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- Tasks: Manage and negotiate claims in Professional Indemnity and Financial Lines with a focus on efficiency.
- Company: Join a leading firm known for its commitment to excellence in claims handling.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and collaboration with industry experts.
- Why this job: Make a real impact by driving claims savings and enhancing portfolio management.
- Qualifications: Experience in claims handling and strong negotiation skills are essential.
The predicted salary is between 45000 - 55000 £ per year.
The primary role is to provide technical oversight and to handle claims across Professional Indemnity and Financial Lines, EL and Lloyd’s claims, in line with company claims handling guidelines. This will require close collaboration with the TPA appointed to handle this book, dealing with claims above DA levels and ensuring the portfolio is handled efficiently and effectively in accordance with the companies principles. You will apply your knowledge and experience to proactively manage claims through to settlement, including negotiation and management of claims matters. Other key elements of this role will include the assessment of risks attached to new deals, and the development and delivery of strategic approaches to achieve claims savings.
Main Responsibilities
- To proactively handle allocated claims to a high standard, including overall assessment of losses and reserves, and negotiation with counterparties to achieve timely settlements.
- To handle claims on behalf of the claims team under the supervision of the Claims Manager.
- To support the Claims Manager with ad-hoc projects across the Department.
- Identifying and reporting new trends or changes in the behaviour of a claims portfolio.
- Assist in the management of complaint cases within regulatory guidelines.
- Working with TPAs to provide assistance with referrals and cases over delegated authority limits.
- Effective management of external service providers, ensuring they are acting in the best interests of the company.
- Identifying and delivering opportunities for claims savings, both on an individual claims and strategic basis.
- Identification and execution of commutation and buyback opportunities, including the negotiation of deals with counterparties.
Key Skills Required
- Good level of claims handling technical experience and knowledge, providing consistently high-quality claims handling.
- Understanding of PI / FI / D&O / EL / Lloyd’s claims.
- Good knowledge of key terms and conditions in contracts / policies and general knowledge of key legal position in relevant jurisdictions.
- Good negotiation skills, with experience in negotiating with counterparties, including the ability to actively participate in formal mediations, resulting in successful settlements.
- Strong problem-solving skills with the ability to think critically and adapt.
- Strong IT capability, with excellent Excel skills and confidence working with claims systems and data.
- Effective verbal and written communication skills.
- Ability to develop good working relationships with both internal and external stakeholders.
- Ability to manage own workload effectively, prioritising where necessary.
- Adaptability and a flexible, open-minded approach to change.
Senior Claims Handler Specialty Lines in London employer: Gravitas Recruitment Group (Global) Ltd
Contact Detail:
Gravitas Recruitment Group (Global) Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Handler Specialty Lines in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and join relevant online groups. 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 claims handling processes. Be ready to discuss how your experience aligns with their needs, especially in Professional Indemnity and Financial Lines. Show them you’re the perfect fit!
✨Tip Number 3
Practice your negotiation skills! Since this role involves a lot of negotiation, consider role-playing scenarios with a friend or mentor. This will help you feel more confident when it comes to discussing claims matters during interviews.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly shows your enthusiasm. Plus, it’s a great way to get noticed by our hiring team!
We think you need these skills to ace Senior Claims Handler Specialty Lines in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Claims Handler role. Highlight your experience with Professional Indemnity and Financial Lines claims, and don’t forget to showcase your negotiation skills. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific examples of how you've handled claims in the past and how you can contribute to our team. We love a good story that shows your passion for claims handling!
Show Off Your Technical Skills: Since this role requires a good level of technical claims handling experience, make sure to highlight your knowledge of key terms and conditions in contracts and policies. We want to know how you’ve used your IT skills, especially with Excel, to manage claims effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application directly and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Gravitas Recruitment Group (Global) Ltd
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of Professional Indemnity, Financial Lines, and other relevant claims. Be ready to discuss specific cases you've handled and how you approached them, as this will show your technical expertise and understanding of the role.
✨Showcase Your Negotiation Skills
Prepare examples of successful negotiations you've led in the past. Highlight your strategies for achieving timely settlements and how you managed to navigate complex situations with counterparties. This will demonstrate your ability to handle claims effectively.
✨Demonstrate Problem-Solving Prowess
Think of scenarios where you've had to think critically and adapt to changing circumstances. Be ready to share how you identified risks and developed strategic approaches to achieve claims savings, as this aligns perfectly with the job's requirements.
✨Build Rapport with Stakeholders
During the interview, focus on your communication skills and how you've built relationships with both internal teams and external service providers. Share examples of how you've collaborated with TPAs and managed complaints, as this will highlight your ability to work well with others.