At a Glance
- Tasks: Handle and manage complex claims while collaborating with experienced colleagues.
- Company: Join Starr, a global leader in commercial insurance with a supportive culture.
- Benefits: First-class training, career growth opportunities, and an inclusive work environment.
- Other info: Dynamic workplace with a focus on innovation and employee development.
- Why this job: Develop your skills in Financial Lines and make a real impact on client relationships.
- Qualifications: Knowledge of Professional Indemnity and strong communication skills.
The predicted salary is between 40000 - 50000 £ per year.
Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Role Purpose
This is an excellent opportunity for someone who is looking to develop their career in Financial Lines with an ability to work alongside experienced colleagues, gaining exposure to high-value and international claims while building their technical expertise and stakeholder management skills.
Key Responsibilities
- Handle claims arising from Professional Indemnity class along with some exposure to Directors and Officers, Financial Institutions and Cyber.
- Support the development and execution of claim strategies, including investigation, reserving and resolution.
- Handle a portfolio of claims within delegated authority, with appropriate oversight.
- Liaise with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
- Support negotiations and settlements, including involvement in discussions on coverage and quantum.
- Maintain accurate and timely claims records, including use of claims systems and documentation.
- Assist with large loss reporting and internal updates.
- Contribute to delivering a high standard of claims service to clients and stakeholders.
- Collaborate with underwriting and other internal teams as required.
- Continuously develop technical knowledge and understanding of relevant classes of business.
Qualifications, skills and experience
Essential
- Knowledge of Professional Indemnity class of business.
- Ability to handle a portfolio of claims within delegated authority, with appropriate oversight.
- Liaison with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
- Support negotiations and settlements, including involvement in discussions on coverage and quantum.
- Maintain accurate and timely claims records, including use of claims systems and documentation.
- Assist with large loss reporting and internal updates.
- Contribute to delivering a high standard of claims service to clients and stakeholders.
- Collaborate with underwriting and other internal teams as required.
- Continuously develop technical knowledge and understanding of relevant classes of business.
Desirable
- Exposure to complex claims across relevant lines of business.
- Knowledge of Directors and Officers, Financial Institutions and Cyber.
- Familiarity with claims systems (e.g. ECF, Docosoft).
- Progress towards, or interest in pursuing, ACII (or equivalent professional qualification).
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Claims Adjuster - Financial Lines employer: Starr Companies
At Starr, located in the heart of London, we pride ourselves on fostering an entrepreneurial culture that empowers our employees to innovate and make impactful decisions. With a strong commitment to professional development, we offer first-class training opportunities and a collaborative work environment where you can grow your career in Financial Lines while handling high-value international claims. Join us to be part of a rapidly growing company that values inclusivity and invests in its people, ensuring you have the tools and support needed to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Adjuster - Financial Lines
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to current employees at Starr. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interview by researching common questions for Claims Adjusters. Think about how your experience aligns with the role and be ready to discuss specific examples. Confidence is key, so practice makes perfect!
✨Show Your Passion
When you get the chance to chat with potential employers, let your enthusiasm for the role shine through. Talk about why you're excited about working in Financial Lines and how you can contribute to Starr's success.
✨Apply Through Our Website
Don't forget to apply directly through our website! It shows you're serious about the opportunity and gives us a chance to see your application in the best light. Plus, it’s super easy!
We think you need these skills to ace Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Adjuster role. Highlight your experience with Professional Indemnity and any relevant claims handling skills. We want to see how your background aligns with 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 passionate about the role and how you can contribute to our team at Starr. Keep it concise but impactful – we love a good story!
Showcase Your Skills:In your application, don’t forget to showcase your technical knowledge and any experience with claims systems. We’re keen on seeing how you can handle complex claims and support negotiations effectively.
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’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Starr Companies
✨Know Your Claims Inside Out
Before the interview, make sure you brush up on your knowledge of Professional Indemnity and other relevant classes like Directors and Officers. Be ready to discuss specific claims scenarios and how you would handle them, as this shows your understanding of the role and its complexities.
✨Showcase Your Negotiation Skills
Since negotiations are a key part of the job, prepare examples from your past experiences where you successfully negotiated settlements or resolved disputes. This will demonstrate your ability to handle challenging situations and work effectively with clients and brokers.
✨Familiarise Yourself with Claims Systems
If you have experience with claims systems like ECF or Docosoft, be sure to mention it. If not, do a bit of research to understand how these systems work. Showing that you're tech-savvy and willing to learn can set you apart from other candidates.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and the types of claims you’ll be handling. This not only shows your interest in the role but also helps you gauge if the company is the right fit for you.
