At a Glance
- Tasks: Manage complex, high-value claims in Financial Lines and lead negotiation strategies.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Be part of a passionate team with exposure to diverse markets and products.
- Why this job: Make an impact in a dynamic industry while supporting clients and mentoring others.
- Qualifications: Experience in handling large claims and strong collaboration skills required.
The predicted salary is between 60000 - 80000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
Key Responsibilities
- Manage a portfolio of complex, high-value claims arising from all classes of Financial Lines, including Professional Indemnity, Directors and Officers, Financial Institutions and Cyber.
- Lead the claim strategy, including investigation, reserving, expert appointment, and resolution approach within an agreed authority.
- Lead negotiations on contentious claims, including coverage and quantum disputes, through to settlement or closure.
- Deliver clear and timely large loss reporting to senior management.
- Act as a key point of contact for brokers and clients.
- Attend and present at market events, promoting the Starr brand.
- Build and maintain strong relationships, along with collaborating with Underwriters to support client retention and new business opportunities.
- Support Underwriters with wording reviews and the development of new products.
- Support and mentor junior colleagues, demonstrating good leadership and acting as a technical referral point within the team.
Qualifications, skills and experience
- In depth knowledge of all Financial Lines products.
- Proven experience handling large and complex claims.
- Experience operating in ‘lead’ position and able to contribute to and influence strategy.
- Experience managing large loss reporting and presenting to senior management.
- Ability to deliver a high standard of claims service to clients and stakeholders.
- Strong collaboration skills with underwriting and other internal teams as required.
- Continuous development of technical knowledge and understanding of relevant classes of business.
- Exposure to complex claims across relevant lines of business.
- Familiarity with claims systems (e.g. ECF, Docosoft).
- Progress towards, or interest in pursuing, ACII (or equivalent professional qualification).
Senior Claims Adjuster - Financial Lines employer: Starr
Contact Detail:
Starr Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - Financial Lines
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Financial Lines. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of complex claims and Financial Lines products. We want you to showcase your expertise and how you can lead claim strategies effectively.
✨Tip Number 3
Don’t just wait for job postings! Be proactive and reach out directly to companies like Starr. Express your interest in their work and how you can contribute to their success in managing high-value claims.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company.
We think you need these skills to ace Senior Claims Adjuster - Financial Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Claims Adjuster role. Highlight your experience with Financial Lines and any large, complex claims you've handled. 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 passionate about joining Starr and how your background aligns with our mission. We love seeing enthusiasm and a personal touch.
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Did you lead a successful negotiation or improve a process? We want to know how you made an impact in your previous roles!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Starr
✨Know Your Financial Lines Inside Out
Make sure you brush up on your knowledge of Financial Lines products, especially Professional Indemnity and Directors and Officers. Be ready to discuss specific cases you've handled and how you approached complex claims.
✨Showcase Your Leadership Skills
Since the role involves leading claim strategies and mentoring junior colleagues, prepare examples that highlight your leadership experience. Think about times when you influenced strategy or resolved contentious claims effectively.
✨Prepare for Negotiation Scenarios
Anticipate questions around negotiation tactics, especially regarding coverage and quantum disputes. Practise articulating your approach to reaching settlements and how you maintain strong relationships with brokers and clients.
✨Demonstrate Your Collaborative Spirit
Collaboration is key in this role, so be ready to discuss how you've worked with underwriters and other teams in the past. Highlight any successful projects where teamwork led to client retention or new business opportunities.