At a Glance
- Tasks: Handle Property Claims from notice to settlement and mentor junior team members.
- Company: Leading Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: 12-month FTC with excellent career growth opportunities.
- Why this job: Join a top-tier team and make a real impact in the insurance industry.
- Qualifications: Experience in Property Claims within a Lloyd's environment and strong communication skills.
New Vacancy - (Senior) Claims Adjuster - US Property Binders/D&F
Lloyd's Syndicate
City of London
I am currently partnered with a leading Lloyd's Syndicate who are seeking a Claims Adjuster to join their Property team on a 12M FTC basis.
You will be responsible for handling a mixture of Property Binders/D&F Claims from notice to settlement, particularly in the US.
My client is looking for someone with Property Claims experience from a Lloyd's environment, someone competent with ECF and Lloyd's Claims Schemes, and someone who can be available or can start the role ASAP.
Key Responsibilities
- Adjust claims within the agreed Claims Authority in accordance with the company's Claims Philosophy and Claims Protocols, as well as Lloyd's Claims Principles and sub-principles.
- Take responsibility for the handling of Property Binder claims and provide mentoring and support to junior Property Claims Underwriters where appropriate.
- Work closely with and support the Underwriting teams whose claims you handle, including providing regular updates and renewal information where required.
- Work closely with brokers and clients to resolve claims effectively and efficiently.
- Liaise with following and co-lead markets, including arranging and hosting market meetings where necessary and attending meetings as required.
- Take responsibility for instructing and managing lawyers and experts where appropriate to assist with coverage determination, quantum assessment and the resolution of disputes.
- Act as relationship manager and key claims contact for all Delegated Claims Administrators (DCAs) within the Property Binders portfolio, working closely with the Delegated Authority team and Underwriters.
- Oversee the outsourced review and processing of monthly financial bordereaux, including appropriate triage to Claims Managers and Claims Underwriters where agreed criteria are met. Ensure bordereaux remain up to date and elevate any issues to the Head of Claims Operations & Analytics, Claims Managers, Binder Authority Team and Underwriters.
- Ensure the internal CAT plan is implemented and adhered to where required.
- Review loss fund adequacy and support the Claims Operations function with the recovery of loss funds relating to prior years.
- Ensure the company's Reserving Philosophy is applied consistently and that all claims reserving is undertaken in a timely, accurate and consistent manner.
- Escalate large or complex claims through the Claims Department as required and complete Executive Claims Summaries where appropriate.
- Report appropriate claims to the Outwards Reinsurance Department on a timely basis and assist with reinsurer recoveries where necessary.
- Support the Claims Operations function with the company's delegation of claims authority to Coverholders and Delegated Claims Administrators (DCAs). This may include maintaining the control framework for delegated claims authority, agreeing and updating DCA Service Level Agreements, ensuring appropriate MI is submitted regularly, and ensuring work undertaken on the company's behalf is appropriately peer reviewed, audited and compliant with all applicable regulations.
- Undertake any other ad hoc duties or tasks as required by management.
(Senior) Claims Adjuster - US Property employer: HFG
HFG is an exceptional employer that values its employees by offering a dynamic work culture and flexible hybrid working patterns, allowing for a healthy work-life balance. With a strong focus on professional development, employees are encouraged to grow their skills and advance their careers within the global insurance sector, making it a rewarding place to work for those seeking meaningful contributions in internal auditing.
StudySmarter Expert Advice🤫
We think this is how you could land (Senior) Claims Adjuster - US Property
✨Tap into Local Agencies
For temporary roles like the one at HFG, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so HFG knows you can adapt quickly to their needs!
We think you need these skills to ace (Senior) Claims Adjuster - US Property
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch HFG's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at HFG
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at HFG. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
