At a Glance
- Tasks: Manage and settle claims while collaborating with clients and experts in the field.
- Company: Join a leading firm in the insurance industry with a focus on energy and complex risks.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and learning in a fast-paced environment.
- Why this job: Make a real impact by handling diverse claims and working with industry professionals.
- Qualifications: University degree or relevant qualification, plus experience in claims handling.
The predicted salary is between 40000 - 50000 £ per year.
Responsibilities
- Manage, adjust, and settle a portfolio of claims within claims handling/settlement authority and in accordance with claims handling procedures and service level agreements.
- Liaise with clients, brokers, claims agreement parties, Xchanging, loss adjusters, lawyers, third-party administrators, underwriting teams and other third-party experts as appropriate.
- Report claims in accordance with claims reporting requirements to internal stakeholders.
- Ensure that relevant records are made and kept in accordance with the firm’s procedures and compliance manuals.
- Ensure the accuracy of figures held internally for those claims falling within the role’s settlement authority, including suitable and timely reserves.
- Assist in a quarterly review of open reserves to the syndicate of claims falling within the classes of business authorised to manage, to determine whether reserves are adequate, with a view to enabling production of accurate figures.
- Assist in the handling of complaints and liaison with Compliance, Lloyd’s and the FCA where appropriate.
- Understand and comply with the Lloyd’s Minimum Standards and claims schemes where appropriate.
- Proactively participate in initiatives, projects and other tasks related to the role and business when required.
Qualifications
- University degree and/or relevant professional qualification.
- Claims handling experience in a relevant field.
- ACII qualification or progressing towards an ACII qualification or relevant experience, along with sound business knowledge and understanding of:
- Underlying principles of insurance practice
- Generic legal principles
- FCA rules and regulations
- Lloyd’s regulations
- Demonstrate clear understanding of all company-specific procedures that relate to own role.
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the organisation.
- Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation.
- Identify, where relevant, any potential risks facing the business and the controls that are in place to mitigate them; report all significant changes in these risks, or the effectiveness of controls, to line management in a timely manner.
- Good knowledge and understanding of claims within authority level.
Claims Adjuster, Energy & Complex Risk Claims employer: Munich Re Specialty - Global Markets, UK
As a Claims Adjuster in our dynamic team, you will thrive in a supportive work culture that prioritises professional development and collaboration. Our commitment to employee growth is reflected in our comprehensive training programmes and opportunities for advancement within the energy and complex risk sector. Located in a vibrant area, we offer a competitive benefits package and a stimulating environment where your contributions are valued and recognised.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Claims Adjuster, Energy & Complex Risk Claims
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their claims processes. Be ready to discuss how your experience aligns with their needs, especially in managing complex risk claims.
✨Tip Number 3
Practice your pitch! You should be able to clearly explain your background, qualifications, and what makes you a great fit for the role of Claims Adjuster. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Claims Adjuster, Energy & Complex Risk Claims
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Adjuster role. Highlight your relevant experience in claims handling and any qualifications like ACII. We want to see how your background fits with our needs!
Showcase Your Skills:In your cover letter, showcase your skills in managing and settling claims. Use specific examples that demonstrate your understanding of insurance practices and compliance with regulations. This helps us see your potential impact!
Be Clear and Concise:When writing your application, keep it clear and concise. Avoid jargon and make sure your points are easy to understand. We appreciate straightforward communication, especially in a role that involves liaising with various stakeholders.
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 the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Claims Inside Out
Make sure you understand the claims handling procedures and service level agreements relevant to the role. Brush up on your knowledge of the underlying principles of insurance practice and the specific regulations from Lloyd’s and the FCA. This will show that you're not just familiar with the basics, but that you’re ready to dive into the complexities of the job.
✨Showcase Your Communication Skills
As a Claims Adjuster, you'll be liaising with various stakeholders like clients, brokers, and loss adjusters. Prepare examples of how you've effectively communicated in past roles, especially in challenging situations. This will demonstrate your ability to manage relationships and resolve issues efficiently.
✨Be Ready for Technical Questions
Expect questions that test your understanding of claims management and compliance. Review common scenarios you might face in the role and think about how you would handle them. Being able to articulate your thought process will impress interviewers and show that you can think on your feet.
✨Demonstrate Continuous Learning
Highlight your commitment to professional development, whether through formal qualifications like ACII or informal learning experiences. Discuss any recent training or courses you've taken that relate to claims handling or risk management. This shows that you're proactive and dedicated to staying updated in your field.
