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For Companies At a Glance
- Tasks: Manage and adjust complex financial lines claims while collaborating with experts and stakeholders.
- Company: Leading Lloyd’s Syndicate known for its expertise in financial lines.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to work with senior management and enhance your career in a supportive environment.
- Why this job: Join a prestigious firm and make a significant impact in the insurance industry.
- Qualifications: 10+ years of experience in financial lines claims handling and strong technical skills.
The predicted salary is between 60000 - 80000 £ per year.
We are recruiting for a Senior Claims Adjuster - Financial Lines on behalf of a leading Lloyd’s Syndicate. The successful candidate will adjust a portfolio of Professional Lines claims including FI, D&O and E&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.
- 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 financial lines 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 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 - FinPro
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in financial lines or at Lloyd’s. 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 recommend practising common interview questions related to claims handling and being ready to discuss your past experiences in detail.
✨Tip Number 3
Showcase your negotiation skills! During interviews, be ready to share examples of how you’ve successfully negotiated claims settlements. This is key for a Senior Claims Adjuster role, so make sure you highlight your achievements.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Claims Adjuster - FinPro
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 financial lines claims handling and any specific achievements that relate to the key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use it to showcase your knowledge of the London Market and your ability to negotiate and settle claims effectively. Don't forget to mention your experience with senior management!
Showcase Your Technical Skills: We want to see your excellent technical skills in action! Make sure to include your proficiency with policy wordings, file management, and any relevant software like Genius or TRAX. This will help us understand how you can hit the ground running.
Apply Through Our Website: To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to keep track of your application and ensure it reaches the right people!
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 Professional Lines claims, especially Financial Institutions (FI), Directors and Officers (D&O), and Errors and Omissions (E&O). Be ready to discuss specific cases you've handled and how you approached them, as this will show your depth of experience.
✨Master the Technical Skills
Since the role requires excellent technical skills, ensure you're familiar with policy wordings and can articulate your understanding of coverage, reserving, and file management. Prepare examples that demonstrate your proficiency in these areas, as they will likely come up during the interview.
✨Showcase Your Negotiation Skills
Negotiating and settling claims is a key part of the job, so be prepared to discuss your negotiation strategies. Think of a time when you successfully negotiated a claim settlement and be ready to share the details of your approach and the outcome.
✨Engage with Senior Management Scenarios
Since you'll need to present well to senior management, practice articulating your thoughts clearly and confidently. Consider preparing a mock presentation on a complex claim you've managed, focusing on how you communicated with stakeholders and what the results were.