At a Glance
- Tasks: Evaluate and manage property claims while ensuring compliance with company standards.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for growth.
- Why this job: Make an impact in a fast-growing company with a commitment to diversity and development.
- Qualifications: A-Level education and a passion for learning about the insurance industry.
- Other info: Remote work options available; we value your unique perspective!
The predicted salary is between 21600 - 36000 £ 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 assess and evaluate the recoverability of all Property claims on policies underwritten by the Company whilst operating in line with the claims procedures guidelines and general compliance/regulatory and Company procedures and provide accurate and timely claims data to underwriters as may be required.
Roles and Responsibilities
- Handle claims in line with Starr and Lloyd’s Minimum Standards and your letter of authority;
- Process Electronic Claim Files (ECF) and Settle Direct claims via DOCOsoft and in line with Starr and Lloyd’s Minimum Standards;
- Effective management of claims outcomes, including reporting to and sign off by the Claims Manager and or Senior Claims Adjuster, where appropriate;
- Produce ad-hoc claims reports and statistical support to Claims Managers and Underwriters as may be required;
- Take ownership of the weekly/monthly/quarterly reporting and other ad hoc reports as may be required;
- Follow up of direct/manual fees;
- Ensure Coverholder BDX submissions are processed on time and ensure any claims in excess of the delegated authority have been approved;
- 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;
- Assist with reviewing loss fund adequacy and pursue recovery of loss funds on prior years where appropriate;
- Assist CST where required to ensure that claims errors/warnings for Syndicate Claims Messages (SCMs) and Underwriter Settlement Messages (USMs) are cleared by each month end;
- Assist CST where required to ensure that claims errors/warnings for LIMCLM are cleared by each month end;
- Monitor and manage ECF/Lirma incompletes.
Experience
- Knowledge of Lloyd\’s and London Market processing arrangements for claims.
Skills
- Excellent numeracy skills.
Systems & IT
- MS Office – Excel, Word, PowerPoint and Outlook;
- Eclipse;
- DOCOsoft;
- Electronic Claim File (ECF).
Qualifications
- Educated to A-Level standard;
- Works towards CII.
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.
#J-18808-Ljbffr
Junior Claims Adjuster - Property employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Claims Adjuster - Property
✨Tip Number 1
Familiarise yourself with the Lloyd's and London Market processing arrangements for claims. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your numeracy skills, as they are crucial for a Junior Claims Adjuster. Consider practicing with real-world data sets or financial scenarios to showcase your analytical abilities during discussions.
✨Tip Number 3
Get comfortable with the software mentioned in the job description, such as DOCOsoft and Electronic Claim File (ECF). If you can demonstrate proficiency in these tools, it will set you apart from other candidates.
✨Tip Number 4
Network with professionals in the insurance industry, especially those who work in claims. Engaging with them can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
We think you need these skills to ace Junior Claims Adjuster - Property
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Junior Claims Adjuster position. Understand the key responsibilities and required skills, such as knowledge of Lloyd's and London Market processing arrangements.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your numeracy skills and any experience with claims processing or insurance, particularly in relation to property claims.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention why you are interested in Starr Insurance Companies and how your background makes you a suitable candidate for the Junior Claims Adjuster position.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial in the claims adjusting field.
How to prepare for a job interview at Starr Underwriting
✨Understand the Company and Its Values
Before your interview, take some time to research Starr Insurance Companies. Familiarise yourself with their history, values, and the services they offer. This will not only help you answer questions more effectively but also show your genuine interest in the company.
✨Demonstrate Your Numeracy Skills
As a Junior Claims Adjuster, strong numeracy skills are essential. Be prepared to discuss your experience with numbers and data analysis. You might even be asked to solve a numerical problem during the interview, so brush up on your basic maths skills.
✨Familiarise Yourself with Claims Procedures
Make sure you understand the claims procedures and guidelines that Starr follows. Being able to discuss these processes confidently will demonstrate your readiness for the role and your ability to adhere to compliance and regulatory standards.
✨Prepare Questions for Your Interviewers
Interviews are a two-way street. Prepare thoughtful questions about the role, team dynamics, and growth opportunities within the company. This shows that you are proactive and genuinely interested in how you can contribute to Starr's success.