Insurance Claims Adjuster

7 days ago


City of London, United Kingdom Nashrock Insurance Recruitment Full time

Nashrock Insurance Recruitment is seeking an experienced Claims Handler to join our team. This is a fantastic opportunity for individuals who are passionate about insurance and want to take their career to the next level.

Job Overview

This role involves handling incoming claims in accordance with individual authority, providing support to Claims Managers and the Head of Claims in managing and reviewing claim files, creating and maintaining claims records, and offering management information.

Duties:

  • Maintaining data within the Claims Management System (CMS)
  • Organizing and running reports from the CMS
  • Managing claim files, including retrieving brokers' claim files, document management, scanning, and document retention
  • Agreeing and settling claim bordereaux
  • Settling valid covered claims upon selected accounts, subject to terms of individual authority
  • Analyzing and reviewing individual claims on programs where managed syndicate leads and follows as required, subject to terms of individual authority
  • Preparing various management reports for internal and external purposes as required

Key Responsibilities:

  • Maintaining ongoing relationships with brokers, third-party experts, and colleagues
  • Operating at all times to the standards and rules of applicable regulatory bodies and internal guidelines
  • Entering data and maintaining records with a high degree of accuracy and attention to detail
  • Evaluating competence level and ensuring it is attained and maintained

Required Qualifications:

  • Professional Indemnity (PI) insurance knowledge
  • UK business acumen
  • Understanding of underwriting and reinsurance principles relevant to the role
  • Familiarity with the insurance market, industry, and stakeholders
  • Knowledge of the main issues affecting the insurance market
  • Awareness of the standards and rules of regulatory bodies and internal procedures
  • Understanding of the types of business transacted by the syndicate
  • Proficiency in IT software (Word, Excel, etc.) used within the business
  • Strong relationship building skills
  • Negotiation skills development
  • Decision-making skills development
  • Financial awareness development
  • Strong numeracy skills
  • Analytical thinking
  • Excellent communication skills

The ideal candidate will possess excellent organizational and time management skills, ensuring timely completion of tasks. Strong negotiation and problem-solving skills are also essential in this role.

We offer a competitive salary range of $65,000-$85,000 per annum, depending on experience. If you are a motivated individual looking to develop your career in claims handling, we encourage you to submit your application.



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