At a Glance
- Tasks: Manage and settle diverse claims in Professional, Financial, and Cyber sectors.
- Company: Leading Lloyd's Broker with a dynamic and supportive team culture.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Join a top-tier team and make a real difference in the insurance industry.
- Qualifications: 3-5+ years of experience in handling Financial Lines Claims.
- Other info: Exciting role with strong career progression and a collaborative environment.
The predicted salary is between 48000 - 72000 £ per year.
I am currently partnered with a leading Lloyd's Broker who are seeking a Senior Claims Advocate to join their Financial Lines team on a 12M contract. This role will be handling PI, FI, D&O and Cyber Claims from global jurisdictions, ensuring the effective management and settlement of claims.
My client is looking for someone with 3-5+ years experience of handling Financial Lines Claims from an Insurer or Broker view and someone who has experience using ECF.
Key Responsibilities- Responsible for the management and handling of a wide range of claims across Professional, Financial and Cyber business lines.
- Upon receipt of claim notifications, assess risk exposure, review claim details in line with applicable policy coverage and wording, acknowledge receipt to clients or intermediaries, and accurately set up and maintain claims files and in-house systems.
- Prepare and present claims information to insurers and clients in written or electronic formats, responding to subsequent instructions, queries and enquiries as required.
- Monitor insurer agreement and settlement of claims, ensuring timely payment to the correct beneficiaries.
- Escalate any claims issues or concerns promptly to management.
- Ensure clear communication of insurer instructions to clients and experts, and vice versa.
- Develop and maintain strong working relationships with clients, experts and insurers through consistent, professional and responsive communication.
- Liaise effectively with placing colleagues, including the preparation and maintenance of claims statistics and production of Claims Renewal Reports for renewal purposes.
- Work closely with accounting teams regarding the collection and payment of funds, resolution of queries and clearance of accounting entries.
- Remain up to date with market developments and system changes, manage workload effectively, and report progress or issues to management as appropriate.
- Attend internal and external meetings as required.
Senior Claims Adjuster - Financial Lines in London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines in London
✨Tip Number 1
Networking is key! Reach out to your connections in the insurance and financial lines sectors. Attend industry events or webinars to meet potential employers and showcase your expertise in handling claims.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Professional Indemnity, Financial Institutions, Directors & Officers, and Cyber Claims. Be ready to discuss your experience with ECF and how you've successfully managed claims in the past.
✨Tip Number 3
Showcase your communication skills! During interviews, highlight how you’ve maintained strong relationships with clients and insurers. Use examples to demonstrate your ability to handle queries and provide clear instructions.
✨Tip Number 4
Don’t forget to apply through our website! We make it easy for you to find roles that match your skills and experience. Plus, it shows you're serious about joining our team in the financial lines space.
We think you need these skills to ace Senior Claims Adjuster - Financial Lines in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your experience with Financial Lines claims, especially in Professional Indemnity, Financial Institutions, Directors & Officers, and Cyber claims. 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 experiences that relate to the job description and show us your passion for claims management. Remember, we love a good story!
Showcase Your Communication Skills: Since this role involves a lot of communication with clients and insurers, make sure to highlight your strong communication skills in your application. Whether it's through your writing style or examples of past interactions, let us know how you keep things clear and professional.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at HFG
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of Professional Indemnity, Financial Institutions, Directors & Officers, and Cyber Claims. Be ready to discuss specific cases you've handled and how you assessed risk exposure. This will show that you’re not just familiar with the terms but have real-world experience.
✨Master the ECF System
Since experience using ECF is a must-have, ensure you can confidently talk about your proficiency with it. If you’ve used similar systems, be prepared to draw parallels and explain how those experiences will help you adapt quickly.
✨Communication is Key
Highlight your ability to communicate effectively with clients, insurers, and experts. Prepare examples of how you’ve maintained strong relationships and resolved issues through clear communication. This role requires a lot of interaction, so showcasing your interpersonal skills will be crucial.
✨Stay Updated on Market Trends
Demonstrate your awareness of current market developments and system changes in the financial lines sector. Bring up any recent news or trends that could impact claims management, showing that you’re proactive and engaged in your field.