At a Glance
- Tasks: Manage and settle claims while collaborating with clients and experts.
- Company: Dynamic insurance firm focused on innovation and teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunities for growth and continuous learning in a fast-paced industry.
- Why this job: Join a team where your decisions directly impact clients and the business.
- Qualifications: University degree and claims handling experience required.
The predicted salary is between 40000 - 50000 £ per year.
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.
Global Specialist Employee and Travel Security (m/f/d)* employer: Munich Re Specialty - Global Markets, UK
As a Global Specialist in Employee and Travel Security, we pride ourselves on fostering a dynamic work environment that prioritises employee well-being and professional growth. Our commitment to continuous learning, coupled with a collaborative culture, ensures that every team member is empowered to excel in their role while contributing to meaningful projects that make a difference. Located in a vibrant area, we offer unique advantages such as flexible working arrangements and access to industry-leading resources, making us an exceptional employer for those seeking a rewarding career in claims management.
Contact Details:
Munich Re Specialty - Global Markets, UK Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Global Specialist Employee and Travel Security (m/f/d)*
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We think you need these skills to ace Global Specialist Employee and Travel Security (m/f/d)*
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 Munich Re Specialty - Global Markets, UK.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re Specialty - Global Markets, UK. 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 Munich Re Specialty - Global Markets, UK
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re Specialty - Global Markets, UK 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 Munich Re Specialty - Global Markets, UK, 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 Munich Re Specialty - Global Markets, UK'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.
