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For Companies At a Glance
- Tasks: Handle claims from start to finish, ensuring quick turnaround and effective communication.
- Company: Join a top 10 contributor to Lloyd's with a global presence and inclusive culture.
- Benefits: Support for professional growth, competitive salary, and a collaborative work environment.
- Why this job: Make an impact in a relationship-driven industry while developing your skills.
- Qualifications: Experience in claims broking and strong communication skills are essential.
- Other info: Dynamic team atmosphere with opportunities for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
As a Claims Broker in our Special Risks team, your main responsibility will be handling claims matters from First Notice of Loss to Settlement, supporting your Line Manager, the brokers and working directly with Underwriters and Coverholders to support and fulfil their Claims needs.
Responsibilities
- Claims Handling: Individual Claims and post received are reviewed and entered onto Global XB and CLASS as soon as possible after receipt but no later than the SLA's set out to ensure quick turnaround time of claims for both the client and Underwriters.
- Ensuring Underwriters' responses are conveyed to the correct party in a timely manner along with responding to any queries raised.
- Maintaining a claims diary and is responsible for keeping this up to date.
- Providing Loss runs when requested.
- Monitoring the processing of our Claims bdx by Cheltenham based team to ensure our deadlines are met.
- Monitoring our Loss funds ensuring our DCA's have sufficient funds on existing and new contracts whilst returning Loss funds to Underwriters when available.
- Develop and maintain effective relations with our Cheltenham based team and providing them with guidance as required.
- Building working relationships with our Underwriters, DCAs, Attorneys, Experts.
- Working with our Account Handlers and Brokers on their claim's requirements.
- Claims Data and analytics. Maintaining accurate and detailed records.
- Undertake any other responsibilities that may become necessary to fulfil this role.
Claims Broking Experience
- Working knowledge of the Lloyd's and company markets
- Aware of current Lloyd's initiatives
- Working knowledge of the role of a DCA
- Experience in Binding Authorities
- Working knowledge of ECF
- Knowledge of the Xchanging process for Signing Claims
- Microsoft Office Skills
- Advanced Excel skills
- Good spoken and written communication skills
- Accuracy and attention to detail
- Confident and efficient in dealing with large datasets
- Team working ability
- Ability to manage workload and meet deadlines
- Knowledge of USA property insurance
- Understanding of regulatory requirements in the territories concerned
- Working towards a Certificate in Insurance or higher
Key Competencies
- Accurate Data and Management of Information
- Communicating and influencing skills
- Customer Focus
- Decision Making
- Information Seeking
- Negotiation and Persuasion
- Planning and organising
- Relationship Building
- Team Working
Benefits
At Amwins Global Risks, we succeed together. We're forging relationships that are built to last. With over 600 employees around the world and a global footprint across more than 150 countries, we've cemented our place as a top 10 contributor to Lloyd's. Insurance is a relationship-based business, and achieving success means hiring the best talent in the industry. When you join us, we will encourage and support your professional and personal development as we invest in you and your learning to help you succeed and grow. We believe in a flat organisational structure that prizes expertise and relationships equally. Unlike most of our competitors, we don't have an executive team sitting on top of the business. We've built a workplace where talent, collaboration and inclusivity are valued, and our commitment to diversity, equity and inclusion helps cultivate an open, welcoming workplace where everyone who works with us can be themselves.
Claims Broker in City of Westminster employer: Amwins Global Risks
Contact Detail:
Amwins Global Risks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Claims Broker in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with claims. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's and the claims process. We recommend practising common interview questions related to claims handling and data management to show you're ready to hit the ground running.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work with claims data and analytics to interviews. This will help you demonstrate your attention to detail and ability to manage large datasets effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Claims Broker in City of Westminster
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Claims Broker role. Highlight your relevant experience in claims handling and any specific knowledge of Lloyd's and company markets. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit. Don’t forget to mention your understanding of regulatory requirements and your teamwork abilities.
Showcase Your Skills: We love seeing candidates who can demonstrate their skills in data management and communication. Be sure to include examples of how you've successfully managed large datasets or communicated effectively with clients and underwriters in your application.
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s straightforward, and we’ll be able to track your application easily. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Amwins Global Risks
✨Know Your Claims Inside Out
Before the interview, make sure you understand the claims process thoroughly. Familiarise yourself with terms like First Notice of Loss, SLA, and Loss runs. Being able to discuss these confidently will show that you're ready to hit the ground running.
✨Showcase Your Data Skills
Since the role requires advanced Excel skills and handling large datasets, prepare to discuss your experience with data management. Bring examples of how you've used data analytics in previous roles to improve claims handling or decision-making.
✨Build Rapport with the Interviewers
Remember, insurance is all about relationships! Use the interview as an opportunity to build rapport with your interviewers. Ask them about their experiences and share your own stories that highlight your relationship-building skills.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of specific situations where you had to manage a claim under pressure or resolve a conflict with an underwriter. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
