Finance Operations Assistant Manager

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Date: Apr 24, 2024

Location: London, GB, EC3M 3BD

Company: Aspen Insurance

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

 

Role Purpose 

 

Management of operational accounting and finance reporting activities within the UK entities relating to Premium Debtor and Claim Creditor processes. Ensuring that the accuracy, currency and consistency of underlying data appropriately facilitates the production of financial reporting/analyses, and ensures that management and leadership teams are kept informed about financial performance/risks
Our Aspen Values are expected to be reflected in the delivery and performance of every role.

 

Strategy and Planning

  • Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal delivery.
  • Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities.
  • Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.

 

Policy, Process and Procedures 

  • Supports the implementation of the Finance strategy to enable delivery of overall business targets.
  • Adheres to Finance standards, instructions and good practice to minimise risk and maximise efficiency.
  • Performs finance activities in accordance with all legal and regulatory requirements to ensure obligations are met. 

 

Technical Performance 

  • Establishes, strengthens and develops relationships with stakeholders including customers, brokers, business partners and colleagues to support their needs, maximise influence, and achieve business objectives
  • Responds to internal and external stakeholder requests in accordance with service standards. 
  • Demonstrates an understanding and awareness of market dynamics and market cycle to enhance business performance.
  • Maintain strong relationships with stakeholders, including internal (e.g. Claims, Internal Audit, Treasury, Systems) and external auditors and third party Claim administrators, to ensure service delivery meets customer expectations

 

Knowledge 

  • Knowledge of the market the company operates in and London Market Operations (Lloyd’s, IUA, LPSO, LPC etc).
  • Strong understanding of Aspen’s business objectives and how own role/team contributes to these.
  • Knowledge of Aspen HR Policies and Practice
  • Sound working knowledge of premium and/or claims processing and documentation 
  • Good working knowledge of FCA, and other, regulations as they pertain to insurance intermediaries – particularly in relation to the handling of client money & money laundering.

 

Skills

  • IT literate
  • Good written and verbal communications skills – is articulate and confident
  • Accuracy and attention to detail
  • Excellent analytical skills 
  • Effective time management skills with the ability to manage priorities to meet strict deadlines 

 

Experience

  • Financial services experience, specifically within the insurance sector
  • Has managed others 
  • Highly desirable - relevant accounting qualification (such as such as AAT, ACCA, in the UK or alternatively qualified by experience by proven track record of finance related positions
  • Experience with working with an offshore provider highly preferred

 

 

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate.  We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.

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