Senior Performance Specialist
1 month ago
Financial Institutions Claims Specialist Company: Job Type: Full-time
Our client, a respected London Market Insurer is keening a Financial Institutions Claims Specialist to become an integral part of their Specialty Wholesale Claims team. We are seeking a dynamic and experienced professional to lead and oversee all aspects of the Financial Institutions claims book. This is an exciting opportunity to contribute to the success of the claims department and the broader goals of the company in the London market.
Claims Management:
Manage and monitor the performance of the Financial Institutions claims book.
Liaise with the broader corporate group internationally on Financial Institutions business and claims.
Claims Examination and Settlement:
Examine claims data and underwriting documents to determine the validity of notifications against cover provided.
Negotiate settlements and authorize claim payments in accordance with market expectations.
Assist with claim reviews and audits at various offices to ensure compliance with terms and conditions.
Communicate with Underwriters and actuarial functions on losses of significant value.
Inform claims leadership of large or unusual losses for evaluation and corrective measures.
Draft Large Loss Notices for distribution within the company and maintain the Claims Watchlist.
Support senior members in advancing the company's business-wide goals.
Technical proficiency in handling heavyweight Financial Institutions claims.
Adherence to existing procedures and creative thinking to streamline processes.
Proven record in successfully handling Financial Institutions claims.
Experience in other Product Line claims (Management Liability and/or Financial & Political Risk) is desirable.
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