At a Glance
- Tasks: Conduct quality assurance audits and analyse claims to ensure compliance and enhance performance.
- Company: Join Hiscox, a dynamic insurer with a culture of innovation and collaboration.
- Benefits: Enjoy hybrid working, competitive salary, and a commitment to diversity and inclusion.
- Other info: Be part of a supportive environment that values creativity and personal growth.
- Why this job: Make a real impact by improving claims processes and working with talented teams.
- Qualifications: Experience in Lloyd's London Market and strong analytical skills are essential.
The predicted salary is between 36000 - 44000 £ per year.
The Quality Assurance & Governance team is based in London, York, Colchester, Europe and the US.
Key responsibilities
- The Claims Quality Assurance Analyst is responsible for conducting comprehensive reviews of claims files to ensure compliance with regulatory and internal quality frameworks.
- This role involves assessing adherence to Hiscox Claims Best Practices, identifying trends, and recommending corrective actions to enhance claims performance.
- The Analyst supports the preparation of detailed management information (MI) and analytic reports, communicates key findings to relevant stakeholders, and supports the development and implementation of training and remediation plans.
The role covers the following:
- Conducting Quality Assurance Audit, both internal & TPA, where appropriate, reviewing claims, measuring results against Hiscox's best practice standards and regulatory requirements.
- Undertake regular re-review of assessor reviews to ensure calibration in scoring and assessment.
- Supporting preparation of qualitative management information and analytical reports that highlight claims findings, emerging trends, and areas requiring attention.
- Analysts synthesize data, present actionable recommendations, and ensure clear communication with stakeholders to facilitate informed decision-making.
- Collaborate with business units and management teams to provide constructive feedback, deliver training sessions, where appropriate and propose remedial action plans, ensuring that best practices are embedded throughout the claims process.
Knowledge & Experience
- Maintain a sound understanding of relevant classes of business, products and services within the London Market.
- Maintain a sound understanding of relevant policies, processes and systems utilised by the London Market claims function.
- Maintain an understanding of the legal and regulatory environment within which London Market operates.
Specification: Claims Quality Assurance review handling is a must.
Required Skills
- Knowledge or experience of working in the Lloyds London Market.
- Experience of working across multiple internal and external teams including third party suppliers.
- Strong people and relationship building skills, notably influencing and negotiating.
- Excellent communication skills, both oral and written.
- Someone who can analyse complex issues but is also pragmatic, commercial and solution orientated.
- An ability to use own initiative and confidence in making decisions, as well as ability to work within a team.
- Good commercial awareness.
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things. We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions. Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places. Some people might say insurance is dull, but life at Hiscox is anything but.
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past few years that working life doesn't always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
Claims Quality Assurance Analyst in City of Westminster employer: Hiscox Inc.
Join a forward-thinking company that values innovation and collaboration, where as a Product Manager, you will lead the Claims Digital Platform for SME insurance in a dynamic environment. Our commitment to employee growth is reflected in our supportive work culture, offering opportunities for professional development and hands-on leadership experience. Located in a vibrant area, we provide a unique advantage with access to a diverse talent pool and a strong focus on operational efficiency and customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Quality Assurance Analyst in City of Westminster
✨Dive Into Industry Networking Events
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We think you need these skills to ace Claims Quality Assurance Analyst in City of Westminster
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hiscox Inc..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox Inc.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hiscox Inc.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox Inc. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hiscox Inc., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hiscox Inc.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.