Assistant Claims Manager - Marine in London

Assistant Claims Manager - Marine in London

London Full-Time 49500 - 60500 £ / year (est.) Home office (partial)
Tokio Marine HCC

At a Glance

  • Tasks: Manage marine claims operations and support team development in a dynamic environment.
  • Company: Join Tokio Marine HCC, a leading specialty insurer with a focus on innovation.
  • Benefits: Enjoy a competitive salary, employee benefits, and a hybrid working model.
  • Other info: Opportunity for travel and involvement in process improvement initiatives.
  • Why this job: Make an impact in the insurance industry while growing your career with us.
  • Qualifications: 5-7 years of marine claims experience and strong leadership skills required.

The predicted salary is between 49500 - 60500 £ per year.

Reporting to: Head of Marine Claims

Direct Reports: 2 direct reports initially (this may increase over time)

Position Type: Permanent, Working Arrangement: Hybrid: 3 days in the office 2 working from home

Overview:

Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

To support the Head of Marine Claims in the effective management of marine claims operations, ensuring high service standards, efficient claims handling, regulatory compliance, and achievement of departmental objectives.

Key Responsibilities:

  • Manage the day-to-day operation of the marine claims team.
  • Work closely with the Marine Underwriting Teams.
  • Monitor claims workloads and resource allocation.
  • Supervise claims handlers and support staff.
  • Ensure adherence to service standards, KPIs, and SLAs.
  • Review claims reserves and settlement recommendations within delegated authority.
  • Handle and escalate technical, complex, or high-value matters in accordance with referral procedures.
  • Support staff development, coaching, and performance management.
  • Produce management information and reports.
  • Assist with process improvement initiatives and projects.
  • Ensure compliance with company policies, regulatory requirements, and delegated authorities.
  • Manage customer, broker and TPAs service issues and operational escalations.

Skills and Experience Specification:

Essential:

  • Ideally 5 to 7 years’ experience handling marine claims, with the technical judgement to assess complex, technical, or high-value matters and escalate appropriately in line with referral procedures.
  • Excellent understanding of claims reserving, settlement recommendations, delegated authority requirements, and effective claims governance.
  • Experience supervising, mentoring, or coaching claims colleagues.
  • Ability to manage day-to-day team operations, including workload monitoring, resource allocation, service standards, KPIs, and SLAs.
  • Excellent stakeholder management and communication skills, with the ability to work effectively with customers, brokers, third-party administrators, internal teams, and senior stakeholders.
  • Sound awareness of regulatory, company policy, and delegated authority requirements relevant to claims operations.
  • Ability to produce clear management information, reports, and operational updates to support decision-making.
  • Willingness and ability to travel to the US and Europe approximately two to three times per year.

Desirable:

  • Experience handling US marine claims.
  • Previous experience managing a team.
  • Experience contributing to process improvement initiatives, operational projects, or service enhancement activity.

What We Offer:

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.

Assistant Claims Manager - Marine in London employer: Tokio Marine HCC

Tokio Marine HCC is an exceptional employer located in Bridgend, offering a dynamic work environment where employees can thrive and develop their skills in the insurance sector. With a strong emphasis on teamwork and professional growth, we provide comprehensive training and support, ensuring that our staff are well-equipped to excel in their roles. Our commitment to maintaining high service standards fosters a culture of excellence, making it a rewarding place for motivated individuals to build their careers.

Tokio Marine HCC

Contact Details:

Tokio Marine HCC Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Assistant Claims Manager - Marine in London

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

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Look Out for Graduate Schemes

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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tokio Marine HCC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Assistant Claims Manager - Marine in London

Marine Claims Handling
Claims Reserving
Technical Judgement
Supervision and Mentoring
Workload Monitoring
Resource Allocation
Stakeholder Management

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tokio Marine HCC.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Tokio Marine HCC

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Tokio Marine HCC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Tokio Marine HCC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.