At a Glance
- Tasks: Manage and process claims efficiently while collaborating with a dynamic team.
- Company: Join Ryan Specialty, a leader in insurance solutions with a focus on diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Be part of a supportive team in a fast-paced environment.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: 2-5 years of general insurance experience and strong communication skills.
The predicted salary is between 40000 - 50000 £ per year.
Position Summary
Ryan Specialty Service Capital Management Limited, London, is our internal broker tasked with premium and claims processing for policies issued by Ryan Specialty MGU’s. We are seeking to recruit a senior claims technician responsible for the effective and efficient processing of claims within our Internal Broker function.
Location: London - UK - Fenchurch
Responsibilities
- Manage and maintain Claims in shared mailbox 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
- Update and manage and maintain the claims tracker daily through checking the IMR
- Communicate with Coverholders and binder participants as necessary
- Dealing with and responding to all queries in a timely manner
- Follow up with Velonetic/Xchanging as necessary
- File, manage and maintain all documentation and data entry necessary
- Work alongside the other Senior Claims Technician and claims team by providing support and assistance to complete the work as expected in a timely manner
- Attending meetings and dealing with general ad hoc tasks as required
- Play an active role and 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 / reinsurance claims experience between 2-5 years, ideally within the London Market and knowledge of the London Market procedures
- Knowledge of Xchanging applications is favourable
Senior Claims Technician employer: Ryan Specialty
Ryan Specialty Service Capital Management Limited offers a dynamic and inclusive work environment in the heart of London, where employees are valued for their contributions and encouraged to grow professionally. With a strong focus on teamwork and collaboration, the company provides ample opportunities for career advancement while ensuring a supportive atmosphere that celebrates diversity. Employees benefit from competitive compensation packages and the chance to work within the prestigious London Market, making it an excellent choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Claims Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of claims processing and the London Market. We want you to shine, so practice common interview questions and have examples ready to showcase your experience.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds and show your enthusiasm for the role. It’s a small gesture that can make a big difference.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Ryan Specialty.
We think you need these skills to ace Senior Claims Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Claims Technician role. Highlight your relevant experience in claims management and any specific knowledge of the London Market. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your experience with Xchanging applications and your ability to communicate effectively, as these are key for us.
Showcase Your Attention to Detail:In this role, accuracy is crucial. When filling out your application, double-check for any typos or errors. We appreciate candidates who demonstrate strong attention to detail right from the start!
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, it shows you’re keen on joining our team!
How to prepare for a job interview at Ryan Specialty
✨Know Your Claims Inside Out
Before the interview, brush up on your knowledge of claims processing, especially within the London Market. Be ready to discuss specific examples from your past experience that demonstrate your ability to manage and process claims efficiently.
✨Show Off Your Spreadsheet Skills
Since strong spreadsheet skills are crucial for this role, prepare to showcase your proficiency. Bring examples of reports or analyses you've created in the past, and be ready to discuss how you use spreadsheets to maintain accuracy and attention to detail.
✨Communicate Like a Pro
Effective communication is key in this position. Practice articulating your thoughts clearly and concisely. Think about how you would explain complex claims processes to someone unfamiliar with the industry, as this will demonstrate your ability to communicate with Coverholders and TPA’s.
✨Be a Team Player
Highlight your experience working collaboratively in a team environment. Prepare examples of how you've supported colleagues in the past, especially in high-pressure situations, to show that you're not just a lone wolf but someone who contributes to the team's success.
