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- Tasks: Manage claims efficiently and provide top-notch service to customers.
- Company: Join a leading insurance firm committed to diversity and inclusion.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and collaboration.
- Why this job: Make a real difference in the insurance industry while developing your skills.
- Qualifications: Basic understanding of insurance principles and a willingness to learn.
The predicted salary is between 30000 - 40000 £ per year.
Location: London city office (hybrid, 2-3 days per week in office).
You will take a proactive approach to the management of claims and provide a quality claims service, paying valid claims promptly and setting reserves at expected ultimate cost, effectively, efficiently, consistently, accurately and in a timely manner, while accounting for applicable regulatory requirements.
Responsibilities
- General claims administration
- Daily event coding of SCM messages including analysis and entry of bordereaux where necessary.
- Reconciliation of Service Company statistics and Roanoke payments.
- Major loss reporting and tracking.
- Static claims.
- Diary chasing.
- Technical processing corrections.
- Investigations of outstanding TBAs, nil reserves and aged incompletes.
- Attending meetings, both internal and external, and taking minutes where required.
- Any filing, photocopying or scanning for the Claims Team as and when required.
- Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders.
- 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.
Knowledge and Skills
- Understanding of Underlying Principles of Insurance, Legal Principles, FCA and rules and regulations, Lloyds regulations.
- Basic knowledge of market systems.
- Basic knowledge of market strategies.
- All firm specific procedures that relate to own role.
- Develop understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm.
- Willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm.
- Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi‑dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
Junior Claims Administrator in London employer: myGwork - LGBTQ+ Business Community
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Claims Administrator in London
✨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 values, especially around Diversity, Equity, and Inclusion. Show them you’re not just a fit for the role, but also for their culture.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. We want you to sound confident and genuine, so don’t just memorise – make it your own!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Junior Claims Administrator in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Junior Claims Administrator role. Highlight any relevant experience or skills that match the job description, like claims management or knowledge of insurance principles. We want to see how you fit into our team!
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 your background makes you a great fit. Don’t forget to mention your understanding of regulatory requirements and your proactive approach to claims management.
Showcase Your Attention to Detail: In claims administration, accuracy is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work, as it reflects the quality service we aim to provide at StudySmarter.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the info you need about the position and our company culture there!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Claims Inside Out
Make sure you brush up on the basics of claims administration and the underlying principles of insurance. Familiarise yourself with relevant regulations, like FCA rules and Lloyds regulations, as these will likely come up during your interview.
✨Show Your Analytical Skills
Since the role involves daily event coding and reconciliation of statistics, be prepared to discuss your analytical skills. Bring examples of how you've successfully managed data or resolved discrepancies in past roles, even if they were in different fields.
✨Demonstrate Your Team Spirit
This position requires collaboration with various teams. Be ready to share experiences where you worked effectively within a team, attended meetings, or contributed to group projects. Highlight your ability to take minutes and follow up on action points.
✨Embrace Diversity and Inclusion
Familiarise yourself with the company's commitment to diversity, equity, and inclusion. Be prepared to discuss how you can contribute to a diverse workplace and why it matters to you. This shows that you align with their values and are ready to be part of their culture.