At a Glance
- Tasks: Manage your own caseload of Financial Lines claims, focusing on Management Liability and FI risks.
- Company: Join Lockton, a leading global insurance broker known for its innovative approach.
- Benefits: Enjoy agile working with a minimum of two office days per week and flexible hours.
- Why this job: Be part of a dynamic team where you can grow your skills and make an impact.
- Qualifications: Experience in Management Liability, Crime, and FI Claims is essential; ACII progress is a plus.
- Other info: Strong communication skills and a passion for learning are key to success in this role.
The predicted salary is between 36000 - 60000 £ per year.
Lockton are recruiting for an experienced Management Liability/Crime/FI Claims Associate to join the Professional & Financial Risks Claim team.
About the Role
The successful candidate will be responsible for managing their own caseload of Financial Lines claims which will predominantly relate to Management Liability/FI risks, although a knowledge of other classes of business such as Global Professional Indemnity and Cyber would be advantageous. Whilst this role is London based, Lockton are operating in an agile working environment, with an expectation of being in the office for a minimum of two days a week.
About You
Your knowledge and expertise:
- Experience in Management Liability, Crime and FI Claims experience.
- Applicants must have a proven technical and policy interpretation ability.
- Expected to have strong technical claims processing knowledge with a solid understanding of the London Market.
- Technically, candidates will have had experience and knowledge of London Market systems including ECF and CLASS.
- Have experience of liaising with clients and Insurers and being involved in claims negotiations.
- You will possess excellent communications skills and when required attend external client meetings.
- We are looking for someone that has the energy and appetite to learn and proven can develop and progress within our business.
- Working towards the ACII would be an advantage.
Professional Indemnity Claims Associate employer: Lockton
Contact Detail:
Lockton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Professional Indemnity Claims Associate
✨Tip Number 1
Familiarise yourself with the London Market systems like ECF and CLASS. Understanding these systems will not only boost your confidence during interviews but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the Management Liability and Financial Lines sectors. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at Lockton.
✨Tip Number 3
Brush up on your negotiation skills, as this role involves liaising with clients and insurers. Consider role-playing scenarios with a friend or mentor to build your confidence in handling claims negotiations.
✨Tip Number 4
Show your enthusiasm for learning by researching recent trends in Management Liability and Cyber risks. Being knowledgeable about current issues will impress interviewers and show that you're proactive about your professional development.
We think you need these skills to ace Professional Indemnity Claims Associate
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Professional Indemnity Claims Associate position at Lockton. Make sure you understand the key responsibilities and required skills, particularly in Management Liability, Crime, and Financial Lines claims.
Tailor Your CV: Customise your CV to highlight relevant experience in Management Liability and Financial Lines claims. Emphasise your technical claims processing knowledge and familiarity with London Market systems like ECF and CLASS.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and your ability to manage a caseload effectively. Mention specific examples of your experience in claims negotiations and client interactions to demonstrate your suitability.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the claims management field.
How to prepare for a job interview at Lockton
✨Showcase Your Technical Knowledge
Make sure to highlight your experience with Management Liability, Crime, and Financial Lines claims. Be prepared to discuss specific cases where you successfully interpreted policies or navigated complex claims processes.
✨Familiarise Yourself with London Market Systems
Since knowledge of systems like ECF and CLASS is crucial, brush up on these platforms before the interview. Being able to discuss your experience with these systems will demonstrate your readiness for the role.
✨Demonstrate Strong Communication Skills
Prepare examples of how you've effectively communicated with clients and insurers in past roles. This could include discussing negotiations or client meetings, showcasing your ability to build relationships and manage expectations.
✨Express Your Willingness to Learn
Lockton values candidates who are eager to develop and progress. Share your career aspirations and how you plan to work towards the ACII qualification, showing that you're committed to growing within the company.