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For Companies At a Glance
- Tasks: Manage your own caseload of Financial Lines claims, focusing on Management Liability and FI risks.
- Company: Join Lockton, a leading insurance firm known for its agile working environment and supportive culture.
- Benefits: Enjoy flexible working with a minimum of two days in the office and opportunities for professional growth.
- Why this job: Be part of a dynamic team, develop your skills, and make an impact in the insurance industry.
- Qualifications: Experience in Management Liability, Crime, and FI Claims is essential; ACII progress is a plus.
- Other info: This role is based in London, offering a vibrant work atmosphere and networking opportunities.
The predicted salary is between 48000 - 72000 £ per year.
Lockton are recruiting for an experienced Management Liability/Crime/FI Claims Associate to join the Professional & Financial Risks Claim team.
About the Role
The successful candidate will be responsible for managing their own caseload of Financial Lines claims which will predominantly relate to Management Liability/FI risks, although a knowledge of other classes of business such as Global Professional Indemnity and Cyber would be advantageous. Whilst this role is London based, Lockton are operating in an agile working environment, with an expectation of being in the office for a minimum of two days a week.
About You
Your knowledge and expertise:
- Experience in Management Liability, Crime and FI Claims experience.
- Proven technical and policy interpretation ability.
- Strong technical claims processing knowledge with a solid understanding of the London Market.
- Experience and knowledge of London Market systems including ECF and CLASS.
- Experience of liaising with clients and Insurers and being involved in claims negotiations.
- Excellent communications skills and when required attend external client meetings.
- Energy and appetite to learn and proven ability to develop and progress within the business.
- Working towards the ACII would be an advantage.
Seniority level: Associate
Employment type: Full-time
Job function: General Business
Industries: Insurance
Professional Indemnity Claims Associate employer: Lockton
Contact Detail:
Lockton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Professional Indemnity Claims Associate
✨Tip Number 1
Familiarise yourself with the London Market systems like ECF and CLASS. Understanding these systems will not only boost your confidence during interviews but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the Management Liability and Financial Lines sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the role and company culture.
✨Tip Number 3
Brush up on your negotiation skills, as this role involves liaising with clients and insurers. Consider role-playing scenarios with a friend or mentor to practice articulating your points clearly and confidently.
✨Tip Number 4
Show your enthusiasm for continuous learning by researching the ACII qualification. Mentioning your interest in pursuing this certification can set you apart as a candidate who is committed to professional development.
We think you need these skills to ace Professional Indemnity Claims Associate
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Professional Indemnity Claims Associate position. Make sure you understand the key responsibilities and required skills, particularly in Management Liability, Crime, and Financial Lines claims.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with Management Liability and Financial Lines claims. Include specific examples of your technical claims processing knowledge and any relevant systems like ECF and CLASS.
Showcase Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application that demonstrate your ability to liaise with clients and insurers effectively. Mention any experience attending external client meetings.
Tailor Your Application: Customise your CV and cover letter to reflect the requirements of the job. Use keywords from the job description, such as 'technical claims processing' and 'London Market', to ensure your application stands out.
How to prepare for a job interview at Lockton
✨Showcase Your Technical Knowledge
Make sure to highlight your experience with Management Liability, Crime, and Financial Lines claims. Be prepared to discuss specific cases where you successfully interpreted policies and processed claims, as this will demonstrate your technical expertise.
✨Familiarise Yourself with London Market Systems
Since the role requires knowledge of systems like ECF and CLASS, it’s crucial to brush up on these platforms before the interview. Being able to speak confidently about your experience with these systems can set you apart from other candidates.
✨Prepare for Client Interaction Scenarios
Given that the role involves liaising with clients and insurers, think of examples where you effectively communicated or negotiated in previous roles. This will show your ability to handle client meetings and negotiations professionally.
✨Demonstrate Your Willingness to Learn
Lockton is looking for candidates who have the energy and appetite to learn. Be ready to discuss how you’ve pursued professional development in the past, such as working towards the ACII qualification, and express your enthusiasm for growing within the company.
