At a Glance
- Tasks: Lead quality assurance audits and enhance claims performance through data analysis.
- Company: Join Hiscox, a leader in insurance with a commitment to diversity and inclusion.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and gain exposure to various insurance products.
- Why this job: Make a real impact by driving excellence in claims handling and governance.
- Qualifications: Experience in claims quality assurance and strong communication skills required.
The predicted salary is between 55000 - 65000 £ per year.
The Quality Assurance & Governance team is comprised of professionals with deep operational and technical expertise. This team is instrumental in driving claims quality assurance and governance across Hiscox, acting as a central reference for best practices and continuous improvement initiatives. Team members regularly engage with stakeholders throughout the company, promoting standardized processes, calibration, and ongoing development in claims handling. Adaptability is essential, as the team responds to the evolving needs of diverse stakeholders. As part of the Claims Quality Assurance Centre of Excellence, team members gain valuable exposure to a variety of insurance products and have opportunities to collaborate with business leaders across the organization.
Key Responsibilities
- The Claims Quality Assurance Manager 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 Manager prepares detailed management information and analytic reports, communicates key findings to relevant stakeholders, and supports the development and implementation of training and remediation plans for analysts within the team.
- The Manager is pivotal in fostering a culture of excellence, driving continuous improvement, and maintaining high standards throughout the claims function.
- Conduct and oversee quality assurance audits, both internal and TPA, reviewing claims against Hiscox best practice standards and regulatory requirements.
- Re-review assessor reviews regularly to ensure calibration and scoring consistency.
- Produce regular data reporting to claims management, identifying improvement areas and facilitating remediation efforts.
- Recommend improvements for policies, processes, and procedures as part of a continuous improvement cycle, including team-level training needs.
- 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 utilized by the London Market claims function.
- Maintain an understanding of the legal and regulatory environment within which the London Market operates.
- Promote and deliver a continuous improvement culture within the claims function to deliver superior service to policyholders, including strategic account reviews.
Specification
- Claims quality assurance review handling is a must.
- 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.
- Ability to analyze complex issues while remaining pragmatic, commercial and solution-oriented.
- Confidence in using own initiative and making decisions.
- Good commercial awareness.
- Excellent team-working skills and the ability to supervise and coach other team members constructively and effectively.
At Hiscox we care about our people. We hire the best people for the job and are committed to diversity and creating a truly inclusive culture. We also support hybrid working, allowing team members to balance structure and sociability with independence and flexibility.
Claims Quality Assurance Manager employer: Hiscox
Hiscox is an exceptional employer that prioritises diversity and inclusivity, fostering a collaborative work culture where employees are empowered to excel. Located in London, the Claims Quality Assurance Manager role offers unique opportunities for professional growth through exposure to various insurance products and engagement with business leaders, all while supporting a hybrid working model that promotes flexibility and work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Quality Assurance Manager
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Hiscox). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hiscox. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Claims Quality Assurance Manager
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox. 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
✨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 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, 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'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.