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, hybrid work, and generous annual leave.
- Other info: Be part of a diverse team focused on innovation and professional 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 36000 - 60000 £ 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.
Candidate requirements
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.
- Ability to develop and maintain strong working relationships with both internal and external stakeholders.
Benefits
Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience.
As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team.
Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation.
Why join us?
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.
Make an impact 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
- hybrid working
- employee socials and recognition programme
About Compre Group
Compre is an insurance & reinsurance legacy specialist focused on the acquisition and management of discontinued non-life portfolios, with operations in Bermuda, Finland, Germany, Malta, Switzerland and the UK. We have significant experience in all classes of direct and reinsurance business, including property, liability, marine and motor. Compre is privately owned with shareholders actively involved in management of the business.
Claims Administrator UK in London employer: Compre Group
Compre is an exceptional employer that fosters a collaborative and inclusive work culture, offering a supportive environment for professional growth and development. With a focus on innovation and teamwork, employees benefit from competitive salaries, comprehensive health and wellbeing packages, and opportunities for learning and advancement. Located in London, the hybrid working model allows for flexibility while being part of a dynamic global team dedicated to delivering excellence in the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Administrator UK in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with current employees at Compre. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching Compre’s values and recent projects. Show us you’re not just another candidate; demonstrate how your skills align with our mission and how you can contribute to our team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. We want to see your personality shine through, so don’t be afraid to let us know what makes you tick!
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining our team at Compre.
We think you need these skills to ace Claims Administrator UK in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Administrator role. Highlight your experience in claims administration and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our values at Compre. Keep it concise but engaging – we love a good story!
Show Off Your Attention to Detail:Since this role requires high attention to detail, make sure your application is free from typos and errors. Double-check everything before hitting send. We appreciate candidates who take pride in their work!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Compre Group
✨Know Your Claims Inside Out
Before the interview, brush up on your knowledge of claims administration processes, especially in the context of reinsurance. Familiarise yourself with common terminology and procedures, as this will show your understanding of the role and impress the interviewers.
✨Showcase Your Attention to Detail
Since the role requires high attention to detail, prepare examples from your past experience where you successfully maintained data accuracy and integrity. Be ready to discuss how you handle discrepancies and ensure compliance with service level agreements.
✨Communicate Effectively
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely. Think about how you would explain complex claims processes to stakeholders who may not have a technical background, as this will demonstrate your ability to engage with various audiences.
✨Demonstrate Your Analytical Skills
Prepare to discuss specific instances where you've identified trends or solved problems in claims administration. Highlight any improvements you implemented and how they benefited your previous team or organisation, showcasing your proactive approach to operational efficiency.
