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For Companies At a Glance
- Tasks: Manage the end-to-end delegated authority process and ensure accurate claims data.
- Company: Join a prestigious Lloyd's Syndicate known for its excellence in the insurance market.
- Benefits: Enjoy a negotiable salary, excellent benefits, and potential remote work options.
- Why this job: Be part of a dynamic team that values communication and offers growth opportunities in a reputable environment.
- Qualifications: Experience in Lloyd's Delegated Claims and strong communication skills are essential.
- Other info: This role is perfect for those looking to make an impact in the insurance industry.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Claims Operations Delegated Authority Analyst
London
Negotiable Salary + Excellent Benefits
We are currently recruiting for a Claims Operations Delegated Authority Analyst on behalf of an extremely well-regarded Lloyd's Syndicate.
Role Summary
The successful candidate will be responsible for the delivery of the end-to-end delegated authority process for DCAs, including, but not limited to, the onboarding of new DCA entities, carrying out new and renewing Due Diligence processes, and managing the administration of all DCA contracts.
Key Responsibilities
- Assisting with the negotiation of services, contracts, and service level agreements for new DCAs.
- Gathering KPI data and generating MI reports for claims monitoring purposes.
- Managing of the DCA audit plan, arranging audits as required.
- Ensuring completeness and accuracy of claims bordereaux data.
- Monitoring Loss Fund levels for appropriateness, undertaking reconciliations in order to identify funds that can be returned.
- Completing Audit plan and satisfactory resolution of audit recommendations.
- Maintaining accurate records and up to date trackers.
- Completing effective bordereaux administration, including chasing overdue bordereaux and query resolution.
- Completing Accurate MI reports.
Key Requirements
- Experience of working within a Lloyd's Delegated Claims function.
- Excellent communication skills, both verbal and written.
- A strong understanding of the Lloyd's market and wider environment.
Keywords: Claims Operations Delegated Authority Analyst; Lloyd's Syndicate; London Market; Lloyd's Market
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
Claims Operations Delegated Authority Analyst employer: Claims Recruitment Services
Contact Detail:
Claims Recruitment Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Operations Delegated Authority Analyst
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its specific processes. Understanding the nuances of delegated authority and claims operations will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the Lloyd's Syndicate space. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you for the role.
✨Tip Number 3
Prepare to discuss your experience with KPI data and MI reporting. Be ready to share specific examples of how you've used these tools to improve claims processes in previous roles.
✨Tip Number 4
Showcase your communication skills by preparing thoughtful questions about the company's approach to delegated authority. This demonstrates your interest and understanding of the role, making you a more attractive candidate.
We think you need these skills to ace Claims Operations Delegated Authority Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Claims Operations Delegated Authority Analyst. Familiarise yourself with the end-to-end delegated authority process and key requirements mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in Lloyd's Delegated Claims functions. Emphasise your communication skills and understanding of the Lloyd's market, ensuring that your CV aligns with the specific requirements of the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the position. Discuss your experience with DCA processes, your ability to manage audits, and how you can contribute to the team. Make it personal and engaging to stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Claims Recruitment Services
✨Know Your Lloyd's Market
Make sure you have a solid understanding of the Lloyd's market and its operations. Brush up on recent trends, key players, and any regulatory changes that might affect the role. This knowledge will show your genuine interest and preparedness.
✨Demonstrate Your Analytical Skills
As a Claims Operations Delegated Authority Analyst, you'll need to showcase your analytical abilities. Be ready to discuss your experience with KPI data, MI reports, and how you've used these tools to improve processes in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially related to DCA audits and contract negotiations. Prepare examples from your past experiences where you successfully navigated challenges or improved outcomes.
✨Highlight Your Communication Skills
Since excellent communication is key for this role, be prepared to demonstrate your verbal and written skills. You might be asked to explain complex concepts clearly or to provide examples of how you've effectively communicated with stakeholders.
