Senior Claims Adjuster - D&O/FI

Starr Underwriting; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading insurance organization in the United Kingdom is seeking a Claims Manager to assess and evaluate Casualty claims. The successful candidate will manage claims processing, ensure compliance with Starr standards, and attend client meetings to offer expertise. The role requires approximately 10 years of D&O/FI Claims experience within insurance and primary lead claims handling experience. Join a company committed to equal opportunities and employee development.

Benefits

First-class training and development opportunities

Qualifications

• Approx. 10 years D&O/FI Claims experience within insurance/reinsurance.
• Primary lead claims handling experience is a must.

Responsibilities

• Assess and evaluate the recoverability of Casualty claims.
• Manage claims processing in line with Starr and Lloyd’s Minimum Standards.
• Produce timely and accurate large loss forms.
• Attend client meetings to provide claims handling expertise.
• Ensure timely processing of Coverholder Claims submissions.
• Reviewing loss fund adequacy and manage recovery of loss funds.

Skills

Claims management

Negotiation

Client relationship management

Job description

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Role Purpose

To assess and evaluate the recoverability of all Casualty claims including complex, contentious and high value claims on policies underwritten by the Company whilst operating in line with the claims procedure guidelines and general compliance/regulatory and Company procedures. Additionally assist the Claims Manager with the supervision and development of the Claims team.

• Manage claims processing in line with Starr and Lloyd’s Minimum Standards and your letter of authority;
• Process Electronic Claim Files (ECF) and Settle Direct claims via DOCOsoft and in line with Starr and Lloyd’s Minimum Standards;
• Effective management of Claims outcomes, including reporting to and sign off by the Claims Manager where appropriate;
• Produce timely and accurate large loss forms for Senior Management’s review;
• Attend client meetings with Underwriters and/or Claims Managers (UK or internationally) to provide specific claims handling expertise or relationship management for the account;
• Ensure Coverholder / Delegated Claims Administrators (DCA’s) submissions are processed on time and are compliant with the Service Level Agreement and adhering to Starr standards through review and approval of claims in excess of delegated authority;
• Ensure the DOCOsoft workflow, including diaries, are proactively managed and claims recorded accurately. Ensure all relevant documentation is attached to each transaction and use comprehensive notes, outlining the current status and next steps, in order to enhance claims outcomes and reduce static claims;
• Reviewing loss fund adequacy and manage recovery of loss funds on prior years;
• Ensure that binding authority and cover holder claims are processed in line with Starr standards;
• Monitor and manage ECF/Lirma incompletes;
• Produce ad-hoc claims reports and statistical support to Claims Managers and underwriters as required;
• Act as a referral point on delegated tasks and step into the role of the Claims Manager where appropriate.

Required Experience

• Approx. 10 years D&O/FI Claims experience within insurance/reinsurance;
• Must have primary lead claims handling experience.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.