At a Glance
- Tasks: Evaluate claims, manage risks, and ensure accurate data processing in a dynamic reinsurance environment.
- Company: Join a leading Lloyd's Syndicate known for its innovative approach in the insurance market.
- Benefits: Enjoy a full-time role with opportunities for professional growth and collaboration across teams.
- Other info: This role covers global jurisdictions, excluding the US, offering a diverse range of challenges.
- Why this job: Be part of a growing team that values insight, relationships, and continuous improvement in claims processes.
- Qualifications: 10+ years of experience in reinsurance claims with knowledge of ECF/CLASS preferred.
The predicted salary is between 48000 - 84000 £ per year.
I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Senior Claims Adjuster to join their growing Reinsurance team. This role will be covering Reinsurance Treaty and Facultative Property and Casualty Claims arising from Excess of Loss, Proportional Treaty and Facultative business. My client is looking for someone with 10+ years experience in this space with good knowledge of ECF/CLASS. Jurisdictions are worldwide minus the US so experience here is preferred.
Key Responsibilities
- Evaluate policy coverage and liability for all received claims notifications.
- Oversee and resolve claims related to policies written by the business, ensuring precise reserve calculations and managing cross-market risks.
- Promptly process ECF/CLASS and Direct claims notifications, handle treaty statements, and manage cash calls while adhering to internal KPIs, minimum standards, and market expectations.
- Deliver insightful commentary on relevant changes, drawing attention to significant notifications, claims trends, or developments.
- Conduct Claims Audits and Reviews for Service Providers and other third parties as necessary.
- Foster and maintain strong working relationships with the Underwriting, Actuarial, and Finance Teams.
- Review and keep internal databases up to date with relevant claims information.
- Ensure the accuracy of data in the claims system.
- Adhere to all pertinent company procedures and policies.
- Align actions with the Claims philosophy.
- Contribute to the improvement and enhancement of claims processes and systems for sustained advancement.
- Collaborate as necessary on all matters related to Compliance reporting.
Senior Reinsurance Claims Adjuster in City of London employer: HFG Insurance Recruitment
Join a leading Lloyd's Syndicate in the heart of the City of London, where you will be part of a dynamic and supportive work culture that values collaboration and innovation. With a strong focus on employee growth, this company offers extensive training opportunities and career advancement paths, ensuring that your expertise as a Senior Reinsurance Claims Adjuster is nurtured and developed. Enjoy the unique advantage of working in a prestigious location, surrounded by industry leaders, while contributing to meaningful projects that shape the future of reinsurance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reinsurance Claims Adjuster in City of London
✨Tip Number 1
Network with professionals in the reinsurance sector, especially those who work at Lloyd's Syndicates. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in claims adjusting.
✨Tip Number 2
Familiarise yourself with ECF/CLASS systems if you haven't already. Understanding these platforms will not only boost your confidence but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss your experience with Excess of Loss and Proportional Treaty claims in detail. Be ready to share specific examples of how you've successfully managed complex claims and resolved issues in previous roles.
✨Tip Number 4
Research the company culture and values of the Lloyd's Syndicate you're applying to. Tailor your conversations to reflect how your personal values align with theirs, showcasing your fit for the team.
We think you need these skills to ace Senior Reinsurance Claims Adjuster in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your 10+ years of experience in reinsurance claims adjusting. Focus on relevant skills such as ECF/CLASS knowledge and your ability to evaluate policy coverage and liability.
Craft a Strong Cover Letter:In your cover letter, emphasise your expertise in handling Excess of Loss and Proportional Treaty claims. Mention specific examples of how you've successfully managed claims processes and improved systems in previous roles.
Highlight Key Achievements:Include quantifiable achievements in your application, such as the number of claims processed or improvements made to claims procedures. This will demonstrate your impact in previous positions.
Showcase Soft Skills:Don't forget to mention your ability to foster strong working relationships with teams like Underwriting and Actuarial. Highlighting your communication and collaboration skills can set you apart from other candidates.
How to prepare for a job interview at HFG Insurance Recruitment
✨Showcase Your Experience
With over 10 years in the industry, it's crucial to highlight your specific experiences related to Reinsurance Treaty and Facultative Property and Casualty Claims. Prepare examples that demonstrate your expertise in evaluating policy coverage and managing claims effectively.
✨Understand ECF/CLASS Systems
Since knowledge of ECF/CLASS is essential for this role, make sure you can discuss your familiarity with these systems. Be ready to explain how you've used them in past roles to process claims and manage data accurately.
✨Demonstrate Strong Analytical Skills
The role requires delivering insightful commentary on claims trends and developments. Prepare to discuss how you've analysed claims data in the past and how your insights have influenced decision-making or improved processes.
✨Build Rapport with Stakeholders
Fostering strong relationships with Underwriting, Actuarial, and Finance Teams is key. Think of examples where you've successfully collaborated with different departments to resolve claims or improve processes, and be ready to share these during your interview.
