At a Glance
- Tasks: Manage and adjust financial claims while providing top-notch client service.
- Company: Join Convex, a forward-thinking insurer focused on innovation and efficiency.
- Benefits: Enjoy competitive salary, generous leave, health insurance, and learning opportunities.
- Other info: Be part of a collaborative team that values service excellence and innovation.
- Why this job: Make a real impact in a dynamic environment with excellent career growth.
- Qualifications: Experience in financial lines claims and strong communication skills required.
The predicted salary is between 60000 - 70000 £ per year.
Focusing on providing excellent client service, the Convex Claims team directly impacts our mission to becoming the market’s favourite insurer. As such we are building increasingly efficient processes, making use of relevant technology. This is a leading-edge, forward-thinking claims adjusting role and will assume responsibility for claims handling activities and claims management relating to Financial Lines claims (D&O, FI, PI and W&I) arising from business written by Convex Group. This role is outcome-driven, and one which combines technical adjusting, account management, commercial and relationship management skills – underpinned by your experience in fast paced, technology enriched environments. You will report directly to the Senior Financial Lines Claims Adjuster responsible for Professional Indemnity Claims and be a key part of the Convex Claims team.
Some of the key tasks may include:
- Claims management from first notification of loss to final settlement including coverage analysis; investigation; evaluation; reserving and resolution in accordance with established guidelines, service standards and regulations.
- Actively manage claims to achieve the best indemnity outcomes.
- Operate in alignment to Convex claims key performance indicators, governance frameworks, Convex claims procedures and processes.
- Review claims movements and act as an advisor to the business about potential exposures.
- Manage TPA and Coverholder relationships, in conjunction with the Claims Operations team.
- Take responsibility for data gathering and sharing industry or event knowledge with relevant colleagues.
- Contribute to the attraction and retention of business through service excellence.
- Ensure great loss outcomes and reserve accuracy through direct intervention on large loss events where required, and identification of loss trends which may impact ranking, reserves or risk selection.
- Build and sustain relationships with insurance underwriters, brokers and clients and work collaboratively together in addition to liaison with actuaries and data teams internally on loss related matters.
- Contribute to the preparation of local claims reports and claims updates to the Board as required.
- Be prepared to participate in wider claims strategic initiatives or committees within the organisation.
- Understand that our purpose enables us to deliver the best claims service experience to clients and meet all regulatory requirements.
- Be an advocate for client service as a brand differentiator and demonstrate behaviour that aligns to the Convex core values.
Skills Knowledge and Expertise
- Robust Financial Lines Claims experience within a fast-paced environment and focus on service excellence.
- Articulate and well-rounded communicator at all levels of seniority.
- Excellent negotiation and diplomacy skills.
- A high degree of problem-solving capability.
- Detail orientated with analytical mindset.
- Work at speed given complex and difficult technical situations, with well-developed prioritisation skills.
- Flexible and adaptable to change, able to contribute in an entrepreneurial environment.
- Prior experience of undertaking client claims reviews and audit activities.
- Worked in an environment where innovation is balanced with pragmatism and speed of execution.
- Strong learning and curious mindset with an appetite to deliver continuous improvement.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Claims Adjuster, Financial Lines employer: Convex Insurance Ltd.
Convex Group is an exceptional employer, offering a dynamic and innovative work environment in the heart of London. With a strong focus on employee growth, we provide extensive benefits including competitive salaries, generous annual leave, and a commitment to continuous learning and wellbeing. Our collaborative culture fosters strong relationships and encourages a client-centric approach, making it a rewarding place for Claims Adjusters to thrive and make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Adjuster, Financial Lines
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Claims Adjuster role.
✨Tip Number 2
Prepare for interviews by researching Convex and understanding their claims processes. We want you to show off your knowledge about Financial Lines claims and how you can contribute to their mission of service excellence.
✨Tip Number 3
Practice your negotiation skills! As a Claims Adjuster, you’ll need to be able to handle complex situations with diplomacy. We suggest role-playing common scenarios with a friend to boost your confidence.
✨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 and engaged with our brand.
We think you need these skills to ace Claims Adjuster, Financial Lines
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Adjuster role. Highlight your experience in Financial Lines claims and any relevant skills that match the job description. We want to see how you can bring your unique flair 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 claims adjusting and how your background aligns with our mission at Convex. Let us know what makes you tick and why you’d be a great fit for our team.
Showcase Your Problem-Solving Skills:In your application, don’t forget to highlight your problem-solving capabilities. We love candidates who can think on their feet and tackle complex situations head-on. Share examples of how you've navigated tricky claims or client interactions in the past.
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 shows us you’re keen on joining the Convex family!
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your Financial Lines
Make sure you brush up on your knowledge of Financial Lines claims, especially D&O, FI, PI, and W&I. Being able to discuss these areas confidently will show that you're not just familiar with the terminology but also understand the nuances involved in claims management.
✨Demonstrate Client Service Excellence
Since this role is all about providing excellent client service, think of examples from your past experiences where you went above and beyond for a client. Be ready to share how you handled difficult situations and what the outcomes were, as this will highlight your commitment to service excellence.
✨Showcase Your Problem-Solving Skills
Prepare to discuss specific challenges you've faced in previous roles and how you approached solving them. The interviewers will be looking for your analytical mindset and ability to work through complex situations, so have a few solid examples ready to go.
✨Build Relationships, Even in the Interview
Remember, this role involves managing relationships with underwriters, brokers, and clients. Use the interview as an opportunity to build rapport with your interviewers. Be personable, ask insightful questions, and show that you can communicate effectively at all levels.