At a Glance
- Tasks: Support technical claims processing and shape the function in a dynamic team.
- Company: Join a forward-thinking company committed to diversity and inclusion.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Exciting opportunity to work in the heart of London with career advancement potential.
- Why this job: Be part of a new team and make a real impact in the insurance industry.
- Qualifications: 2-5 years of general insurance claims experience and strong communication skills.
The predicted salary is between 35000 - 45000 £ per year.
We are looking for the first person to join this newly formed part of our London team. This individual will support the technical claims processing across our broking team and help to shape the function moving forward.
Location: London - UK - Fenchurch
What will your job entail?
- Manage and maintain Claims daily
- Review, reconcile and process new claims notifications, claim updates and invoices as well as monthly bordereau for various Coverholders and TPA’s
- Ensure all claims are attributable to the correct parties and year of account
- Review, reconcile and maintain all reserves and fees accordingly
- Communicate with Coverholders and TPA’s to verify and obtain information where necessary
- Claims management and communications to all non-bureau markets
- Claims management, maintenance and processing to Lloyd’s of London and Company Markets, through CLASS or Brokasure via Velonetic/XIS systems
- File, manage and maintain all documentation and data entry necessary
- To play an active role and to undertake other reasonable duties if required, to ensure the department operates efficiently
Skills and Attributes:
- Good mathematic and administrative skills & strong spreadsheet skills with excellent levels of accuracy and attention to detail
- Able to communicate effectively with others, both verbally and in writing
- Motivational skills, team player as well as working on own initiative
- Ability to manage time, meet deadlines and prioritise
- General insurance claims experience between 2-5 years, ideally within a London market broking house and knowledge of the London Market procedures
- Knowledge of Xchanging applications is favorable
Claims Broker Technician employer: Ryan Specialty
At Ryan Specialty, we pride ourselves on being an exceptional employer, particularly for the Claims Broker Technician role in our dynamic London team. Our inclusive work culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth and development. Located in the heart of London, we offer a vibrant environment where your contributions are valued, and you can play a pivotal role in shaping our claims processing function.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Broker Technician
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Ryan Specialty). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Ryan Specialty. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Claims Broker Technician
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 Ryan Specialty.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ryan Specialty. 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 Ryan Specialty
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ryan Specialty 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 Ryan Specialty, 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 Ryan Specialty'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.
