Claims Adjuster, Financial Lines in London

Claims Adjuster, Financial Lines in London

London Full-Time 50000 - 65000 £ / year (est.) No working from home possible
Convex Insurance Ltd.

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, 30 days leave, private health cover, and learning budget.
  • 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 50000 - 65000 £ 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 in London employer: Convex Insurance Ltd.

At Convex, we pride ourselves on being an excellent employer, offering a dynamic and innovative work environment in the heart of London. Our commitment to employee growth is reflected in our generous benefits package, including 30 days of annual leave, a robust pension contribution, and a dedicated budget for learning and wellbeing. Join us to be part of a forward-thinking team that values client service excellence and fosters a culture of collaboration and continuous improvement.

Convex Insurance Ltd.

Contact Details:

Convex Insurance Ltd. Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Claims Adjuster, Financial Lines in London

Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you stand out as someone who genuinely cares about being part of their team.

Tip Number 3

Practice your pitch! Be ready to explain your experience and how it relates to the role of Claims Adjuster. Highlight your problem-solving skills and ability to work in fast-paced environments – that’s what they’re looking for!

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 in London

Claims Management
Financial Lines Claims Experience
Client Service Excellence
Negotiation Skills
Diplomacy Skills
Problem-Solving Capability
Analytical Mindset

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 challenges in previous roles!

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 resolved them. The interviewers will be looking for your analytical mindset and ability to work through complex situations, so having concrete examples will help you stand out.

Build Rapport with Interviewers

Remember, this role involves relationship management, so use the interview as an opportunity to build rapport with your interviewers. Be personable, ask insightful questions about their experiences at Convex, and show genuine interest in the company culture and values.