At a Glance
- Tasks: Support the Claims team by processing claims data accurately and efficiently.
- Company: Join a fast-growing global reinsurance company with a collaborative culture.
- Benefits: Enjoy competitive salary, health perks, generous leave, and professional development opportunities.
- Other info: Be part of a diverse team focused on innovation and growth.
- Why this job: Make a real impact in a dynamic environment while developing your skills.
- Qualifications: 1-3 years in claims administration with strong attention to detail.
The predicted salary is between 30000 - 42000 £ per year.
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd’s, Europe and North America. We are currently seeking a UK-based Claims Administrator to provide vital administrative support to the wider Claims team at Compre. This role is focused on ensuring that claims data is reviewed and processed accurately and in a timely manner, while maintaining well-documented and up-to-date claims files that reflect accurate financial and handling activity.
Responsibilities
- Complete triage and processing of claims files in an accurate and timely manner, including financial adjustments.
- Provide overall administration support to the wider Claims team within Compre.
- Assist in the ongoing review of Static Claims.
- Liaise with relevant stakeholders throughout the claims’ life cycle, including Policyholders, Brokers, Client Insurers and the wider Claims Team.
- Process billings from external service providers and generate corresponding financial movements.
- Monitor general mailboxes to ensure all correspondence is current and up to date.
- Collaborate with internal departments to support operational efficiency and meet organizational goals.
- Ensure the integrity and accuracy of claims data through ongoing review.
- Adhere to claims standards, including compliance to service level agreements.
- Manage data reconciliation to support identified commutation targets.
- Undertake the monthly ELTO tracing activity.
- Participate in additional responsibilities and project work as needed.
Qualifications/Experience
- 1-3 years of experience in claims administration.
- High attention to detail and commitment to maintaining data accuracy and integrity.
- Proficiency in MS Office and claims management systems.
Required Skills
- 1-3 years in claims administration, preferably with exposure to Direct and/or Reinsurance claims.
- Excellent prioritization and time management abilities.
- Effective communication skills to engage with internal teams and external stakeholders.
- Strong analytical skills to identify trends, solve problems, and implement improvements.
- Solid understanding of claims administration processes.
Organizational
- Embodiment and demonstration of Compre’s Values and ability to demonstrate these in day-to-day operations.
- Ability to develop and maintain strong working relationships with both internal and external stakeholders.
Interested? Click through to find the full role profile from our careers page and make an application. Shortlisted candidates will be invited to an interview. If your application is successful, we will conduct relevant employment checks prior to you beginning employment with us. These will include verifying your recent employment, right to work in the relevant location and a standard criminal record check. Please note: We may close a vacancy early if the required quality or number of applications has been received. No agencies please.
At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd’s, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre.
Fulfil your potential in a collaborative environment with some of the best talent in the industry, while enjoying:
- competitive salary & annual bonus
- a health & wellbeing subsidy (£20 per month) (from Day 1)
- a generous pension (eligible after probationary period)
- private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1)
- life assurance (from Day 1)
- income protection (from Day 1)
- 25 days annual leave (from Day 1)
- cycle to work scheme (from Day 1)
- season ticket loan (interest free) (eligible after probationary period)
- electric vehicle scheme (eligible after probationary period)
- EAP (Employee Assistance Programme) (from Day 1)
- learning/study support and reimbursement for professional memberships
- employee socials and recognition programme
Claims Administrator employer: Compre Group
Compre is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and collaboration. With a strong focus on innovation and continuous improvement, employees benefit from competitive salaries, comprehensive health and wellbeing support, and numerous learning opportunities, all while working in a hybrid environment in the vibrant city of London. Join a team of industry experts dedicated to making a meaningful impact in the reinsurance sector, where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Administrator
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Compre Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Compre Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Claims Administrator
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 Compre Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Compre Group. 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 Compre Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Compre Group 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 Compre Group, 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 Compre Group'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.