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- Tasks: Manage and settle financial lines claims while ensuring compliance with company policies.
- Company: Leading Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Join a growing team and make a real impact in the insurance industry.
- Qualifications: 7+ years in claims handling, especially in Financial Lines, with US experience preferred.
- Other info: Collaborative culture with opportunities for career advancement.
The predicted salary is between 48000 - 72000 £ per year.
I am currently partnered with a leading Lloyd's Syndicate who are seeking a Senior Claims Adjuster to join their growing team. My client is looking for a Senior Claims professional with 7+ years handling Financial Lines Claims including but not limited to; PI, FI, D&O, Cyber. US Claims experience and ECF2 knowledge is essential for this role, and the ideal candidate will come from a Syndicate or Law Firm environment.
Key Responsibilities
- To adjust, settle, and manage claims arising under underwritten policies in accordance with agreed authority limits and in line with the Company's Claims Management Policies, Procedures, and associated guidance, including the Claims Philosophy and Reserving Protocol.
- To proactively and efficiently manage the Company's claims exposure in line with the prevailing legal and regulatory environment.
- To protect the Company's financial interests by ensuring the validity of claims payments and the maintenance of appropriate reserving levels.
- To provide customers with a prompt, efficient, and professional service, ensuring compliance with Treating Customers Fairly principles.
- To communicate claims developments, emerging trends, and material losses to relevant stakeholders, as appropriate.
- To ensure effective interaction between Claims Management and all relevant internal stakeholders.
- To ensure claims handling activities comply with the Company's claims philosophy, minimum standards, and individual claims authority limits.
- To ensure claims submitted via paper or electronic means are handled promptly, efficiently, and within agreed service levels from notification through to conclusion.
- To appoint, instruct, and manage service providers, including the development of appropriate strategies for claim resolution.
- To liaise with brokers, co-insurers, and customers on claims-related matters.
- To ensure claims records maintained on internal systems are accurate, complete, and up to date, including the effective management of individual workflows through electronic claims platforms.
- To work closely with Senior Management and Underwriting representatives to support the smooth operation of the business and ensure effective communication across all areas.
- To undertake and support claims management activities including, but not limited to, open claims reviews, reserving analysis, reinsurance analysis, reinsurer liaison, and other projects as reasonably requested.
- To participate in relevant professional, technical, and career development training, both internally and externally.
- To carry out any other duties of a similar nature reasonably requested, consistent with the skills and expertise of the role, subject to periodic review and consultation.
- To liaise with related internal functions to support effective claims management, including Underwriting, Actuarial, Risk Management, Finance, and Compliance.
- To attend internal meetings and committees as required.
Senior Claims Adjuster - Financial Lines in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Claims Adjuster role.
✨Ace the Interview
Prepare for your interviews by researching common questions and practicing your answers. We recommend using the STAR method (Situation, Task, Action, Result) to structure your responses. Show them you’ve got the experience in Financial Lines Claims they’re looking for!
✨Showcase Your Skills
When you get the chance, highlight your specific skills related to PI, FI, D&O, and Cyber claims. We want to see how your 7+ years of experience can bring value to their team. Use examples from your past roles to demonstrate your expertise!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we often have exclusive listings that you won’t find anywhere else. Let’s get you that Senior Claims Adjuster position!
We think you need these skills to ace Senior Claims Adjuster - Financial Lines in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in handling Financial Lines Claims. We want to see your 7+ years of expertise shine through, especially with PI, FI, D&O, and Cyber claims.
Showcase Relevant Experience: In your cover letter, emphasise any US Claims experience and your knowledge of ECF2. We’re looking for candidates who can hit the ground running, so make it clear how your background fits the bill.
Be Professional Yet Personable: While we appreciate professionalism, don’t be afraid to let your personality show! A friendly tone can go a long way in making your application stand out. Remember, we value communication skills just as much as technical know-how.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with our growing team!
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of Financial Lines claims, especially Professional Indemnity, Financial Institutions, Directors & Officers, and Cyber. Be ready to discuss specific cases you've handled and how you navigated the complexities involved.
✨Showcase Your Regulatory Savvy
Since the role involves managing claims in line with legal and regulatory environments, be prepared to talk about your experience with compliance and how you've ensured adherence to Treating Customers Fairly principles in past roles.
✨Demonstrate Your Stakeholder Management Skills
This position requires effective communication with various stakeholders. Think of examples where you've successfully liaised with brokers, co-insurers, or customers, and be ready to explain how you managed those relationships.
✨Highlight Your Technical Proficiency
Familiarise yourself with ECF2 and any electronic claims platforms you've used. Be ready to discuss how you've utilised technology to improve claims handling efficiency and accuracy in your previous roles.
