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For Companies At a Glance
- Tasks: Manage and process reinsurance claims while ensuring compliance and communication with clients.
- Company: Join a leading Lloyd's Insurance Broker known for its dynamic work environment.
- Benefits: Enjoy hybrid working for a great work-life balance and potential corporate perks.
- Why this job: This role offers variety, client interaction, and the chance to make an impact in the insurance sector.
- Qualifications: Experience in reinsurance claims and understanding of Lloyd's markets is essential.
- Other info: Opportunities available in other areas of the Insurance Market as well.
The predicted salary is between 36000 - 60000 £ per year.
Lloyd's Insurance Broker is searching for a Reinsurance Claims Technician to join the business on a flexible hybrid basis. The role requires dealing with clients face to face within the London and Provincial areas, utilising your experience in Reinsurance Claims across a variety of areas.
This is a varied and interesting position that requires excellent communication skills. As a Reinsurance Claims Technician, you will be responsible for overseeing and completing the production of new claim files to a defined standard, reviewing claims received, and providing feedback to third parties where required.
Your primary responsibilities will include:
- Producing claims information and presenting to reinsurers, either in written format such as CLASS or LORS.
- Dealing with instructions, queries, and enquiries.
- Identifying risk upon receipt of claim notification, reviewing details in conjunction with coverage/wording afforded, acknowledging to client/intermediary, preparing claims file accurately and promptly, and maintaining in-house and external computerised claims records.
- Monitoring reinsurers' agreement and payment of funds, ensuring timely payment to the appropriate beneficiary.
- Providing regular feedback to the Claims Manager on the portfolio of claims, status, market conditions, and their possible implications.
- Attending internal/client meetings as appropriate.
- Ensuring compliance with FCA Guidelines and Group rules and procedures, including maintaining accurate records.
This role offers hybrid working, enabling an excellent work-life balance. If you feel you have the relevant experience and want a new challenging and varied career, please submit your CV for consideration.
We are also recruiting within other areas of the Insurance Market, so please get in contact if you are considering your next career move.
Reinsurance Claims Hybrid Working employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Claims Hybrid Working
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its specific processes. Understanding how claims are managed within this framework will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the reinsurance sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities.
✨Tip Number 3
Prepare to discuss your experience with excess of loss claims in detail. Be ready to share specific examples of how you've successfully managed similar claims in the past.
✨Tip Number 4
Showcase your communication skills by preparing for role-play scenarios. Since the job involves client interaction, demonstrating your ability to handle queries effectively will be crucial.
We think you need these skills to ace Reinsurance Claims Hybrid Working
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in reinsurance claims, particularly any work with excess of loss claims. Use specific examples that demonstrate your understanding of the Lloyd's markets and your ability to manage claims effectively.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your excellent communication skills and provide examples of how you've successfully handled client interactions in the past, especially in a hybrid working environment.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as attention to detail, organisational abilities, and compliance knowledge. Make sure to mention your experience with computerised claims records and your ability to provide feedback to management.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential in the insurance industry.
How to prepare for a job interview at The Recruiter Ltd
✨Understand the Lloyd's Market
Make sure you brush up on your knowledge of the Lloyd's market before the interview. Familiarise yourself with how it operates and the key players involved, as this will demonstrate your commitment and understanding of the industry.
✨Showcase Your Communication Skills
Since excellent communication skills are crucial for this role, prepare examples of how you've effectively communicated with clients or colleagues in the past. Be ready to discuss how you handle queries and provide feedback.
✨Prepare for Technical Questions
Expect questions related to reinsurance claims and the specific processes involved. Review your experience with excess of loss claims and be prepared to discuss how you would approach various scenarios that may arise in the role.
✨Highlight Your Organisational Skills
As you'll be managing multiple claims and ensuring compliance with guidelines, it's important to convey your organisational abilities. Share examples of how you've successfully managed your workload and maintained accurate records in previous roles.
