Linkedprime
Genpact

Casualty / Liability Claims Adjuster

Posted: 22 hours ago

Job Description

With a start up spirit and Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. —and we have fun doing it! We dream in digital, dare, and reinvent the ways companies work to make an impact far bigger than just our bottom line. we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI. Inviting applications for the role of Claims Adjuster – Casualty or Liability claimsThe purpose of the Claims Adjuster role is to settle claims within authority as efficiently as possible. This will include the technical assessment of claims and the formation and implementation of strategies, to bring the claims to swift resolution. The role will involve adherence with all operational procedures and adopting a settlement strategy.ResponsibilitiesMaintain high performance within your team; effectively handling any issues which may arise, referring as and when appropriate, with an emphasis on the quality of claims outcomes.Own the development of your career and ensure, in conjunction with your Manager, that your development needs are regularly assessed via the Personal Development Review process, and that needs are addressed with suitable coaching and training.Adhere to company Claims processes and procedures.Strive to meet appropriate team targets and goals.Work closely with the Performance Team to leverage their knowledge and resource to support the continuous improvement of your performance.Ensure you meet any Assurance Actions which are required from any Assurance activities.Support the Claims response in the ICF/JSOX control environment.Adherence to Reserving philosophies and methodologies, ensuring you understand and practice the reserving methods.Performance in accordance with agreed KPIs including cycle times, SLAs and other agreed measures and ensure performance meets or exceeds plan/expectations.Adjust claims in accordance with agreed authority limits and in line with client's claims procedures and service standards.Handle all claims in accordance with JSOX/ICF as well as external obligations including Lloyd’s Minimum Standards, ICOBS/PRA and other regulatory legislation.Understand the Casualty portfolio, including quarterly developments. This includes understanding the profile of your open claim portfolio, new notifications, closures, static/nil reserve claims, key financial movements and reserving performanceWork closely with Brokers and Clients to improve the Client experience by placing them at the heart of our service and the decisions we make.Undertake an ambassadorial role on behalf of client in the Lloyd’s and local market placeUnderstanding of Insurance layer structureAbility to read & interpret slip/ binders to identify terms & conditionsGenerate insights that enables better risk management based on knowledge of client dataQualificationsUniversity Degree in any discipline; or Professional qualification in insuranceHave at least 5 to 10 years prior experience in handling Casualty & Third-Party Liability insurance claims adjusting.Knowledge and experience of dealing with Lloyd’s/London MarketClass Specific Claims knowledge and experience in dealing with DXC/Xchanging business solution for Lloyd’s managing agentAbility to objectively evaluate and analyse situations to ensure commercial and pragmatic solutionsKnowledge of Claims procedures and best practiceJudgement and decision-making capabilityGenpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to building a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. Get to know us at www.genpact.com and on X, Facebook, LinkedIn, and YouTube.Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.

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