At a Glance
- Tasks: Assist clients with insurance claims, data analysis, and presentations to ensure successful settlements.
- Company: Join INDECS, a leading insurance consultancy focused on major global infrastructure projects.
- Benefits: Enjoy competitive salary, 25 days leave, private medical insurance, and hybrid working options.
- Why this job: Be part of an exciting growth phase, develop your skills, and make a real impact in the industry.
- Qualifications: Degree level education, strong analytical skills, and a willingness to learn and travel.
- Other info: Opportunities for professional qualifications and a supportive team environment await you.
The predicted salary is between 36000 - 60000 £ per year.
INDECS Consulting Limited, London UK
About INDECS and Claims Consulting
INDECS is a market-leading, independent insurance consultancy business which focuses on large infrastructure projects in the utilities, energy and power sectors worldwide. We have a team of experts who provide bespoke, independent advice to buyers and lenders, on complex and varied insurance claims, insurance risk management and project finance issues. The company started in 1988 and has grown significantly over the years. INDECS is at an exciting phase of development and growth. Our core business areas are Claims Consulting, Lenders Insurance Advisory and Insurance Consulting.
Role Specifics
- To provide consultancy services on the management and settlement of insurance claims to Insureds.
- Advising clients on the collation, formulation and presentation of insurance claims.
- Data analysis and collation with regards to costs and expenses incurred.
- Audit and formulation of the claim quantum, including production of accounting data with fully supported cost documentation.
- Produce statements as to the quantum of insurance claim.
- Support client in production of data within timely manner.
- Track and record progress of claim against agreed strategy and timeline.
- Presentation of claim documentation to loss adjusters / lawyers representing insurers.
- Support with regards to claim strategy and processing in order to bring a claim to settlement.
- Support in the retention, instruction and management of technical subject matter experts.
- Support in relation to advice on content and production of root cause analysis.
- Support with regards to advice on policy coverage and interpretation.
- Support as regards retention and utilisation of external lawyers.
- Support other INDECS activities as required by the Directors from time to time.
In order to fulfil the role, the employee will be required to undertake the following:
- Communicate with risk managers, insurance managers, project managers, brokers, loss adjusters, lawyers, underwriters, technical consultants on claim related issues.
- Attend meetings with clients, loss adjusters, brokers and/or lawyers.
- Undertake presentations of data to loss adjuster, lawyers.
- Participate in audit process of claim quantum.
- Develop existing and new business opportunities on a worldwide basis.
- Promote the company at external functions, conferences, seminars etc.
- Conduct case law research and reviews.
- Produce proposals for clients.
- Support the Directors and Consultants in the claims/adjustment drafting process.
- Provide general support and ad hoc assistance as required.
- Progress towards and complete professional qualifications (ACII) within 3 years of start of employment.
Candidate Requirements
- Educated to degree level (or equivalent).
- The candidate should be numerate, with the ability to analyse and manipulate large volumes of data through the use of Excel.
- Excellent analytical and presentation skills, particularly in the collation and presentation of cost data.
- Strong organisational skills to manage workflows, collate information and track progress.
- Strong communication skills, in particular written skills.
- Willingness to work under pressure and with the flexibility to meet client needs.
- Willingness to travel domestically and internationally.
- Participate in a team environment, both internally and externally with clients.
- Insurance knowledge preferable, but not essential.
- Previous working experience desirable, but not essential.
Employee Benefits
- Highly competitive salary
- 25 days annual leave, plus bank holidays
- Annual bonus policy
- INDECS workplace pension scheme
- Private Medical Insurance for you and any dependants
- Group Income Protection (GIP) – up to 80% of salary until retirement
- Group Life (Death in Service) x 4 salary
- Travel Insurance for you and any dependants.
- Personal Accident
- Biennial Health Screening
- Interest free season ticket loan
- Salary Sacrifice Schemes:
- Additional Annual Leave (purchase of up to 5 extra days)
- Electric Vehicle Lease
- Cycle to Work
- Eye test every 2yrs with contribution towards glasses.
Assistant Consultant - Claims employer: INDECS Consulting Limited
Contact Detail:
INDECS Consulting Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Consultant - Claims
✨Tip Number 1
Familiarise yourself with the insurance claims process, especially in relation to large infrastructure projects. Understanding the nuances of claims management will help you engage more effectively during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance consultancy field. Attend industry events or webinars where you can meet people from INDECS or similar companies. Building connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your data analysis skills, particularly in Excel. Since the role involves manipulating large volumes of data, showcasing your proficiency in this area during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your organisational skills and how you manage workflows. The role requires tracking progress against timelines, so having examples ready that illustrate your ability to stay organised under pressure will be beneficial.
We think you need these skills to ace Assistant Consultant - Claims
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the role of Assistant Consultant in Claims. Emphasise your analytical abilities, communication skills, and any experience with data analysis or insurance.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses how your background and skills make you a great fit for INDECS. Mention your understanding of the insurance consultancy sector and express your enthusiasm for contributing to their team.
Showcase Relevant Skills: In your application, clearly demonstrate your proficiency in Excel and your ability to analyse large volumes of data. Provide examples of how you've successfully managed workflows or presented data in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role.
How to prepare for a job interview at INDECS Consulting Limited
✨Know Your Claims
Familiarise yourself with the types of insurance claims INDECS deals with, especially in the utilities and energy sectors. Be prepared to discuss how you would approach advising clients on claim formulation and presentation.
✨Showcase Your Analytical Skills
Since the role requires data analysis, be ready to demonstrate your proficiency with Excel and your ability to manipulate large volumes of data. Consider bringing examples of past work where you've successfully analysed data to support claims.
✨Prepare for Client Interactions
The position involves communicating with various stakeholders like risk managers and lawyers. Practice articulating your thoughts clearly and confidently, as well as how you would handle challenging conversations or negotiations.
✨Understand the Company Culture
Research INDECS's history and its growth trajectory. Understanding the company's values and culture will help you align your answers with what they are looking for in a candidate, showing that you're genuinely interested in being part of their team.