Job Description

• Our client is an established player within the Insurance and Reinsurance industry with a presence of more than 15 years in Singapore. Due to business expansion and forecasted growth, they are currently looking for a Claims Adjuster to proactively adjust claims, arising out of business written in Singapore and to improve claims workflow and processes

Description

Reporting directly to the Manager of Claims, your key responsibilities would include:

• Correctly assessing claims in accordance with the policy terms and conditions; and where any potential coverage issue is identified, obtain full details prior to reaching a firm decision on policy coverage

• Ensure that the rationale for the reserve is recorded in the claims management system and that the reserve is communicated both internally and externally (to the follow market) as appropriate

• Seeking authority, in accordance with the Claims Manual, where a claim exceeds your Claims Authority Limit

• Ensuring that every claim is regularly reviewed and proactively managed to resolution, through effective diary management and ensuring potential financial exposure are captured accurately

• Ensuring that all the claim that you own that are recorded on the Actuarial Watchlist are regularly monitored and the Watchlist is updated on a quarterly basis

• Reviewing the actual versus expected ahead of monthly tracking meetings and quarterly reserving meetings and discussing claims trends which may impact profitability with your Claims Manager

• You will act as a claim referral point for brokers and other external customers and proactively ensure regular interaction with them

Profile

To succeed in this role, you should ideally possess the following:

• At least 3 years of working experience within the insurance/reinsurance industry

• Fundamental knowledge of coverages, benefits, and exclusions of Marine Hull

• Experiences in handling at least 2 other classes of business such as Cargo, Property, Construction, Engineering, Energy, will be an added advantage

• Experiences in Lloyds market

• Understanding and application of legal and regulatory issues relating to the policy wordings

• Understanding of claims handling processes in relation to market systems and inhouse systems

• Understanding and application of standard processes and procedures to effectively drive claim strategy

Job Offer

Our client is a well established player in the insurance industry and is one of the members within the Lloyds marketplace. They are looking for a experienced claims adjuster to join their growing team in Singapore.

• Strong collaborative team and environment

• The cash remuneration for this role will range between $6,000 - $7,000 per month excluding bonuses and benefits

To apply online please click the \'Apply\' button below. For a confidential discussion about this role please contact Dominic Chong on +65 6541 9857.

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