At a Glance
- Tasks: Manage and settle diverse financial claims while ensuring compliance and effective communication.
- Company: Leading firm in the financial sector with a focus on professional development.
- Benefits: Competitive salary, career growth opportunities, and ongoing training.
- Why this job: Join a dynamic team and make a real impact in the financial claims landscape.
- Qualifications: 7+ years of claims experience, particularly in PI, FI, D&O, and Cyber.
- Other info: Collaborative environment with strong support from senior management.
The predicted salary is between 48000 - 72000 £ per year.
My client is looking for an experienced Senior Financial Lines Claims professional with 7+ years' experience, handling a broad range of claims including (but not limited to) Professional Indemnity (PI), Financial Institutions (FI), Directors & Officers (D&O), and Cyber. US claims experience and strong ECF2 knowledge are essential, and the ideal candidate will have gained their experience within a Lloyd's Syndicate or Law Firm environment.
Key Responsibilities
- Adjust, manage, and settle claims in line with delegated authority levels and in accordance with the Company's Claims Management Policies, Procedures, Claims Philosophy, and Reserving Protocol.
- Proactively manage the Company's claims exposure, ensuring alignment with the prevailing legal and regulatory framework.
- Safeguard the Company's financial interests by validating claims payments and maintaining appropriate and accurate reserving levels.
- Deliver a prompt, efficient, and professional service to customers, ensuring adherence to Treating Customers Fairly principles.
- Communicate material losses, emerging trends, and significant claims developments to relevant internal and external stakeholders.
- Ensure effective collaboration between Claims and all relevant internal departments.
- Maintain compliance with the Company's claims philosophy, minimum standards, and individual authority limits.
- Manage claims efficiently from notification to conclusion, ensuring service level agreements are consistently met across paper and electronic submissions.
- Appoint, instruct, and oversee external service providers, developing and implementing appropriate claims resolution strategies.
- Liaise effectively with brokers, co-insurers, reinsurers, and insureds on all claims-related matters.
- Ensure claims records are accurate, complete, and up to date on internal systems, including the effective management of workflows across electronic claims platforms.
- Work closely with Senior Management and Underwriting teams to support the smooth and effective operation of the business.
- Support broader claims management activities, including open claims reviews, reserving and reinsurance analysis, reinsurer engagement, and ad hoc projects as required.
- Participate in ongoing professional, technical, and career development training, both internally and externally.
- Collaborate with internal functions such as Underwriting, Actuarial, Risk, Finance, and Compliance to support effective claims management.
- Attend internal meetings and committees as required.
- Undertake any other reasonable duties consistent with the skills, experience, and seniority of the role.
Senior Claims Adjuster - PI, FI and D&O in London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - PI, FI and D&O in London
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that Senior Claims Adjuster role.
✨Ace the Interview
Prepare for those interviews by brushing up on your knowledge of PI, FI, D&O, and Cyber claims. We recommend practising common interview questions and having examples ready to showcase your experience. Show them you’re the expert they need!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a simple way to show your appreciation and keep you fresh in their minds. We believe this small gesture can make a big difference in how you’re perceived.
✨Apply Through Our Website
When you find a job that fits, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for talented individuals like you to join our team!
We think you need these skills to ace Senior Claims Adjuster - PI, FI and D&O in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your 7+ years of experience in handling claims, especially in PI, FI, and D&O. We want to see how your background aligns with the key responsibilities mentioned in the job description.
Showcase Your ECF2 Knowledge: Since strong ECF2 knowledge is essential, don’t forget to mention any relevant experience or training you have in this area. We’re looking for candidates who can hit the ground running!
Highlight Collaboration Skills: Effective collaboration is key in this role, so be sure to include examples of how you've worked with different teams or stakeholders in the past. We love seeing teamwork in action!
Apply Through Our Website: Finally, make sure to apply through our website! It’s the best way for us to receive your application and keep track of all the amazing candidates like you. We can’t wait to hear from you!
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, and Directors & Officers claims. Be ready to discuss specific cases you've handled, especially those that demonstrate your understanding of ECF2 and US claims experience. This will show that you're not just familiar with the terms but have real-world experience to back it up.
✨Showcase Your Collaboration Skills
Since the role involves liaising with various stakeholders like brokers and co-insurers, be prepared to share examples of how you've effectively collaborated in past roles. Highlight any experiences where you worked closely with underwriting or actuarial teams to resolve complex claims, as this will resonate well with the interviewers.
✨Demonstrate Your Problem-Solving Abilities
Claims management often requires quick thinking and effective problem-solving. Think of a challenging claim situation you've faced and how you navigated it. Discuss the strategies you implemented to manage claims efficiently while ensuring compliance with company policies. This will illustrate your ability to handle pressure and make sound decisions.
✨Prepare Questions That Matter
Interviews are a two-way street, so come armed with insightful questions about the company's claims philosophy and how they approach emerging trends in the industry. This shows your genuine interest in the role and helps you gauge if the company aligns with your career goals. Plus, it gives you a chance to engage in a meaningful conversation with the interviewers.