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Claims Handler - Lloyds Market
Ref. 1020A

Position Claims Handler - Lloyds Market
Sector Claims Examining
Location City of London, City
Type Permanent
Salary £30K - £40K / Annum
Reference 1020A
Summary Claims Handler

A wonderful opportunity to build and advance your career within a successful Lloyds / London Market environment. The successful candidate will possess some knowledge of professional lines claims and be keen to learn and progress their knowledge and skills.

Job Requirements:

* Assist with the management of a portfolio of Lloyd's and Company Professional Lines claims, to include setting up new claims if necessary.

* Manage and maintain monthly bordereau and Escrow accounts for claims that fall within the TPA delegated authority.

* Manage and handle claims that fall outside any Delegated Authority.

* Draft and issue correspondence as directed.

* Investigate, follow up, and otherwise monitor the development of claims.

* Review incoming claim correspondence on existing claims, formulate response and create workflows.

* Establish and authorize adequate reserve amounts within authority levels based on exposure and recommend reserves beyond authority to appropriate management as necessary.

* Negotiate settlements and/or cost-sharing agreements within specified authority.

* Assist with coordination of and carrying out of TPA audits if necessary.

* Review and maintain claims diary.

* Assist underwriters with any general claims queries, client meetings and produce claims experiences where necessary

* Liaise with brokers, solicitors, underwriters and other stakeholders.

* Assist with Lloyd's and Company reporting requirements.

* Handle Lloyd's and Company claims within designated SLAs and KPI's.

* Assist with special projects as required.

Person Specification;

* Experience handling Professional Lines lead and follow claims, in both the Company and the Lloyd's markets.

* Good understanding of Professional Lines policy wordings.

* Experience of managing bordereau and escrow accounts on binder business.

* Experience of handling multi-jurisdictional claims.

* Experience of managing TPAs.

* Knowledge of UK Corporate market would be beneficial.

* Knowledge of London market and European claim environments.

* Good oral and written communication skills as well as organizational skills.

* Working knowledge of the Microsoft Office Suite, ECF2/IMR.

* The ability to work in a team environment.

* Can work with senior management, claims/legal professionals, other insurers, brokers, affiliated companies, or clients.

* A self-starter who can handle a diverse range of claims and responsibilities.

REF ~ 1020A

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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