Senior Claims Adjuster D&OFI

London - UK

Monthly Salary: Not Disclosed

Posted on: 12 hours ago

Vacancies: 1 Vacancy

Job Summary

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 worlds 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 Lloyds Minimum Standards and your letter of authority;
Process Electronic Claim Files (ECF) and Settle Direct claims via DOCOsoft and in line with Starr and Lloyds 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 Managements 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 (DCAs) 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 well 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 were 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.

Required Experience:

Senior IC

Role Purpose

Manage claims processing in line with Starr and Lloyds Minimum Standards and your letter of authority;
Process Electronic Claim Files (ECF) and Settle Direct claims via DOCOsoft and in line with Starr and Lloyds 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 Managements 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 (DCAs) 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