At a Glance
- Tasks: Support the Claims Vendor Team with vendor management and administrative tasks.
- Company: Join a collaborative company that inspires progress and innovation.
- Benefits: Gain valuable experience in a dynamic environment with potential for growth.
- Other info: Perfect for detail-oriented individuals looking to kickstart their career in insurance.
- Why this job: Make an impact by helping manage vendors and ensuring compliance in claims operations.
- Qualifications: Good GCSEs in Maths and English; A-levels preferred but not essential.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.
Role Summary and Purpose
The Claims Vendor Team Administrator will support the Claims Vendor Manager, Claims Vendor Team and wider Claims Operations Team in the administrative tasks relating to the procurement and monitoring of appropriate vendors for our London Market and Regional claims teams. Vendors will include third party administrators, coverholders and medical assistance companies.
Key Tasks and Responsibilities
The post holder would have responsibility for the following aspects and may also take part in varied projects:
Due diligence of claims vendors
- Requesting and gathering evidence to support due diligence exercises.
- Working with other teams in the organisation to co-ordinate their review of due diligence materials.
- Evidencing due diligence and ongoing governance activity through data entry onto various databases.
Monitoring service provided by claims vendors
- Gathering and recording evidence to monitor vendor performance against agreed service levels.
- Obtaining and recording feedback on the performance of vendors from our claims teams.
- Assisting the Claims Vendor Team in ensuring compliance with all regulatory and internal control requirements relating to claims handling and the management of third party outsourcing arrangements.
- Ensuring that all data gathered has been correctly and appropriately recorded in the various systems or spreadsheets as appropriate.
- Supporting the Claims Operations Team by assisting with the administrative tasks generated as a result of the TPA audit program.
Monitoring risks and controls
- Checking that correct evidence is being gathered and stored.
- Liaising with various auditors to provide evidence.
Claims Strategy
- Involved in the general delivery of the team's business goals and objectives.
- Involvement with ad-hoc projects which relate to vendor management or associated activities.
- Assist with enhancing the Arch brand.
Management support
- Taking minutes at internal and external meetings, and coordinating the completion of actions
- Supporting the Claims Vendor Manager & Claims Operations Manager in any ad-hoc tasks when required
Role Requirements & Skills
Skills / Competencies
- Detail orientated
- Critical thinking skills
- Flexibility and adaptability to changing requirements and the possibility of longer hours being required at certain times
- Working as part of a focussed and wider teams across the function
- Proven ability to communicate effectively both verbally and in writing
- Must be results and service focussed
- Ability to multi-task and be highly organised
- Computer literate and numerate with intermediate Excel and Word skills
- Proven ability to prioritise and strong organisational skills
- Ability to work autonomously and use initiative
- Relationship management skills
- Customer focus
- Proactive approach to problem solving and decision making
- Team player
Qualifications
- Good passes in Maths and English at GCSE level
- A-levels desirable but not essential
Experience
- Previous experience supporting a team and within an office environment
- Data entry using various systems
- Experience within insurance, and specifically a Lloyd’s managing agency, is a definite benefit
- Good understanding of the claims handling process is advantageous
14101 Arch Europe Insurance Services Ltd
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Claims Vendor Team Administrator employer: Arch
Arch Europe Insurance Services Ltd is an excellent employer that values its employees by fostering a collaborative work culture and providing ample opportunities for professional growth. Located in a dynamic market, the company offers competitive benefits and encourages innovation, making it an ideal place for experienced underwriters to thrive and contribute to meaningful insurance solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Vendor Team Administrator
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arch). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arch. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Claims Vendor Team Administrator
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arch.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arch. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arch
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arch to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arch, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arch's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.