Financial Lines Claims Broker
Posted 1 week ago by Hays
£70,000 Per year
Undetermined
Hybrid
City Of London, England, United Kingdom
Summary: The Financial Lines Claims Advocate role at a Global Lloyds broker in London involves managing claims across various Financial Lines, including Professional Indemnity and Management Liability. The position requires strong negotiation skills and the ability to maintain relationships with insurers and clients while ensuring claims service performance meets expectations. Candidates should have significant experience in Financial Lines Claims and be proficient in relevant systems. The role offers a competitive salary and hybrid working arrangements.
Key Responsibilities:
- Manage claims from first notification of loss through to conclusion across various Financial Lines.
- Maintain relationships with insurers, clients, loss adjusters, and other stakeholders.
- Negotiate with insurers to achieve optimal outcomes for clients.
- Review claims authority and manage cashflow processes.
- Proactively monitor claims service performance to meet client expectations.
Key Skills:
- Excellent written and oral communication skills.
- Strong organization and time-management skills.
- Significant Financial Lines Claims experience (ideally 5 years +).
- Technical claims processing experience within the London market.
- Experience using ECF and CLASS systems.
- High attention to detail and ability to prepare and interpret claims analysis.
- Ability to prioritize tasks in a fast-changing environment.
Salary (Rate): £70,000.00 yearly
City: City Of London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Your new company
Our client, a Global Lloyds broker, based in the heart of the City of London, is looking for a Financial Lines Claims Advocate to join their organisation. The salary is very competitive, offers hybrid working, and you will be working for a global brand within the industry.
Your new role
In your new role, you will be tasked with managing claims from first notification of loss through to conclusion across the Professional Indemnity, Management Liability, Crime, and general Financial Lines space, with further Cyber experience also being advantageous. You will also need to be capable of maintaining a consistent relationship with the insurer, client, loss adjuster and other relevant stakeholders of the business whilst negotiating with insurers to achieve the best possible outcome for the client. You will also need to review the claim's authority, ensuring that it is reflective to the firm's needs, manage the cashflow process and proactively monitor claims service performance to always meet client expectations.
What you'll need to succeed
In order to be successful, you will need fantastic communication skills, both written and oral, great organisation and time-management skills, and have significant (ideally 5 years +) Financial Lines Claims experience within the Financial Lines Class of business and have strong technical claims processing experience within the London market. You will need experience using the ECF and CLASS systems, and you will be a great team player. You will need to be able to demonstrate a high level of attention to detail, the ability to prepare and interpret claims experiences and analysis, and you will be able to prioritise and reprioritise your tasks in relation to the fast-changing circumstances of your role.
What you'll get in return
The opportunity to work for a global Lloyd's broker, earning a very competitive salary based in the heart of the City of London.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career. Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk