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For Companies At a Glance
- Tasks: Manage and settle a variety of claims in Professional, Financial, and Cyber lines.
- Company: Join a leading Lloyd's Broker with a dynamic and supportive culture.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while developing your expertise.
- Qualifications: 3-5 years experience in handling Financial Lines Claims and ECF knowledge.
- Other info: Collaborative environment with strong focus on client relationships and career advancement.
The predicted salary is between 36000 - 60000 £ 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 Advocate - Financial Lines (12M FTC) in City of London employer: High Finance Limited
Contact Detail:
High Finance Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Advocate - Financial Lines (12M FTC) in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Lloyd's or in financial lines. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your claims knowledge. Be ready to discuss specific cases you've handled, especially in PI, FI, D&O, and Cyber Claims. Show us you know your stuff!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! We make it easy for you to showcase your skills and experience directly to the hiring team. Plus, it shows you're serious about joining us in this exciting role.
We think you need these skills to ace Senior Claims Advocate - Financial Lines (12M FTC) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in handling Financial Lines Claims. We want to see how your skills match the job description, so don’t be shy about showcasing your 3-5 years of relevant experience!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior Claims Advocate role. Mention your familiarity with ECF and how you’ve successfully managed claims in the past.
Be Clear and Concise: When filling out your application, keep your language clear and to the point. We appreciate straightforward communication, just like you’d use when liaising with clients or insurers.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at High Finance Limited
✨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 talk confidently about your proficiency with this system. If you’ve used it in previous roles, prepare examples of how you’ve set up and maintained claims files effectively. This will demonstrate your technical skills and readiness for the role.
✨Communication is Key
Highlight your ability to communicate clearly with clients, insurers, and colleagues. Prepare examples of how you’ve managed relationships and resolved issues through effective communication. This will show that you can maintain strong working relationships, which is crucial for a Senior Claims Advocate.
✨Stay Updated on Market Trends
Research current trends in the financial lines sector and be prepared to discuss how they might impact claims management. Showing that you’re proactive about staying informed will impress your interviewers and demonstrate your commitment to the role.
