At a Glance
- Tasks: Manage and adjust complex claims in renewable energy and other diverse portfolios.
- Company: Join a leading market team promoting positivity, inclusion, and continuous improvement.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Other info: Dynamic environment with strong career growth and learning opportunities.
- Why this job: Make a real impact in the evolving field of renewable energy claims.
- Qualifications: Significant claims handling experience and relevant professional qualifications required.
The predicted salary is between 60000 - 80000 € per year.
This is an important role in our growing Specialty, Property & Casualty London Market portfolio handling claims in a diverse and complex claims portfolio arising from (inter alia) our Renewable Energy, Casualty (US and International), Liability (Marine and Energy), Space, Political Risks & Credit, and Political Violence & Terrorism. This role will be primarily responsible for Green Solutions/ Renewable Energy claims, supporting other lines of business within the portfolio as needed.
The Senior Claims Adjuster will be part of a leading market team which promotes a culture of diligence, curiosity, positivity and inclusion within the organisation. They will be expected to take a proactive approach to the management of claims and to provide a quality claims service, which pays valid claims promptly and sets reserves in line with our reserving philosophy whilst taking account of applicable regulatory requirements. This individual will take the lead on continuous improvements in the reserving and settlement process of losses in collaboration with other key stakeholders.
Responsibilities- Manage and adjust proactively inwards claims within your portfolio with respect to investigation, assessment, reserving, expense/ vendor management, and settlement in accordance with Claims guidelines and best practices.
- Formulate strategy on high exposure, litigated, coverage, and complex claims to ensure optimal claim outcome and timely escalation.
- Ensure the accuracy of financials for claims within your responsibility, including suitable and timely reserves.
- Identify, report on and present key claim issues, large or complex claims, claim trends and product improvement recommendations to internal and external stakeholders.
- Ensure relevant records are made and kept in accordance with Claims guidelines and best practices.
- Work collaboratively and help develop strong business relationships with a wide array of internal and external partners to strengthen the business through market meetings, thought leadership and best-in-class service.
- Manage and provide assistance with delegation and/or International Distribution Companies as needed.
- Model and promote a culture of positivity, inclusion, and continuous improvement to maximum employee engagement.
- Mentor and develop colleagues ensuring opportunities to continually progress and reach their full potential.
- Assist in the handling of complaints and any other regulatory matter as per Munich Re guidelines.
- Proactively participate in initiatives, projects and other tasks related to the role and business when required.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
- Significant relevant professional experience.
- Relevant professional qualification(s).
- Proven claims handling experience within the applicable business classes.
- 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 your line manager in a timely manner.
- Good knowledge and understanding of claims within authority level.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Senior Claims Adjuster, Energy & Complex Risk Claims 1 in London employer: Munich Re
As a Senior Claims Adjuster in our dynamic London Market team, you will thrive in a culture that champions diligence, curiosity, and inclusion. We offer a supportive work environment with ample opportunities for professional growth, where your contributions to managing complex claims in the Renewable Energy sector will be valued. Join us to be part of a forward-thinking organisation that prioritises employee engagement and continuous improvement, ensuring you can reach your full potential while making a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Adjuster, Energy & Complex Risk Claims 1 in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. The more connections we have, the better our chances of landing that Senior Claims Adjuster role.
✨Tip Number 2
Prepare for interviews by researching the company and its claims processes. We should be ready to discuss how our experience aligns with their needs, especially in Renewable Energy and complex claims.
✨Tip Number 3
Showcase our proactive approach! During interviews, highlight examples where we've successfully managed claims or improved processes. This will demonstrate our fit for the role and the culture they promote.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, it shows we’re genuinely interested in being part of the team.
We think you need these skills to ace Senior Claims Adjuster, Energy & Complex Risk Claims 1 in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your relevant experience in claims handling, especially in areas like Renewable Energy and complex claims. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you embody our culture of positivity and inclusion. Let us know how you can contribute to our team!
Showcase Your Proactive Approach:In your application, emphasise your proactive approach to claims management. Share examples of how you've successfully handled complex claims or improved processes in the past. We love candidates who take initiative!
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
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of claims handling, especially in the areas of Renewable Energy and complex risks. Be prepared to discuss specific cases you've managed and how you approached them, as this will show your expertise and proactive approach.
✨Showcase Your Collaborative Spirit
This role emphasises teamwork and building strong relationships. Think of examples where you've successfully collaborated with internal and external partners. Highlight how you’ve contributed to a positive culture and continuous improvement in previous roles.
✨Be Ready for Technical Questions
Expect questions about insurance principles, FCA rules, and Lloyd’s regulations. Brush up on these topics and be ready to explain how they apply to your work. This will demonstrate your sound business knowledge and understanding of the industry.
✨Prepare for Scenario-Based Questions
You might be asked to formulate strategies for high exposure or litigated claims. Prepare by thinking through potential scenarios and how you would handle them. This shows your ability to think critically and strategically under pressure.
