At a Glance
- Tasks: Assist in managing delegated claims and ensure compliance with regulations.
- Company: Leading Reinsurance Group offering flexible hybrid working.
- Benefits: Competitive salary up to £55,000 and opportunities for professional growth.
- Other info: Great chance to develop your skills in a supportive environment.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: 1-2 years of insurance experience and knowledge of regulatory principles.
The predicted salary is between 55000 - 55000 £ per year.
A leading Reinsurance Group are seeking a Claims Delegated Authority Assistant to contribute towards the management of delegated claims, incorporating applicable regulatory requirements.
Key Responsibilities & Accountabilities
- Onboarding of new and existing claims DA
- Creation of claims DA agreements
- Oversight of claims DA performance
- Claims DA reporting
- Claims DA system upkeep
- Supporting claims DA manager with any project work
- Supporting claims DA manager with claims DA audits
- Supporting claims DA manager with maintaining oversight of claims DA loss funds
- Supporting claims DA manager with upkeep of Lloyd’s and Group DA practices
- Drive good Conduct for the business to deliver the best outcomes for customers / policyholders
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk
Qualifications and Experience
- Good knowledge and understanding of Underlying Principles of Insurance, Legal Principles, FSA and rules and regulations, Lloyds regulations
- Good knowledge of claims delegated authorities
- Good knowledge of Lloyd’s Standard Claims Reporting template
- Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm
- willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm
- Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them
- 1-2 years insurance experience
- MS Word, Excel, Outlook, PowerPoint, Project
Claims Delegated Authority Assistant in London employer: Weareedenbrook
Weareedenbrook is an excellent employer, offering a vibrant work culture in the heart of London that fosters collaboration and innovation. Employees benefit from comprehensive training and development opportunities, ensuring personal and professional growth within the dynamic insurance sector. With a focus on building strong relationships and a commitment to excellence, joining our team means being part of a supportive environment where your contributions are valued.
StudySmarter Expert Advice🤫
We think this is how you could land Claims Delegated Authority Assistant 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.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Weareedenbrook). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
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 Weareedenbrook. 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 Claims Delegated Authority Assistant in London
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 Weareedenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Weareedenbrook. 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 Weareedenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Weareedenbrook 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 Weareedenbrook, 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 Weareedenbrook'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.
