drjobs Loss Fund Analyst

Loss Fund Analyst

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1 Vacancy
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Job Location drjobs

London - UK

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Description

We are Vitesse the treasury and payment partner of choice for insurance.

Formed in 2014 by a team of proven FinTech entrepreneurs we are an FCAregulated business providing global claim funds management and payment solutions. Operating one of the largest banking and payment settlement networks in the world we give our customers direct access to 200 countries and currencies. Through a single integration insurers can use this network to pay claims in as fast as 45 seconds and deliver a superior claimant experience. Our marketleading treasury proposition provides insurers with transparency and control over their claim funds even when delegated to thirdparties allowing them to have their money in the right place at the right time to make that allimportant payment when customers need it most.

With over 175 employees across our London headquarters Europe and the US $93m Series C funding secured and exceeding 10bn in processed transactions we are only just getting started.

We are collaborative customer centric and work with integrity whilstpartnering with some of the biggest insurance leaders includingLloyds of London and Many Pets. We take huge pride in our company culture ensuring that everyone has a part to play an opportunity to be heard be involved and the ability to make a real we continue to scale up we want likeminded humans to join us on this exciting journey. Are you ready

The Role:

Loss Fund Analyst

Core responsibilities:

As a Loss Fund Analyst you will be responsible for delivering across the companys key priorities which are outlined below:

1. Supporting business development and relationship management to sell the service.

2. Assist Solutions Managers in the endtoend implementation process (internal and external stakeholders).

3. Work closely with TPAs and Brokers to obtain analyse and validate insurer data.

4. Make Recovery Migration and Optimization recommendations based on analysis of the Loss Fund data. Include and record justifications for recommended actions.

5. Manage all TPA and Broker engagement and communicate clearly with the Insurer.

6. Provide first rate reporting to Insurers to monitor and evaluate project status.

7. Support the Finance team in the invoicing process for the recovery of funds


Why do we need this hire

Vitesse is expanding rapidly and with our growing portfolio of projects we need a dedicated Loss Fund Analyst to help streamline and manage the coordination of ThirdParty Administrator (TPA) processes.

This role is essential for efficiently recovering and migrating funds ensuring that our projects run smoothly and funds are properly managed. As we continue to scale this position will play a crucial part in supporting our operational success and driving longterm growth.

Why Join Us

We are a highgrowth business with a strong open and positive culture. At Vitesse we combine the fastpaced innovative energy of a scaleup with the solid foundation of a proven productmarket fit and an exciting market opportunity. As VP of Marketing youll have the chance to build something meaningful working with a team of passionate individuals committed to driving growth. With a unique blend of handson leadership and strategic responsibility this role offers the opportunity to leave a tangible impact on the companys success in both the UK and US markets.



Requirements
  • A personable hardworking logical and diligent candidate with circa 2 years experience in an analytical or project support role.
  • Experience in the payments or insurance industry (London Market) is beneficial. Knowledge in the use of London Market systems (Velonetic) for claims payment administration whilst not crucial would be seen as highly advantageous.
  • The successful candidate will be an excellent communicator and have the ability to manage multiple workstreams effectively.


Benefits

    • 25 days Holiday per year (increasing by 1 day per years service up to 30 days) Bank Holidays
    • Hybrid working arrangements minimum 2 days in the office Tuesday Thursday
    • Contributory pension scheme
    • Enhanced Parental leave
    • Cycle to Work Scheme
    • Private Medical Insurance with AXA
    • Unlimited access to therapy sessions through our partner Oliva
    • Discounted Gym membership through Gympass
    • Financial Coaching with Octopus Wealth
    • 2 days of volunteering leave per year
    • Sabbatical after 5 years service
    • Life Assurance MetLife (UK employees only)
    • Ongoing Learning and Development to support you reach your career goals

Vitesse at our best our values

The Vitesse values are a true reflection of what it takes to thrive in our business so its important to us that any employee who joins our business is aligned with these 3 attributes

Confident Humility

We dont do ego and we know that unless we all win none of us win. We admit when were wrong ask for help and always think about the wider business before ourselves.

Driven to Succeed

We see the opportunity ahead of us and we wont stop until we fulfil the potential we know we have. We hold ourselves to high standards and deliver high quality outcomes for Vitesse and our customers.

Tenacious Responsibility

We take ownership for our actions and decisions and face into the challenges that come our way. We are committed to seeing things through to completion even in the face of adversity.

We are an Equal Opportunity Employer We are committed to creating an inclusive environment that enables everyone to perform at their best where we recognise the rights of all individuals to mutual respect and where there is an unbiased acceptance of others. Our policies and practices aim to promote an environment that is free from all forms of Unfair discrimination and values the diversity of all people. At the heart of our policy we seek to treat people fairly and with dignity and respect. Please confirm if selected for an interview what interview adjustments you would need You can contact Clara MorettiGreene on or in her absence contact our People Team


Required Experience:

IC

Employment Type

Full Time

Company Industry

About Company

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