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A senior claims specialist required to actively manage a diverse portfolio of specialty claims. To help achieve the Beazley vision of being the highest performing specialist insurer with a focus on mid to high value reinsurance claims. To contribute to the overall performance, development, and management of the Beazley claims function.
Job Responsibility:
Manage reinsurance claims on a proactive basis from notification to closure
Manage portfolio of Category 2 and some Category 1 claims (i.e., claims with an expected or actual value in excess of $250,000)
Adhere at all times to Beazley’s Claims Reserving Philosophy and Standards
Develop, iterate, document, and execute claims strategies
Understand and implement Beazley’s Conduct Risk Policy
Manage a reinsurance claims portfolio to optimise performance
Maintain an awareness of the overall strategic objectives and business plans of the Beazley claims function
Develop an understanding of marketing and underwriting strategies for the respective business area
Contribute to business development and renewal opportunities
Provide inputs to client meetings regarding specific claims issues
Provide input to underwriters on review of potential or existing insured’s claims experience
Identify claims trends and developments and communicate their potential impact on the book
Identify wordings issues and suggest policy wording improvements
Operate within approved claims authorities at all times
Maintain a thorough knowledge of industry regulations and minimum standards
Ensure compliance with the regulations and Beazley’s claims control standards and protocols
Adhere to Beazley’s procedures for the selection and retention of 3rd party professionals and manage relationships to the benefit of Beazley
Hold overall ownership and accountability for delegated relationships
Review TPA performance data
Conduct file reviews or audits as required, and resolve any issues identified
Provide feedback on a regular and proactive basis regarding the claim actions undertaken by the Third-Party Administrator (TPA)
Propose strategies for future claims handling, review case reserve adequacy
Work proactively to develop and manage strong relations with key brokers and cedants
Promote the Beazley brand of excellence and professionalism in client service
Ensure the management of claims conforms to the agreed standardised processes and use of share service functions as appropriate
Contribute to the commitment to, and active development of a continuous improvement culture within the overall claims function
Support the Claims Business Management Team and Claims Solutions Team to identify and implement business performance improvement opportunities
Assist claims management and peers to develop, mentor and empower junior staff
Ensure junior staff in the business unit have the knowledge and skills necessary to perform effectively
Serve as a positive role model for junior staff
Adhere to Beazley’s Conflicts of Interest policy
Comply with Beazley procedures, policies and regulations including the code of conduct
Undertake training on Beazley policies and procedures
Display business ethics that uphold the interests of all our customers
Ensure all interactions with customers are focused on delivering a fair outcome
Comply with any specific responsibilities necessary for your role
Adjuster license(s) may be required as part of your job responsibilities. If required, those licenses must be obtained within the first 90 days of your employment
Carry out additional responsibilities as individually notified
Requirements:
Legal training or past claims experience establishing liability and/or settlement resolutions
Experience of Professional Liability, M&A (Mergers and Acquisition) and/or W&I (Warranties and Indemnities)
Analytical skills: Problem solving (broad-based, analytical, conceptual, creativity), Analysis of financial statements, Financial assessments of claims, Data analysis, Decision-making
Work management skills: Time and workload management, Self-starter, Planning, Achievement orientation, Productivity focus
Interpersonal skills: Ability to influence others, Client and broker management skills, Purposeful communication, Flexibility, Active listening
Aptitude and Disposition: Outcome focussed, self-motivated, flexible and enthusiastic, Professional approach to successfully interact with senior management/ colleagues/ external suppliers, Diplomatic
Competencies: Problem-solving, Decisiveness, Customer-focused, Influencing others, Attention to detail, Team work, Self-starter, Analytical thinking, Managing resources effectively, Technical competency and expertise