currency bank accounts.
*Process accurate and timely claims payments.
*Track and follow up on overdue premiums, ensuring compliance with payment terms.
*Send cancellation notices for overdue premiums.
*Prepare monthly performance reports for the Managing Director.
*Reconcile monthly income: premiums received, payments made, and commissions paid.
*Collaborate with the wider yacht team to resolve finance-related issues.
*Maintain relationships with insurers, agents, and brokers, resolving queries promptly.
*Provide general finance team support as needed.
*Play a supporting role in the implementation of a new finance system, ensuring a smooth transition.
Required Skills & Qualifications: *Strong communication skills for liaising with underwriters, claims managers, and external partners.
*Analytical and problem-solving abilities with experience in interpreting financial data.
*Knowledge of insurance financial processes, including premium collections and claims management (preferred but not essential).
*Experience in financial reporting, accounts payable/receivable, and claims processes.
*Experience with finance system implementation (preferred).
*Self-motivated, efficient, and adaptable.
*Proficient in Excel and Microsoft Office.
*Experience with multi-currency BACS payments.
*Familiarity with QuickBooks or similar finance systems (preferred).
*Collaborative team player.
Benefits: *Competitive salary with full study support.
*Hybrid working model (4 days in-office, 1 day from home).
*Opportunity to grow within the company and develop a career in finance within the insurance sector.
To apply for the Finance Assistant position, please submit your CV and cover letter detailing your relevant experience and why you are interested in this position.