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For Companies 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 days in the office and flexible hours.
- Why this job: Be part of a dynamic team, develop your skills, and make an impact in the insurance industry.
- 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 thriving 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.
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 🫡
Tailor Your CV: Make sure your CV highlights your experience in Management Liability, Crime, and Financial Lines claims. Use specific examples that demonstrate your technical claims processing knowledge and understanding of the London Market.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and Lockton as a company. Mention your relevant experience and how it aligns with the responsibilities outlined in the job description, particularly your ability to manage a caseload and liaise with clients.
Showcase Your Technical Skills: Emphasise your familiarity with London Market systems like ECF and CLASS in your application. If you have experience in claims negotiations, be sure to include that as well, as it is a key aspect of the role.
Highlight Your Communication Skills: Since excellent communication skills are essential for this position, provide examples in your application where you've successfully communicated with clients or attended external meetings. This will demonstrate your capability to thrive in the role.
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 you've managed and demonstrate your understanding of the London Market systems like ECF and CLASS.
✨Prepare for Claims Negotiation Scenarios
Since the role involves liaising with clients and insurers, practice discussing negotiation strategies. Think of examples where you successfully negotiated a claim and be ready to explain your approach and the outcome.
✨Demonstrate Your Communication Skills
Excellent communication is key in this role. Prepare to discuss how you've effectively communicated with clients and stakeholders in the past. Consider sharing experiences from external meetings that showcase your ability to convey complex information clearly.
✨Express Your Willingness to Learn
Lockton values candidates who are eager to develop. Be ready to talk about your professional development goals, such as working towards the ACII qualification, and how you plan to grow within the company.
