London (Hybrid: 3 Days in Office)
About the role:
Are you ready to make a significant impact within this leading Lloyd’s Syndicate. We're seeking a proactive Loss Fund Specialist to drive our clients Faster Claims Payment (FCP) initiative and optimise their claims processing efficiency.
Responsibilities:
- Lead the adoption of FCP methodology, managing end-to-end FCP loss fund processes and reporting.
- Maintain and enhance traditional and FCP loss fund processes, ensuring compliance with policies and regulations.
- Improve reconciliation practices to meet business and regulatory standards.
- Act as a central point of contact for external stakeholders and internal auditors.
- Oversee outsource partner teams, ensuring timely reconciliation and quality output.
- Resolve issues raised by outsource partners and ensure timely receipt of loss fund documentation.
- Collaborate with finance department for loss fund verification.
- Provide management reporting to support strategic decision-making.
- Ensure regulatory compliance and act as a point of escalation for team members and stakeholders.
- Foster open communication and collaboration within the team and across departments.
Skills and Experience:
- Proactive with a can-do attitude.
- London Market experience required.
- Insurance operational experience essential.
- Proficient in loss fund processes and procedures.
- Organised with excellent attention to detail and accuracy.
- Strong data preparation and interpretation skills.
- Exceptional communication and interpersonal skills.
- Good experience with Word and Excel.
Apply now and be part of reshaping the future of claims processing efficiency!
Sector:
- General Insurance
