Claims Adjuster, Energy, Marine
7 days ago
About the Role
The Munich Re Syndicate is seeking a skilled Claims Adjuster to join our team. As a Claims Adjuster, you will be responsible for managing and adjusting inward claims within your authority level.
Your Key Responsibilities
- Manage and adjust all inward claims within your claims handling/settlement authority and in accordance with claims handling procedures.
- Provide assistance as and when required to the International Distribution Companies.
- Liaise with Claims Agreement Parties, Xchanging, loss adjusters, lawyers, brokers, underwriting teams and other third party experts.
- Report claims in accordance with claims reporting requirements.
- Ensure that relevant records are made and kept in accordance with the firm's procedures and compliance manuals.
- Ensure the accuracy of figures held on S2000 for those claims falling within your settlement authority.
- Assist in a quarterly review of open reserves to the Syndicate of claims falling within the classes of business authorised to manage, to determine whether a reserve is adequate, with a view to enabling production of accurate figures.
- Attend claims meetings and discussions.
- Assist in the handling of complaints and the liaison with Compliance, Lloyd's and FCA where appropriate.
- Understand and comply with the Lloyd's Minimum Standards and Claims Schemes where appropriate.
- Help drive forward 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.
- You are required to comply with the PRA and FCA conduct rules.
About You
- You will have 5+ years' experience in adjusting.
- You will hold a University Degree and/or relevant professional qualification.
- You will possess ACII qualification or be progressing towards it.
- You will have sound business knowledge and understanding of underlying principles of insurance practice, generic legal principles, FCA rules and regulations, and Lloyd's regulations.
- You will demonstrate clear understanding of all company specific procedures that relate to your role.
- You will demonstrate willingness to continue to develop your knowledge through formal and informal learning, both internally and externally to the organisation.
- You will identify potential risks facing the business and the controls that are in place to mitigate them.
- You will report significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
What We Offer
We offer a competitive salary range of £60,000 - £80,000 per annum, depending on experience, plus a non-contributory pension scheme, private medical care, life assurance, and more.
About Our Company
The Munich Re Syndicate is a leading provider of insurance solutions. We pride ourselves on delivering high-quality services to our clients while maintaining a positive work-life balance.
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