At a Glance
- Tasks: Manage and settle diverse financial claims while ensuring compliance and effective collaboration.
- Company: Leading firm in the financial services 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: Work in a supportive environment with strong emphasis on teamwork and professional growth.
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 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 - PI, FI and D&O in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in claims or insurance. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Professional Indemnity, Financial Institutions, and Directors & Officers claims. We want you to showcase your expertise and experience confidently when discussing your background.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Claims Adjuster - PI, FI and D&O in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights 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 role, so don’t be shy about showcasing relevant achievements!
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 Senior Claims Adjuster role. Mention your US claims experience and ECF2 knowledge, and how they’ll benefit our team at StudySmarter.
Showcase Your Communication Skills: Since effective communication is key in this role, make sure your application reflects your ability to liaise with various stakeholders. We love candidates who can convey complex information clearly and professionally!
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 the role. Plus, it’s super easy – just follow the prompts!
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 Professional Indemnity, Financial Institutions, and Directors & Officers claims. Be ready to discuss specific cases you've handled and how you navigated complex situations. This will show your expertise and confidence in the field.
✨Showcase Your ECF2 Knowledge
Since strong ECF2 knowledge is essential for this role, prepare to demonstrate your understanding of electronic claims frameworks. Think of examples where you've successfully used ECF2 in your previous roles, as this will highlight your technical skills and adaptability.
✨Emphasise Collaboration Skills
This position requires effective collaboration with various internal departments and external stakeholders. Be ready to share examples of how you've worked with teams like Underwriting or Risk Management in the past, and how you ensured smooth communication and operations.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that test your problem-solving abilities in claims management. Think through potential challenges you might face in this role and how you would address them. This will demonstrate your proactive approach and strategic thinking.