At a Glance
- Tasks: Manage and resolve complex claims in Financial Lines and Cyber, ensuring excellent customer service.
- Company: Join AXA XL, a leader in innovative claims management with a focus on collaboration.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for mentorship and career growth in a dynamic, regulated environment.
- Why this job: Make a real impact by enhancing client relationships and driving continuous improvement.
- Qualifications: Experience in Financial Lines claims, strong communication skills, and ability to work under pressure.
The predicted salary is between 60000 - 80000 £ per year.
Senior Claims Adjuster - Financial Lines & Cyber
London, UK
At AXA XL our Claims team sets us apart. Our experienced Claims professionals use their specialised expertise to handle even the most complex claims seamlessly. How do you make a good thing better? You focus on excellence and creating a culture of continuous improvement. You create an environment that fosters collaboration, customer service and colleague development. And you build a team of passionate and innovative claims experts who see success as a reason to roll up their sleeves and dive for improvement.
As a Senior Claims Adjuster, you will play a critical role in the Claims team by managing and resolving claims for our customers. You will work closely with your manager coordinating with fellow claims adjusters to bring claims to resolution. You will interact and collaborate with the practice leader and the underwriting team and with brokers, clients and experts on assigned accounts taking ownership of critical issues relating to claims management.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be doing
- Managing a portfolio of claims up to a pre-determined authority level. Pro‑active engagement with all stakeholders with the aim to resolve claims promptly, fairly and with due expertise.
- Strict adherence to the Global Claims Handling Practices.
- Always demonstrate AXA XL behaviours and values.
- Ensuring all claims are reserved wherever possible, within the Reserving guidelines.
- Developing and maintaining excellent relationships with Underwriters, Actuaries and other departments as required.
- Ensuring that communications, new claims and notifications are dealt with in a timely manner and that any trends are identified and reported to relevant stakeholders including supporting Underwriting and Actuarial teams in connection with claim trends, marketing and business development.
- Provide superior customer service to policyholders and brokers. Active involvement in the maintenance and development of client relationships through contacts with clients and brokers in respect of day to day claims handling. Understanding and acting appropriately in respect of clients’ needs.
- Instructing and controlling surveyors, loss adjusters, solicitors and experts in connection with day to day claims handling ensuring cost and performance appropriate to the loss.
- Assist Claims Manager with implementing strategy within Claims Team.
- Assist Claims Manager, where needed, in deputising at Management/Internal meetings.
- Act as a referral point for less experienced colleagues, providing mentoring/guidance as appropriate.
You will report to the Claims Manager – PI & Financial Lines, UK & Lloyds
What you’ll bring
- Knowledge of Financial Lines business claims (in particular Cyber and M&A)
- Provide support to Underwriters and be at ease discussing claims issues direct with our clients/brokers.
- Takes ownership and accountability for the management of assigned claims and successfully oversees the strategy to resolution.
- Delivering prompt, fair, innovative and accurate claims service enhancing broker and client relationships
- Familiarity with both Lloyd’s and Company Market systems/protocols and use of the ECF market system for claims handling.
- Understanding of legal liability (including common law and statute) and the legal processes (including litigation, ADR etc).
- Ability to operate to tight deadlines in a pressured environment.
- Works to establish relationships and collaborate effectively across the business, and leverages those relationships in the achievement of goals and objectives.
- Excellent presentation and communication skills.
Senior Claims Adjuster - Financial Lines & Cyber employer: AXA XL
As a leading global insurance provider, we pride ourselves on fostering a dynamic work culture that prioritises innovation and collaboration. Our employees benefit from comprehensive health plans, robust retirement options, and ample opportunities for professional development, all within a supportive environment that encourages strategic thinking and leadership. Join us in our commitment to excellence in the aerospace sector, where your contributions will be valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines & Cyber
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We think you need these skills to ace Senior Claims Adjuster - Financial Lines & Cyber
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 AXA XL.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA XL. 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 AXA XL
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA XL 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 AXA XL, 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 AXA XL'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.