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For Companies At a Glance
- Tasks: Manage and resolve Financial Lines claims for diverse clients.
- Company: Join a leading Lloyd's syndicate known for its expertise in specialty claims.
- Benefits: Enjoy a negotiable salary and excellent benefits, including potential remote work options.
- Why this job: Be part of a dynamic team, contribute to industry knowledge, and make a real impact.
- Qualifications: Extensive experience in Financial Lines claims, particularly FI and PI, is essential.
- Other info: Opportunity to represent the syndicate at market meetings and lead discussions.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
Senior Claims Adjuster – Financial Lines
London
Salary – Negotiable Salary + Excellent Benefits
Role Summary
A leading Lloyd’s syndicate seeks a Senior Claims Adjuster to join its Specialty claims team, focusing on Financial Lines. The successful candidate will manage a diverse portfolio of Financial Institutions (FI) and Professional Indemnity (PI) claims from initial notification through to resolution.
Key Responsibilities
- Managing and adjusting Financial Lines claims, ensuring timely and effective resolution.
- Maintaining accurate and sufficient financial provisions for all assigned claims.
- Utilising claims management systems, including Docusoft and ECF, to efficiently process and report on claims.
- Contributing to the team's knowledge base by sharing expertise and insights on claims trends and best practices.
- Establishing and maintaining reserves for complex and large claims.
- Carrying out negotiations with Brokers, face to face when required.
- Representing the syndicate at market meetings, and leading meetings where appropriate.
Key Requirements
- Extensive experience in handling Financial Lines claims, particularly FI and PI, within the London / Lloyd's market.
- Solid understanding of policy coverage, claims negotiation strategies, and legal / regulatory issues.
- Handling complex claims through discovery process, dispute resolution, mediation, court and obtaining judgement.
- Knowledge of different international legal systems is highly desirable.
Keywords: Financial Lines; Claims Adjuster; FI Claims; PI Claims; Lloyd's Market; London Market; Docosoft; ECF; Senior Claims Adjuster
We do not retain any personal information without your permission. Please refer to our data protection policy on our official website for more information – www.claimsrecruitment.co.uk
Senior Claims Adjuster - Financial Lines employer: Claims Recruitment Services
Contact Detail:
Claims Recruitment Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events, seminars, or webinars where you can meet people who work in Financial Lines claims. Building relationships can lead to valuable insights and potential referrals.
✨Tip Number 2
Stay updated on the latest trends and changes in Financial Lines claims. Follow relevant publications, blogs, and forums to understand current issues and best practices. This knowledge will help you stand out during interviews.
✨Tip Number 3
Prepare for potential interview scenarios by practising your negotiation skills. Since the role involves negotiations with brokers, consider role-playing with a friend or mentor to refine your approach and build confidence.
✨Tip Number 4
Familiarise yourself with the claims management systems mentioned in the job description, like Docusoft and ECF. If you have experience with similar systems, be ready to discuss how you can quickly adapt and contribute to the team.
We think you need these skills to ace Senior Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in handling Financial Lines claims, particularly FI and PI. Use specific examples that demonstrate your expertise in claims negotiation strategies and your understanding of policy coverage.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your familiarity with claims management systems like Docusoft and ECF, and how you can contribute to the team's knowledge base by sharing insights on claims trends.
Highlight Relevant Experience: When detailing your work history, focus on your experience within the London/Lloyd's market. Emphasise your ability to handle complex claims through various processes such as mediation and court proceedings.
Showcase Soft Skills: Don't forget to mention your negotiation skills and your ability to represent the syndicate at market meetings. These soft skills are crucial for a Senior Claims Adjuster and should be clearly articulated in your application.
How to prepare for a job interview at Claims Recruitment Services
✨Showcase Your Expertise
Make sure to highlight your extensive experience in handling Financial Lines claims, particularly FI and PI. Be prepared to discuss specific cases where you successfully managed complex claims and the strategies you employed.
✨Understand the Market
Demonstrate a solid understanding of the London/Lloyd's market. Familiarise yourself with current trends and challenges in the industry, as well as any recent changes in regulations that may impact claims management.
✨Prepare for Negotiations
Since negotiations with brokers are a key part of the role, practice your negotiation skills. Think of examples where you effectively negotiated terms or resolved disputes, and be ready to share these during the interview.
✨Familiarise with Claims Management Systems
Get to know the claims management systems mentioned in the job description, such as Docusoft and ECF. If possible, try to gain some hands-on experience or at least understand how they function to discuss them intelligently in your interview.
