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For Companies At a Glance
- Tasks: Handle and assess Financial Lines claims with integrity and accuracy.
- Company: Join a reputable Lloyd's Insurer at the heart of the insurance market.
- Benefits: Gain mentorship from experienced professionals and develop your skills in a supportive environment.
- Why this job: Be part of a dynamic team, making a real impact in the insurance industry.
- Qualifications: Relevant claims handling experience and a willingness to learn about insurance.
- Other info: Full-time position with opportunities for growth and networking.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Principal Consultant – London Claims at Arthur Recruitment. A reputable Lloyd\’s Insurer and Syndicate is seeking a Financial Lines Claims Handler to join their highly regarded claims department based in the heart of the Lloyd’s Insurance market. As a Financial Lines Claims Handler you will be responsible for handling claims that occur out of their Financial Lines classes. You will be expected to ensure the proper servicing and settlement of claims within your designated authority. Working in collaboration with Senior Handlers and Claims Managers whilst at all times maintaining the highest standard of technical file handling and customer service.
Your Role:
Responsibilities
- Manage, assess and adjust assigned claims, ensuring that coverage is accurately accessed, and file reserving is correctly set / maintained
- Proactively manage claim files ensuring all documentation is correctly filed and claims are regularly updated, diaries and managed proactively
- Ensure that claims are handled promptly, fairly and with integrity in accordance with the companies claims management guidelines
- Work closely with claims management and other team members as required on individual claims
- Maintain portfolio of Financial Lines TPA/DCA loss bordereau and payments
- Receive mentoring and coaching from experienced senior claims handlers / claims managers
- Maintain the highest standards of communication with claims management and underwriting to ensure that information on significant claims and claims trends is shared expeditiously
- Ensure large loss information is shared promptly and large loss reports are issued appropriately
- Liaise with other departments as appropriate including but not limited to Underwriting, Finance, Actuaries and Reinsurance
- Attend market claim meetings as required
- Liaise with brokers, stake holders and policy holders as required
- Assist with reinsurance issues as required
Your Skills, Experience and Qualifications:
Qualifications
- Relevant Financial Lines claims handling experience
- Working Knowledge of ECF2
- Willingness to continue to develop knowledge of Insurance and related issues through formal and informal learning / exams
- Ability to prioritise and organise workload and meeting deadlines
- Ability to develop and sustain relationships with internal and external customers
- Working knowledge of general insurance and its underlying principles
- Knowledge of FCA / PRA and Lloyd\\\’s rules and guidelines
For more information, please contact me on chris.hughes@arthur.co.uk or 0203 587 7471
Job details
- Seniority level: Associate
- Employment type: Full-time
- Job function: Finance
- Industries: Insurance
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Financial Lines Claims Handler employer: Arthur Recruitment
Contact Detail:
Arthur Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Lines Claims Handler
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in financial lines. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in financial lines insurance. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Consider reaching out directly to the hiring manager or recruiter via LinkedIn. A polite message expressing your interest in the Financial Lines Claims Handler position can set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by practising your responses to common claims handling scenarios. Being able to articulate your thought process and decision-making skills will showcase your expertise.
We think you need these skills to ace Financial Lines Claims Handler
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Financial Lines claims handling. Use specific examples that demonstrate your ability to manage, assess, and adjust claims effectively.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your knowledge of ECF2 and how you can contribute to maintaining high standards of customer service and technical file handling.
Highlight Relevant Skills: In your application, emphasise skills such as your ability to prioritise workload, develop relationships with stakeholders, and your knowledge of FCA/PRA and Lloyd's rules. These are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or typos. A polished application reflects your attention to detail, which is essential in the insurance industry.
How to prepare for a job interview at Arthur Recruitment
✨Know Your Claims
Familiarise yourself with the specific types of Financial Lines claims you will be handling. Be prepared to discuss your previous experience in this area and how it relates to the role.
✨Demonstrate Technical Knowledge
Showcase your understanding of ECF2 and the relevant FCA/PRA guidelines. Being able to articulate these concepts will demonstrate your technical competence and readiness for the role.
✨Highlight Communication Skills
Emphasise your ability to maintain high standards of communication with various stakeholders. Prepare examples of how you've effectively liaised with brokers, policyholders, and internal teams in past roles.
✨Show Willingness to Learn
Express your eagerness to continue developing your knowledge of insurance and claims handling. Mention any relevant courses or certifications you are pursuing or plan to pursue.
