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- Tasks: Manage Reinsurance and Cargo STP claims from start to finish.
- Company: BMS Group is a global, independent broker with a focus on tailored insurance solutions.
- Benefits: Enjoy a collaborative work environment and opportunities for professional growth.
- Why this job: Join a respected team known for innovative solutions and strong market knowledge.
- Qualifications: Experience in handling Reinsurance claims is essential; strong communication skills are a must.
- Other info: This is a 12-month fixed-term contract based in London.
The predicted salary is between 43200 - 72000 £ per year.
Position Title: Senior Claims Broker, Reinsurance & Cargo STP – 12 Month FTC
Reports to: Director, Claims
Location: London
About BMS Group:
BMS is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong, local focus and understanding of market needs. Our teams are respected globally for their specialist market knowledge, intelligent analysis and insight. Our people strive to be ‘the best in class’ and with an innovative approach and their entrepreneurial thinking, our clients truly benefit from better solutions to policy development and placement. Being independent makes a key difference to our clients, giving our brokers the freedom to deliver the best solutions, tailored to meet their business needs. Coupled with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
Summary of Position:
To deal with all aspects of Reinsurance and Cargo STP claims, processing from first advice through to settlement as directed by your Head of Department. The role requires a proven Claims professional with prior experience of handling Reinsurance claims, ideally with some exposure to Cargo STP.
Key Responsibilities & Accountabilities:
- Ability to manage own accounts & liaise with Brokers, account handlers & Clients on a regular basis
- Create and maintain claims files
- Input document details on to the in-house system
- Assess and process claims and premiums
- Produce and send advice and collection documentation
- Broke advices and collections to London Market where appropriate
- Obtain agreement to advices and collections via CLASS/ECF/LORS system
- Liaise with the Insurance Accounts Department to ensure prompt payments of claims
- Produce accurate statistics where required
- Deal with market, client and internal queries
- Conduct business meetings with clients and reinsurers
- Adhere to company and regulatory policies, procedures together with mandatory training requirements
- Maintain and enhance knowledge of the insurance marketplace, trends and cycles in order to capitalise on market opportunities
- Develop and manage relationships with market representatives i.e. Underwriters, Surveyors, Adjusters and Lawyers.
- Monitor existing book of business with a view to identifying any threats or weaknesses early to be able to address and protect/retain the existing book
Functional & Behavioural Competencies required:
- Demonstrate excellent technical knowledge and ability to communicate this to various audiences
- Excellent persuasive and influencing skills
- Client facing and customer focused with excellent interpersonal and written communication skills
- Excellent IT & organisational skills
- Ability to perform effectively to tight deadlines with good personal organisation and time management skills
- Anticipates problems in advance and makes contingencies
- Proactive, always looking for ways of delivering a better or more efficient service
- Communicates clearly; effectively contributes to the team and interacts with others
- Excellent attention to detail and ability to plan meticulously
- Personally demonstrate the five BMS values and ensure that team members are aligned with these:
- Accountable
- Entrepreneurial
- Collaborative
- Empowering
- Disciplined
Senior Claims Broker, Reinsurance - 12 Month FTC employer: BMS Group
Contact Detail:
BMS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Broker, Reinsurance - 12 Month FTC
✨Tip Number 1
Network with professionals in the reinsurance and claims industry. Attend relevant events, webinars, or workshops to meet potential colleagues and learn more about the market. Building relationships can often lead to job opportunities.
✨Tip Number 2
Stay updated on the latest trends and developments in the reinsurance sector. Follow industry news, subscribe to relevant publications, and engage in discussions on platforms like LinkedIn. This knowledge will help you stand out during interviews.
✨Tip Number 3
Prepare for interviews by practising common questions related to claims management and reinsurance. Be ready to discuss your previous experiences and how they relate to the responsibilities of the Senior Claims Broker role.
✨Tip Number 4
Demonstrate your understanding of BMS Group's values during your interactions. Show how your personal work ethic aligns with being accountable, entrepreneurial, collaborative, empowering, and disciplined, as these traits are crucial for success in their team.
We think you need these skills to ace Senior Claims Broker, Reinsurance - 12 Month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in handling Reinsurance claims and Cargo STP. Use specific examples that demonstrate your technical knowledge and ability to manage accounts effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention how your skills align with BMS Group's values, such as being accountable and entrepreneurial, and provide examples of how you've demonstrated these traits in your previous roles.
Highlight Key Competencies: In your application, emphasise your excellent interpersonal and written communication skills, as well as your ability to work under tight deadlines. Provide concrete examples of how you've successfully managed client relationships and resolved queries in the past.
Showcase Industry Knowledge: Demonstrate your knowledge of the insurance marketplace, trends, and cycles in your application. This could be through mentioning any relevant certifications, training, or experiences that have kept you updated on industry developments.
How to prepare for a job interview at BMS Group
✨Showcase Your Technical Knowledge
As a Senior Claims Broker, it's crucial to demonstrate your technical expertise in reinsurance and cargo claims. Be prepared to discuss specific cases you've handled, the challenges you faced, and how you resolved them. This will show your depth of knowledge and ability to communicate complex information effectively.
✨Emphasise Your Client-Facing Skills
Since this role involves regular interaction with brokers, clients, and market representatives, highlight your interpersonal skills. Share examples of how you've built and maintained relationships in previous roles, and how you approach client meetings to ensure satisfaction and trust.
✨Demonstrate Proactivity and Problem-Solving
The job requires anticipating problems and making contingencies. Prepare to discuss instances where you've identified potential issues before they escalated and the proactive steps you took to mitigate them. This will illustrate your ability to think ahead and deliver efficient solutions.
✨Align with Company Values
BMS Group values accountability, entrepreneurial spirit, collaboration, empowerment, and discipline. Familiarise yourself with these values and be ready to provide examples of how you've embodied them in your work. This alignment will show that you're not just a fit for the role, but also for the company culture.
