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For Companies At a Glance
- Tasks: Manage and resolve Financial Lines claims for diverse clients.
- Company: Join a leading Lloyd's syndicate known for its expertise in specialty claims.
- Benefits: Enjoy a negotiable salary and excellent benefits, including potential remote work options.
- Why this job: Be part of a dynamic team, contribute to industry knowledge, and make a real impact.
- Qualifications: Extensive experience in Financial Lines claims, particularly FI and PI, is essential.
- Other info: Opportunity to represent the syndicate at market meetings and lead discussions.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
We are recruiting for a Senior Claims Adjuster – Financial Lines, on behalf of a leading London Market Insurer.
Key Responsibilities
- Handling standard and complex claims on Financial Lines policies.
- Inputting and maintaining accurate claims records, including reserves and payments, for designated accounts.
- Processing standard and complex indemnity and expense payments.
- Preparing cases for settlement of claims through payment or denial.
- Producing management information reports, such as monthly major claims movements.
- Preparing referral documentation and materials as appropriate.
- Reporting loss information internally and externally.
Key Requirements
- Experience of handling traditional UK Professional Indemnity claims is key for the role. Knowledge of D&O and FI claims is advantageous.
- Solid experience in handling Corporate or Specialty line claims, with a focus on Financial Lines claims.
- Preferably a degree in Law or another appropriate discipline, along with a professional insurance qualification.
- Good understanding of the legal and regulatory framework.
- Understanding of relevant legal processes and procedures, litigation management, and avoidance techniques.
- Knowledge of reserving principles and practices; robust understanding of coinsurance and reinsurance and their application.
Keywords: Senior Claims Adjuster; Financial Lines; Professional Indemnity; London Market
We do not retain any personal information without your permission. Please refer to our data protection policy on our official website for more information
Senior Claims Adjuster - Financial Lines employer: Claims Recruitment Services
Contact Detail:
Claims Recruitment Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events, seminars, or webinars where you can meet people who work in Financial Lines claims. Building relationships can lead to valuable insights and potential referrals.
✨Tip Number 2
Stay updated on the latest trends and changes in Financial Lines claims. Follow relevant publications, blogs, and forums to understand current issues and best practices. This knowledge will help you stand out during interviews.
✨Tip Number 3
Prepare for potential interview scenarios by practising your negotiation skills. Since the role involves negotiations with brokers, consider role-playing with a friend or mentor to refine your approach and build confidence.
✨Tip Number 4
Familiarise yourself with the claims management systems mentioned in the job description, like Docusoft and ECF. If you have experience with similar systems, be ready to discuss how you can quickly adapt and contribute to the team.
We think you need these skills to ace Senior Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in handling Financial Lines claims, particularly FI and PI. Use specific examples that demonstrate your expertise in claims negotiation strategies and your understanding of policy coverage.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your familiarity with claims management systems like Docusoft and ECF, and how you can contribute to the team's knowledge base by sharing insights on claims trends.
Highlight Relevant Experience: When detailing your work history, focus on your experience within the London/Lloyd's market. Emphasise your ability to handle complex claims through various processes such as mediation and court proceedings.
Showcase Soft Skills: Don't forget to mention your negotiation skills and your ability to represent the syndicate at market meetings. These soft skills are crucial for a Senior Claims Adjuster and should be clearly articulated in your application.
How to prepare for a job interview at Claims Recruitment Services
✨Showcase Your Expertise
Make sure to highlight your extensive experience in handling Financial Lines claims, particularly FI and PI. Be prepared to discuss specific cases where you successfully managed complex claims and the strategies you employed.
✨Understand the Market
Demonstrate a solid understanding of the London/Lloyd's market. Familiarise yourself with current trends and challenges in the industry, as well as any recent changes in regulations that may impact claims management.
✨Prepare for Negotiations
Since negotiations with brokers are a key part of the role, practice your negotiation skills. Think of examples where you effectively negotiated terms or resolved disputes, and be ready to share these during the interview.
✨Familiarise with Claims Management Systems
Get to know the claims management systems mentioned in the job description, such as Docusoft and ECF. If possible, try to gain some hands-on experience or at least understand how they function to discuss them intelligently in your interview.
