At a Glance
- Tasks: Support claims processing and ensure data accuracy while managing reports and documentation.
- Company: Join Starr Insurance, a global leader in insurance and investment.
- Benefits: Competitive salary, inclusive culture, and top-notch training opportunities.
- Other info: Great career growth potential in a supportive environment.
- Why this job: Be part of a dynamic team making a real impact in the insurance industry.
- Qualifications: Strong attention to detail and willingness to learn about claims processes.
The predicted salary is between 30000 - 40000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
To support the Claims function with administrative services, including London and Europe. Ensure the accuracy of claims data in line with the claims manual and general compliance with regulatory and Company procedures.
Roles and Responsibilities
- Take ownership of the weekly/monthly/quarterly reporting and other ad hoc reports.
- Manage claims processing in line with Starr and Lloyd’s Minimum Standards and your letter of authority or if authority has been granted by an appropriate manager.
- Ensure the DOCOsoft workflow, including diaries, are proactively managed and claims recorded accurately. Ensure all relevant documentation is attached to each transaction and use comprehensive notes, outlining the current status and next steps, in order to enhance claims outcomes and reduce static claims.
- Processing and management of settled direct claims, including diaries, on DOCOsoft.
- SCM/USM daily processing and ensuring that all incorrect allocation of premium signings are brought to the attention of the UW Ops department for correction by XCS.
- Correction of any claim signings that have followed the premium signing into suspense.
- Processing of manual bridging reserves each quarter close and then the reconciliation and removal of them once the account has been updated.
- Follow up of direct/manual fees.
- Reviewing loss fund adequacy and manage recovery of loss funds on prior years.
- Upload of bordereaux’s to DOCOsoft as appropriate.
- Monitor and manage ECF/Lirma incompletes.
- General administrative support on diary/static/fee follow up for all Complex Claims adjusters during busy periods of holiday cover.
- Other Ad Hoc administrative projects that come into the CST.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
- Operate within the Company’s standards for Treating Customers Fairly as per the Consumer Duty regulatory requirements.
- Manage any potential conflicts of interest to avoid disrepute to the Company’s integrity.
- Advise Compliance and Management of any complaints immediately.
Performance measures
- Accuracy of data entry – Claims data, Management Information and SCM’s/USM’s.
- Accuracy of producing reports.
- Commitment to furthering technical knowledge and understanding.
- Complete, timely and accurate performance records, via Workday.
- Advise Compliance and Claims Manager of any complaints immediately.
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 Administrative Assistant in London employer: Starr Companies
Starr Insurance Companies is an exceptional employer located in the heart of London, offering a dynamic work environment that fosters professional growth and development. With a strong commitment to inclusivity and merit-based advancement, employees benefit from first-class training opportunities and a supportive culture that values each individual's contributions. Joining Starr means being part of a rapidly growing global organisation where your efforts directly impact the success of our claims operations.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Administrative Assistant in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working at Starr. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Research Starr Insurance Companies and understand their claims process. This will show you're genuinely interested and ready to contribute.
✨Tip Number 3
Practice common interview questions related to claims administration. Think about how your skills align with the role and be ready to share examples of your past experiences.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re keen on being part of the Starr team!
We think you need these skills to ace Claims Administrative Assistant in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Claims Administrative Assistant role. Highlight relevant experience and skills that match the job description, like your attention to detail and any previous administrative roles you've had.
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 your background makes you a great fit. Don’t forget to mention your understanding of claims processes and compliance!
Showcase Your Skills:In your application, be sure to showcase your organisational skills and ability to manage multiple tasks. Mention any experience with data entry or reporting, as these are key aspects of the job.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us, making it easier for us to review your details!
How to prepare for a job interview at Starr Companies
✨Know Your Claims Inside Out
Familiarise yourself with the claims process and the specific responsibilities of a Claims Administrative Assistant. Understand the importance of accuracy in data entry and reporting, as this will likely come up during your interview.
✨Showcase Your Organisational Skills
Be prepared to discuss how you manage multiple tasks and prioritise effectively. Think of examples from your past experiences where you successfully handled administrative duties, especially in a busy environment.
✨Demonstrate Compliance Awareness
Since compliance is crucial in this role, brush up on relevant regulations and standards. Be ready to explain how you would ensure adherence to company policies and regulatory requirements in your daily tasks.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the team dynamics, training opportunities, and how success is measured in the role. This shows your genuine interest in the position and the company.