Senior Financial Lines Claims Adjuster

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Senior Financial Lines Claims Adjuster

Department: Claims

Employment Type: Permanent

Location: London, UK

Description

This is a leading-edge, forward-thinking claims adjusting role and will assume responsibility for claims handling activities and claims management relating to Financial Lines claims (D&O, FI, PI and W&I) arising from business written by Convex Group. This role is outcome-driven, and one which combines technical adjusting, account management, commercial and relationship management skills - underpinned by your experience in fast paced, technology enriched environments. You will report directly to the Head of Casualty Claims and be a key part of the Convex Claims team.

Key Responsibilities

1. Claims management from first notification of loss to final settlement including coverage analysis; investigation; evaluation; reserving and resolution in accordance with established guidelines, service standards and regulations.
2. Actively manage claims to achieve the best indemnity outcomes.
3. Operate in alignment to Convex claims key performance indicators, governance frameworks, Convex claims procedures and processes.
4. Review claims movements and act as an advisor to the business about potential exposures.
5. Manage TPA and Coverholder relationships, in conjunction with the Claims Operations team.
6. Take responsibility for data gathering and sharing industry or event knowledge with relevant colleagues.
7. Contribute to the attraction and retention of business through service excellence.
8. Ensure great loss outcomes and reserve accuracy through direct intervention on large loss events where required, and identification of loss trends which may impact ranking, reserves or risk selection.
9. Build and sustain relationships with insurance underwriters, brokers and clients and work collaboratively together in addition to liaison with actuaries and data teams internally on loss related matters.
10. Contribute to the preparation of local claims reports and claims updates to the Board as required.
11. Be prepared to participate in wider claims strategic initiatives or committees within the organisation.
12. Understand that our purpose enables us to deliver the best claims service experience to clients and meet all regulatory requirements.
13. Be an advocate for client service as a brand differentiator and demonstrate behaviour that aligns to the Convex core values.

Skills Knowledge and Expertise

1. Robust Financial Lines Claims experience within a fast-paced environment and focus on service excellence.
2. Articulate and well-rounded communicator at all levels of seniority.
3. Excellent negotiation and diplomacy skills.
4. A high degree of problem-solving capability.
5. Detail orientated with analytical mindset.
6. Work at speed given complex and difficult technical situations, with well-developed prioritisation skills.
7. Flexible and adaptable to change, able to contribute in an entrepreneurial environment.
8. Prior experience of undertaking client claims reviews and audit activities.
9. Worked in an environment where innovation is balanced with pragmatism and speed of execution.
10. Strong learning and curious mindset with an appetite to deliver continuous improvement.

Benefits

1. Competitive Salary
2. 30 days Annual Leave
3. Birthday Leave
4. 10% Employer Pension Contribution
5. Private Health Insurance Medical Cover
6. Group Income Protection
7. Life Assurance Cover
8. Enhanced Parental Leave
9. Annual Health Check
10. 3 days of Volunteer Leave each year
11. 10 days of help with care (elder/ childcare) through Bright Horizons
12. GBP 1,300 to spend on learning & wellbeing
13. Give as You Earn
14. Cycle to Work
15. Season Ticket Loan