Loss Fund Specialist

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!