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- Tasks: Manage and settle Financial Lines claims while liaising with clients and underwriters.
- Company: Join a leading insurance firm based in London, known for its innovative approach.
- Benefits: Enjoy a permanent role with competitive pay and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values communication and collaboration in the insurance sector.
- Qualifications: Experience in claims management and knowledge of Financial Lines is essential.
- Other info: Familiarity with CLASS and ECF Processing systems is a plus.
The predicted salary is between 36000 - 60000 £ per year.
Be primarily responsible for the management, strategy, and process for the notification, agreement, collection, and successful settlement of a portfolio of Financial Lines claims.
Location: London
Category: Insurance
Type: Permanent
Key Duties (Including but not limited to):
- First notification of loss for D&O, PI, and Crime claims.
- Negotiation and liaison with markets, clients, placement teams, specialists, network offices, underwriters, and appointed authorities (loss adjusters, lawyers, etc.).
- Conduct data analysis to establish the claims history for a particular client or business portfolio, and to identify trends and patterns in claims for a client or business segment.
- Negotiate the payment and settlement of claims with clients and underwriters.
- Coordinate discussions and, where appropriate, meetings to ensure a superior level of communication between the client, underwriter, and their representatives concerning the proposed settlement.
- Experience dealing with claims from the First Notification of Loss to resolution.
- Knowledge of Financial Lines Claims and confidence to coordinate and initiate discussions with their networks, clients, underwriters, and experts.
- Experience of the CLASS and ECF Processing system (preferable).
Claims Advocate – Financial Lines – 27842 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Advocate – Financial Lines – 27842
✨Tip Number 1
Familiarise yourself with the Financial Lines claims landscape. Understanding the nuances of Directors and Officers (D&O), Professional Indemnity (PI), and Crime claims will give you an edge in discussions and negotiations.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work with claims management. Building relationships can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your data analysis skills. Being able to interpret claims history and identify trends is crucial for this role, so consider taking a short course or using online resources to enhance your abilities.
✨Tip Number 4
Gain experience with the CLASS and ECF Processing systems if you haven't already. Familiarity with these systems will not only boost your confidence but also demonstrate your readiness for the role.
We think you need these skills to ace Claims Advocate – Financial Lines – 27842
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in managing Financial Lines claims. Emphasise your negotiation skills and any specific achievements in previous roles that relate to the key duties outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, address your understanding of the claims process, particularly for D&O, PI, and Crime claims. Mention your experience with data analysis and how it has helped you identify trends in claims, showcasing your analytical skills.
Showcase Relevant Experience: When detailing your work history, focus on your experience from the First Notification of Loss to resolution. Provide examples of how you've successfully negotiated settlements and coordinated discussions between clients and underwriters.
Highlight Technical Skills: If you have experience with the CLASS and ECF Processing system, make sure to mention it. This technical knowledge can set you apart from other candidates and demonstrate your readiness for the role.
How to prepare for a job interview at The Emerald Group
✨Understand Financial Lines Claims
Make sure you have a solid grasp of Financial Lines claims, including Directors and Officers (D&O), Professional Indemnity (PI), and Crime claims. Be prepared to discuss your experience with these types of claims and how you've successfully managed them in the past.
✨Showcase Your Negotiation Skills
Since negotiation is a key part of the role, think of specific examples where you've successfully negotiated settlements or agreements. Highlight your ability to liaise effectively with clients, underwriters, and other stakeholders.
✨Demonstrate Data Analysis Proficiency
Be ready to talk about your experience with data analysis, especially in relation to claims history and identifying trends. Prepare to discuss how you've used data to inform your decision-making and improve outcomes in previous roles.
✨Familiarise Yourself with Relevant Systems
If you have experience with the CLASS and ECF Processing systems, make sure to mention it. If not, do some research on these systems so you can speak knowledgeably about them during the interview.
