Senior Claims Associate
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Senior Claims Associate
£90,000 - £100,000
London – flexible hybrid working
An international specialist Insurance Broker is planning to supplement expansive multi-faceted growth by seeking a Claims Associate to join the Claims team. Reporting to the head of M&A Claims, this individual will have responsibility to advise and handle on claims with a Financial lines focus in a M&A capacity across several jurisdictions, advising multiple stakeholders. They will also have additional responsibility to mentor and supervise junior team members.
Key responsibilities & Accountabilities:
• Autonomously administer clients’ claims in accordance with the relevant Company to achieve targets, develop the business and deliver an excellent and comprehensive service
• Review and respond to incoming enquiries from clients, insurers and third parties
• Review and prepare notifications, manage the claims process, consider coverage and deal with settlements
• Create comprehensive and accurate documents detailing claim facts and coverage issues
• Ensure up to date records are maintained at all times on the Company systems and ensure are filed correctly across all internal systems
• Develop strong relationships with markets
• Advise on policy wording improvements based on insurance law and claims experience
• Record key claims statistics, compile statistical reports and communicate claims trends and developments.
• Prepare and assist with internal training on claims and insurance law
• Complete accurate claims administration tasks internally and on CLASS/ECF and delegate where appropriate
• Ensure compliance with all applicable Company policies and procedures
You will need to demonstrate you have the following skills and experience:
• Experienced Insurance solicitor (5-10 years PQE) / experienced claims handler preferred with financial lines claims experience, preferably completed secondment if not already part of claims team
• Efficient and time effective advice on policy cover, interaction with sale and purchase agreement
• Internal Networking skills
• IT skills: Microsoft Office Suite, Global XB and ECF (desirable).
• Able to undertake and demonstrate competence in technical training, as required by the industry regulator
• Thorough understanding of the general principles of UK insurance and contract law
• Technical knowledge FCA regulations details relating to insurance intermediaries.