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- Tasks: Handle and resolve complex financial claims while collaborating with various stakeholders.
- Company: Join Everest, a leading global insurance provider with nearly 50 years of excellence.
- Benefits: Enjoy flexible work arrangements, generous tuition reimbursement, and dynamic professional development opportunities.
- Why this job: Be part of an innovative culture that values collaboration and inclusivity while making a real impact.
- Qualifications: Ideal candidates have claims handling experience, strong analytical skills, and a collaborative mindset.
- Other info: This role offers a hybrid work schedule with two remote days each week.
The predicted salary is between 43200 - 72000 £ per year.
About Everest: Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.
Role Purpose: Everest Insurance, a member of the Everest Group is seeking a Senior Financial Lines Claims Adjuster to join our Claims Team, situated in London. Reporting to the Financial Lines Claims Manager, this individual will handle, investigate, evaluate and resolve complex Financial Institutions, Management Liability (including Directors & Officers), Professional Indemnity, Warranty & Indemnity claims underwritten from the UK on our Syndicate and Company platforms. In addition, they will provide oversight and management of TPAs, adjusters, lawyers and other external experts, with a wide degree of latitude for independent judgment. They will contribute across the organization by providing input, advice and review to underwriters and participate in onboarding and stewardship meetings with customers and brokers. Everest underwrite various classes of Financial Lines business and the successful candidate will have the opportunity to develop technical skills in all lines. This position is based in our London office with a hybrid schedule that has the option of working two days remotely each week.
Key Accountabilities:
- Highly developed analytical skills
- Reviewing and analysing complex coverage issues and preparation of coverage letters
- Investigating, analysing and evaluating liability, damages and cost exposures
- Managing and directing outside experts including adjusters and lawyers
- Preparing case summary reports related to matters of significant reserve and litigation activity
- Setting timely and appropriate case reserves
- Preparation of Large Claims Reports in respect of significant reserve and litigation activity
- Developing and executing claim strategies as well as resolution strategies
- Negotiating and resolving cases
- Managing and overseeing Third party administrators (TPAs)
- Working with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments
- Participate in claim reviews, stewardship meetings and claim audits
- Extensive communication and collaboration with insureds, brokers, reinsurers, actuaries, and underwriters
- Attending client meetings and industry functions to support retention and development of client relationships and business
- Performing similar work-related duties as assigned
Qualifications, Education & Experience:
- Considerable claims handling or legal experience in Financial Lines
- ACII qualified, lawyer or degree educated professional is preferable
- Experience with a global insurance company working across multiple underwriting platforms, jurisdictions and markets
- Good working understanding of London Market claims systems, i.e., ECF, IMR, Trax, etc.
- Thorough understanding of Financial Lines and Cyber coverage
- Strong analytical and organisational skills
- Excellent verbal and written communication skills
- Strong negotiation and investigation skills
- Ability to think strategically
- Self-directed and organised
- Ability to influence others and resolve complex, disputed claims
- In-depth knowledge of the litigation, arbitration, and trial process
- Ability to identify and use relevant data and metrics to best manage claims
- Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
- Ability and willingness to present to senior management and to others in other group settings
- Knowledge of the insurance industry, claims process and legal and regulatory environment
What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
Our Culture: At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviours.
Our Values are the guiding principles that inform our decisions, actions and behaviours. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
Our Colleague Behaviours define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviours across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Type: Regular
Time Type: Full time
Primary Location: London
Senior Financial Lines Claims Adjuster | London, UK employer: Everest Insurance
Contact Detail:
Everest Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Lines Claims Adjuster | London, UK
✨Tip Number 1
Familiarise yourself with the specific claims handling processes and systems used in the London Market, such as ECF and IMR. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work in Financial Lines. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals for the position.
✨Tip Number 3
Prepare to discuss your analytical skills and past experiences in handling complex claims. Be ready to provide examples of how you've successfully navigated challenging situations, as this will showcase your problem-solving abilities to potential employers.
✨Tip Number 4
Research Everest Insurance's culture and values thoroughly. Understanding their emphasis on collaboration, inclusion, and leadership will allow you to tailor your responses in interviews, showing that you align with their organisational ethos.
We think you need these skills to ace Senior Financial Lines Claims Adjuster | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in claims handling, particularly in Financial Lines. Use specific examples that demonstrate your analytical skills and ability to manage complex claims.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Everest Insurance. Mention how your background aligns with their values and the specific requirements of the Senior Financial Lines Claims Adjuster position.
Showcase Your Skills: Emphasise your strong negotiation and investigation skills in your application. Provide examples of how you've successfully resolved complex claims or worked collaboratively with external experts.
Highlight Continuous Learning: Mention any relevant qualifications, such as ACII or legal education, and your commitment to professional development. This aligns with Everest's focus on training and growth opportunities for employees.
How to prepare for a job interview at Everest Insurance
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of the Senior Financial Lines Claims Adjuster role. Familiarise yourself with the key accountabilities and qualifications listed in the job description. This will help you articulate how your skills and experiences align with what Everest is looking for.
✨Showcase Your Analytical Skills
Given the emphasis on analytical skills in this role, be prepared to discuss specific examples where you've successfully analysed complex coverage issues or managed claims. Highlight your ability to think strategically and how you've used data to inform your decisions.
✨Demonstrate Your Communication Skills
Effective communication is crucial in this position. Be ready to provide examples of how you've collaborated with various stakeholders, such as underwriters, brokers, and external experts. Practice articulating your thoughts clearly and concisely, both verbally and in writing.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving and negotiation skills. Think about past experiences where you had to resolve complex claims or disputes, and be ready to explain your thought process and the outcomes of those situations.
