At a Glance
- Tasks: Lead the Claims Oversight team to enhance claims performance and management across Lloyd's.
- Company: Lloyd's is the world's leading insurance marketplace, fostering collaboration for a braver future.
- Benefits: Enjoy flexible working, generous pension, healthcare, and support for training and development.
- Other info: This role promotes a culture of continuous improvement and collaboration within the Lloyd's market.
- Why this job: Join a diverse team dedicated to innovation and making a positive impact in the insurance industry.
- Qualifications: Proven experience in claims, audit, or operations with strong leadership skills required.
The predicted salary is between 43200 - 72000 Β£ per year.
Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.
Newly created position to lead the Claims Oversight team in its pursuit of raising performance of our members and elevating the status of Claims in the Lloyd's market. This is a leadership role ensuring that claims management is at the centre of all Lloyd's businesses and operating in line with the principles of doing business at Lloyd's. You will need a proven track record in managing external entities; overseeing their end to end process and performance. You could be from a Claims, Delegated Authority, Audit or Operations background.
Key accountabilities of this role:
- Oversee the Claims Oversight Team to ensure that Managing Agents (MAs) provide a claims service that meets Lloyd's expectations, supports syndicate performance and a culture of continuous improvement.
- Make considered and risk-based decisions, ensuring that the right outcomes are achieved through effective oversight and collaboration with the wider Lloyd's team.
- Develop and promote a 'best in class' approach to Claims management.
- Oversee and monitor MAs' adherence to the Lloyd's Claims Principles, identifying and addressing potential claims performance risks, proactively intervening and escalating issues.
- Communicate the results of qualitative assessments, fostering open and constructive dialogue.
- Utilize claims management information and data to elevate overall performance.
- Collaborate and provide quality assurance for claims-related reviews and thematic work.
- Provide internal reporting on a timely basis on behalf of Claims Oversight Team.
- Design, implement and maintain a structured engagement model that promotes effective working relationships with senior management at MAs, the Corporation, brokers and market representative groups.
Reporting to the Claims Director of Lloyd's, this role forms part of the claims leadership team that have a vital part to play in the strategic and operational delivery of oversight to the market.
Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Head of Claims Oversight employer: VERCIDA
Lloyd's is an exceptional employer, offering a dynamic work culture that prioritises bravery, collaboration, and integrity. With a strong commitment to diversity and inclusion, employees benefit from flexible working arrangements, comprehensive health and wellbeing programmes, and robust professional development opportunities. Joining Lloyd's means being part of a forward-thinking team dedicated to building a sustainable and resilient future in the insurance and reinsurance marketplace.
StudySmarter Expert Adviceπ€«
We think this is how you could land Head of Claims Oversight
β¨Tip Number 1
Familiarise yourself with Lloyd's Claims Principles and the overall claims management framework. Understanding these principles will help you demonstrate your alignment with their values during discussions.
β¨Tip Number 2
Network with current or former employees in similar roles to gain insights into the company culture and expectations. This can provide you with valuable information that can be used to tailor your approach in interviews.
β¨Tip Number 3
Prepare to discuss your experience in managing external entities and overseeing performance metrics. Be ready to share specific examples of how you've improved processes or outcomes in previous roles.
β¨Tip Number 4
Showcase your leadership skills by highlighting any experience you have in fostering collaboration and continuous improvement within teams. This is crucial for a role that involves overseeing the Claims Oversight Team.
We think you need these skills to ace Head of Claims Oversight
Some tips for your application π«‘
Understand the Role:Before applying, make sure you fully understand the responsibilities and expectations of the Head of Claims Oversight position. Familiarise yourself with Lloyd's values and how they align with your own experience and career goals.
Tailor Your CV:Craft your CV to highlight relevant experience in claims management, oversight, and leadership. Use specific examples that demonstrate your ability to manage external entities and improve performance, as these are key aspects of the role.
Write a Compelling Cover Letter:In your cover letter, express your passion for the insurance industry and your commitment to Lloyd's values. Discuss how your background in claims, audit, or operations makes you a suitable candidate for this leadership role.
Showcase Your Achievements:When detailing your experience, focus on quantifiable achievements that illustrate your success in previous roles. Highlight any initiatives you've led that resulted in improved claims processes or enhanced team performance.
How to prepare for a job interview at VERCIDA
β¨Understand the Company Values
Before your interview, make sure you fully understand Lloyd's values: bravery, collaboration, and integrity. Be prepared to discuss how your personal values align with these and provide examples from your past experiences that demonstrate this alignment.
β¨Showcase Your Leadership Experience
As this role is a leadership position, be ready to share specific instances where you've successfully led teams or projects. Highlight your experience in managing external entities and how you've improved performance in previous roles.
β¨Prepare for Scenario-Based Questions
Expect questions that assess your decision-making skills and ability to handle risk-based situations. Prepare scenarios where you've had to make tough decisions, particularly in claims management or oversight, and explain your thought process.
β¨Demonstrate Your Commitment to Diversity and Inclusion
Lloyd's places a strong emphasis on diversity and inclusion. Be ready to discuss how you've contributed to creating inclusive environments in your previous roles and how you plan to promote these values within the Claims Oversight team.