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For Companies At a Glance
- 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 36000 - 60000 £ per year.
Overview
A leading Lloyd's Syndicate in the City of London is seeking a Senior Claims Adjuster to join their growing team. The ideal candidate will have 7+ years handling Financial Lines Claims, including but not limited to; PI, FI, D&O, and Cyber. US Claims experience and ECF2 knowledge are essential for this role, and candidates should come from a Syndicate or Law Firm environment.
Key Responsibilities
- 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.
- Proactively and efficiently manage the Company's claims exposure in line with the prevailing legal and regulatory environment.
- Protect the Company's financial interests by ensuring the validity of claims payments and the maintenance of appropriate reserving levels.
- Provide customers with a prompt, efficient, and professional service, ensuring compliance with Treating Customers Fairly principles.
- Communicate claims developments, emerging trends, and material losses to relevant stakeholders, as appropriate.
- Ensure effective interaction between Claims Management and all relevant internal stakeholders.
- Ensure claims handling activities comply with the Company's claims philosophy, minimum standards, and individual claims authority limits.
- Handle claims submitted via paper or electronic means promptly, efficiently, and within agreed service levels from notification through to conclusion.
- Appoint, instruct, and manage service providers, including the development of appropriate strategies for claim resolution.
- Liaise with brokers, co-insurers, and customers on claims-related matters.
- Ensure claims records maintained on internal systems are accurate, complete, and up to date.
- Work closely with Senior Management and Underwriting representatives to support the smooth operation of the business and ensure effective communication across all areas.
- Undertake and support claims management activities including open claims reviews, reserving analysis, reinsurance analysis, reinsurer liaison, and other projects as reasonably requested.
- Participate in relevant professional, technical, and career development training, both internally and externally.
- Carry out any other duties of a similar nature reasonably requested, consistent with the skills and expertise of the role.
- Liaise with related internal functions to support effective claims management, including Underwriting, Actuarial, Risk Management, Finance, and Compliance.
- Attend internal meetings and committees as required.
Senior Claims Adjuster - Financial Lines in London employer: HJF Promotional Products
Contact Detail:
HJF Promotional Products Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and claims industry. Attend events, join online forums, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews! Research the company and its claims philosophy. Think about how your 7+ years of experience with Financial Lines Claims can add value. We want you to walk in there confident and ready to impress!
✨Tip Number 3
Showcase your expertise! Bring along examples of your past claims management successes, especially in PI, FI, D&O, and Cyber. We’re talking about real-life scenarios where you’ve made a difference – this is your chance to shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Senior Claims Adjuster role!
We think you need these skills to ace Senior Claims Adjuster - Financial Lines in 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 familiarity with ECF2. We love seeing candidates who can demonstrate their knowledge of the industry and how it relates to our needs.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate straightforward communication that reflects your professionalism and aligns with our Treating Customers Fairly principles.
Apply Through Our Website: Don’t forget to apply 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 HJF Promotional Products
✨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 Communication Skills
Effective communication is key in this role. Think of examples where you've successfully liaised with brokers, co-insurers, or customers. Highlight how you kept stakeholders informed about claims developments and trends.
✨Prepare for Technical Questions
Expect questions about ECF2 and electronic claims platforms. Brush up on your technical knowledge and be ready to explain how you've used these systems to manage claims efficiently and accurately.
