Transactional Claims Analyst

JR United Kingdom; Coventry; On-site; GBP 28,000 - 40,000; Full time

Job summary

A leading company in insurance services is seeking a Transactional Claims Analyst for its Global Shared Services Centre in Ipswich. The ideal candidate will possess strong analytical skills and IT proficiency, particularly in Excel, while managing claims and supporting various business units effectively. This role offers a competitive salary and includes benefits like a performance-based bonus scheme and a contributory personal pension.

Benefits

Performance-Based Bonus Scheme

Contributory Personal Pension Scheme

Life Assurance

Permanent Health Insurance (PHI)

Annual Season Ticket Loans

Employee Share Plan

Work from Home Allowance

Qualifications

• Good working knowledge of various classes of insurance and reinsurance.
• Preferable technical reinsurance experience, including calculation of key types.
• Desirable comprehension of French or German.

Responsibilities

• Calculate and process transactional claims according to rules.
• Assist teams with queries via email or meetings.
• Provide support to enhance overall efficiency.

Skills

Strong IT skills

Analytical ability

Verbal English communication

Written English communication

Self-motivated

Highly organised

Flexibility

Customer relationship building

Job description

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Are you a highly organised and analytical individual with a keen eye for detail? We're seeking a Transactional Claims Analyst to join our Global Shared Services Centre in Ipswich. In this role, you'll be responsible for the accurate calculation and processing of transactional items, focusing on rules-based, low-risk claims and contracts.
This is a fantastic opportunity to contribute to a dynamic team that provides essential processing services across various international markets.
What You'll Be Doing:

• Accurately and efficiently calculate and process inwards and/or outwards transactional claims and contracts in accordance with agreed processes and claims segmentation rules.
• Assist other Global Shared Services Centre teams with queries in a timely and professional manner, communicating effectively via email, Teams, or face-to-face meetings.
• Process requests for letter of credit creation, increases, withdrawals, and cancellations, as well as bonds, following established procedures.
• Provide process and claims support to other business units to enhance overall efficiency.
• Contribute to projects involving the Global Shared Services Centre, ensuring efficient and effective integration while respecting timelines and deadlines.
• Collaborate with team members, offering support and demonstrating adaptability and flexibility by covering different portfolios, geographical markets, or types of reinsurance based on business urgency.

What We're Looking For:Technical Skills:

• Strong IT skills, particularly in Excel.
• Good working knowledge of various classes of insurance and reinsurance business.
• Preferable: Technical reinsurance experience, including calculation of figures in key reinsurance types (e.g., Excess of Loss, Quota Share, Surplus) and major markets (e.g., USA, Continental Europe, London Market).
• Preferable: Insurance claims handling experience.

Personal Skills:

• Exceptional analytical ability.
• Proven ability to work effectively in a process-driven team environment.
• Self-motivated and proactive.
• Highly organised with a professional approach to work.
• Ability to work independently within personal authority limits.
• Excellent written and verbal English communication skills.
• Desirable: Comprehension of French or German.
• A self-starter with the ability to meet and adapt to new challenges.
• Enthusiastic and willing to learn.
• Positive outlook and perspective.
• Proven ability to build strong relationships.
  

Why Apply?

• Performance-Based Bonus Scheme
• Contributory Personal Pension Scheme
• Life Assurance
• Permanent Health Insurance (PHI)
• Annual Season Ticket Loans
• Employee Share Plan
• Work from Home Allowance