At a Glance
- Tasks: Manage and adjust complex FinPro claims, ensuring timely payments and expert negotiations.
- Company: Join a leading Lloyd's Syndicate with a strong reputation in the insurance market.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Dynamic role with opportunities to work closely with senior management and industry experts.
- Why this job: Make a significant impact in the insurance industry while working with top professionals.
- Qualifications: 10+ years of experience in PI/FI/D&O claims handling and excellent technical skills.
The predicted salary is between 60000 - 80000 £ per year.
We are recruiting for a Senior Claims Adjuster - FinPro on behalf of a leading Lloyd's Syndicate. The successful candidate will adjust a portfolio of FinPro claims including PI, FI and D&O.
Key Responsibilities
- Setting up, investigating and authorising claim payments within specified authority.
- Reviewing incoming claim correspondence on existing claims.
- Preparing claims correspondence on questions of coverage and claims value.
- Instructing and managing experts.
- Negotiating and settling claims within specified authority and recommending reserves beyond authority.
- Reviewing and maintaining caseload.
- Drafting/amending declinatures and referring into the head of PL and/or European Head of Claims for approval.
- Team management responsibilities.
- Managing and handling claims that fall outside any delegated authority.
- Carrying out aged file/static claims reviews as required.
- Proactively managing vendors, such as defence counsel and coverage counsel.
- Working with underwriters to provide updates, evaluate exposures, and assist with development of policy wordings and other contractual documents.
Key Requirements
- 10+ years of PI/FI/D&O complex claims handling experience on both Company and Lloyd's platforms.
- Excellent policy wordings knowledge.
- Knowledge of the London Market is essential.
- Proven ability to work with senior management, claims/legal professionals, other insurers, brokers, affiliated companies and clients.
- Excellent technical skills; coverage/defence/reserving/file management/KPI's.
- Ability to present well to senior management (Large Loss meetings etc).
- Some understanding of portfolio management and be able to interpret report on Claims MI and use EDW.
- Good knowledge of the MS Office, Genius, TRAX, Open Box, ECF2.
Senior Claims Adjuster - FinPro in London employer: Claims Recruitment Services
Claims Recruitment Services is an excellent employer, offering a vibrant work culture in Reigate that fosters collaboration and innovation. Employees benefit from continuous growth opportunities, competitive compensation, and the chance to work on cutting-edge data products within a supportive team environment, making it a rewarding place for those passionate about data and AI.
Contact Details:
Claims Recruitment Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster - FinPro in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who know the Lloyd's market. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and knowledge of policy wordings. We want you to be able to discuss complex claims handling confidently, so practice articulating your experience with PI, FI, and D&O claims.
✨Tip Number 3
Showcase your negotiation skills! Be ready to share examples of how you've successfully settled claims within authority limits. This will demonstrate your ability to manage high-stakes situations 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 Senior Claims Adjuster - FinPro in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your 10+ years of experience in PI, FI, and D&O claims handling, and don’t forget to showcase your knowledge of policy wordings and the London Market.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that demonstrate your ability to manage complex claims and work with senior management.
Showcase Your Technical Skills:We want to see your technical skills in action! Be sure to mention your proficiency with tools like MS Office, Genius, and TRAX. If you have experience with claims MI and EDW, make that known too!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Claims Recruitment Services
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of PI, FI, and D&O claims. Be ready to discuss specific cases you've handled and how you approached them. This will show your expertise and confidence in the field.
✨Familiarise Yourself with the London Market
Since knowledge of the London Market is essential, do some research on current trends and challenges. Being able to speak intelligently about the market will impress your interviewers and demonstrate your commitment to the role.
✨Prepare for Technical Questions
Expect questions that test your technical skills, especially around coverage, reserving, and file management. Review relevant policy wordings and be prepared to explain your thought process when managing complex claims.
✨Showcase Your Team Management Skills
As this role involves team management responsibilities, think of examples where you've successfully led a team or managed stakeholders. Highlight your ability to communicate effectively and negotiate outcomes, as these are key to success in this position.
