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Yacht Claims Manager

4 months ago

London, United Kingdom Reed Full time

Yacht Claims Manager

  • Location: City of London
  • Job Type: Full-time - Hybrid

An exciting opportunity has arisen for a Yacht Claims Manager to join a specialist Lloyd’s of London broker based in the City. This role offers the chance to be part of a small yet knowledgeable team, managing a growing portfolio of UK and international business, with a primary focus on international yacht claims. The successful candidate will have the opportunity for career growth and to eventually oversee a larger claims department.

Day to Day of the role:

  • Handle yacht claims from First Notification of Loss (FNOL) to settlement.
  • Maintain an effective reserving policy and manage claims payments efficiently.
  • Build and maintain strong relationships with insurers, the internal yacht team, and producers, ensuring transparency in the progress of claims.
  • Manage claims within an agreed threshold and liaise with insurers for claims above the threshold for notification, approval, and payment.
  • Communicate actively with the Finance department regarding claims settlements on behalf of insurers.
  • Shape, implement, and deliver a claims strategy in association with the Management Team.
  • Manage effective monthly and quarterly reporting to the Management Team, including accurate monthly claims bordereau production.
  • Provide knowledge and oversight of the yacht portfolio to advise on underwriting.
  • Raise Debit Notes/Invoices and Credit Notes on the in-house company system.
  • Manage the workload of the part-time yacht claims assistant and others as the team grows.
  • Address any other ad-hoc requirements needed by the company to support the claims function.

Required Skills & Qualifications:

  • Prior experience in managing marine claims, with a focus on yacht claims.
  • Understanding of both the international market and Lloyd’s markets.
  • Ability to prioritise and delegate effectively.
  • Strong relationship management skills.
  • Excellent communication and organisational abilities.
  • Ambitious, open-minded, and ready to take on a growing role within the company.

Benefits:

  • Competitive salary based on experience.
  • Hybrid working model with flexibility.
  • Opportunity for career progression within a reputable Lloyd’s broker.
  • Supportive work environment with scope to shape and develop the role.
  • Comprehensive benefits package.

To apply for this Claims Manager position, please submit your CV.

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