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- Tasks: Support broking and processing of Binding Authority and Open Market Claims.
- Company: Join a leading global insurance broker with a unique business model and entrepreneurial culture.
- Benefits: Enjoy opportunities for career growth, tailored learning programs, and a commitment to diversity and inclusion.
- Why this job: Be part of an innovative team that values your contributions and empowers your career development.
- Qualifications: Experience in London Market reinsurance claims and proficiency in OpenTWINS required.
- Other info: Contact Louie York at Vallum Associates for more details.
The predicted salary is between 43200 - 72000 £ per year.
Senior Reinsurance Claims Technician
Reporting to the London Head of Claims, the primary role will involve providing support in the broking and processing of Binding Authority and Open Market Claims. The role requires claims processing experience with good knowledge of Xchanging Claims systems and processes. The successful candidate will analyse and evaluate claims data reported by Insureds, Coverholders, and External Vendors, including TPAs, for processing according to contract terms and guidelines while following established company procedures.
Requirements:
- Review claim bordereaux to ensure integrity and completeness of the data before reporting.
- Review referrals and notices to ensure data integrity and completeness before reporting.
- Process claim bordereaux, referrals, and cash calls through Xchanging using the Electronic Claims File (ECF) system and enter claims information into OpenTWINS promptly and accurately.
- Collaborate with Finance and Operations to ensure timely payment of claims bordereaux and cash calls and provide updates on settlement timelines.
Responsibilities:
- Extensive London Market reinsurance claims experience.
- Proficiency in using OpenTWINS.
- Strong interpersonal and communication skills.
- Analytical mindset with effective problem-solving abilities.
About Our Client:
They are an integrated team of insurance and reinsurance specialists with extensive experience and expertise across global markets and sectors. They develop a deep understanding of industry-specific challenges to provide innovative, value-driven solutions. Our capabilities include placement facilitation, including open market, delegated authorities, MGAs, and facultative reinsurance.
The organization has grown rapidly to become one of the largest insurance brokers globally, with ambitious plans for further growth. A unique business model, ownership structure, and entrepreneurial culture have positioned us as a leader in the industry.
Our Client’s Ethos:
They are committed to empowering our people. As a flat-structured organization, they value individuals for their contributions and potential. They provide resources and opportunities to shape and grow your career.
They are dedicated to fostering a culture of equality, diversity, and inclusion, knowing that teams and solutions are strengthened by different perspectives. Through a structured learning academy, they offer tailored courses, learning programs, and professional development resources to support personal and professional growth. By investing in their employees, they invest in the businesses collective success.
If this role is of interest, get into contact with Louie York at Vallum Associates on the following details:
E: Lyork@vallumassociates.com
DD: +44 204 513 6437
Mob: +44 7932 585269
Senior Reinsurance Claims Technician employer: Vallum Associates
Contact Detail:
Vallum Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Claims Technician
✨Tip Number 1
Familiarize yourself with the Xchanging Claims systems and processes, as this is crucial for the role. Consider reaching out to current or former employees in similar positions to gain insights into their experiences and best practices.
✨Tip Number 2
Highlight your analytical skills during networking opportunities. Engage in discussions about claims data analysis and problem-solving strategies to demonstrate your expertise and interest in the field.
✨Tip Number 3
Connect with professionals in the London Market reinsurance sector through LinkedIn or industry events. Building relationships can provide valuable information about job openings and company culture.
✨Tip Number 4
Stay updated on industry trends and challenges related to reinsurance claims. This knowledge will not only help you in interviews but also show your commitment to the field and the organization’s ethos of innovation.
We think you need these skills to ace Senior Reinsurance Claims Technician
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Reinsurance Claims Technician position. Understand the key responsibilities and requirements, especially regarding claims processing experience and knowledge of Xchanging Claims systems.
Highlight Relevant Experience: In your CV and cover letter, emphasize your extensive London Market reinsurance claims experience. Provide specific examples of how you've successfully processed claims and used OpenTWINS or similar systems.
Showcase Analytical Skills: Demonstrate your analytical mindset and problem-solving abilities in your application. Mention any relevant projects or situations where you effectively analyzed claims data or resolved issues.
Tailor Your Application: Customize your CV and cover letter to reflect the ethos of the company. Highlight your commitment to equality, diversity, and inclusion, and express your enthusiasm for personal and professional growth opportunities.
How to prepare for a job interview at Vallum Associates
✨Know Your Claims Processes
Make sure you have a solid understanding of the claims processing systems, especially Xchanging and OpenTWINS. Be prepared to discuss your previous experiences with these systems and how you've used them to manage claims effectively.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical mindset. You might be asked to evaluate sample claims data or discuss how you would approach problem-solving in complex claims scenarios. Highlight any specific examples from your past work.
✨Highlight Interpersonal Skills
Since collaboration with Finance and Operations is key, be ready to talk about your communication style and how you build relationships with colleagues. Share examples of successful teamwork in your previous roles.
✨Understand the Company Culture
Research the company's ethos around equality, diversity, and inclusion. Be prepared to discuss how you align with these values and how you can contribute to fostering a positive workplace culture.
