Job Description
Job Description:
Claims Specialist – Financial Lines, Brooklyn
Sydney, New South Wales / Melbourne, Victoria
With offices located throughout Australia, Brooklyn Underwriting is a highly accomplished underwriting operation that has been operating for over two decades and is the SME flagship of AXA XL, the market leading global insurer. Brooklyn’s insurance products are customised, market-specific solutions that are supported by specialist underwriting teams with recognised experience in Property, Casualty and Financial Lines. Brooklyn is an award-winning underwriter aiming to deliver only the best to our ever-growing customer base.
In this role, you will manage and resolve Brooklyn’s Financial Lines claims as part of the Claims team; reporting to Brooklyn’s Head of Claims and working within a team of fellow Claims Specialists, to drive files to resolution and interact and collaborate frequently with Practice Leaders and the Underwriting team as well as external legal panel; and achieve the best possible outcomes for Brooklyn / AXA XL and its clients by resolving and settling claims proactively.
This is role is offering a part-time working week with the option of 4 days a week; this is a great opportunity for work/life balance.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING
What will your essential responsibilities include?
Proactively manage assigned financial lines claims (including professional indemnity, management liability and financial institutions) across multiple jurisdictions, while setting and implementing the case strategy for these claims under the direction of the Practice Leaders and Claims management. Handle all claims in accordance with Brooklyn / AXA XL’s Claim Handling Principles.
Collaborate closely with claims specialists and Practice Leaders to achieve optimum file outcome, determine if / which external vendors to engage, and establish strategic plan with vendor, identify and notify management of Large Losses and take all appropriate steps to achieve the best outcome for the client and AXA XL.
Work with management and Claims Legal team to identify and select appropriate counsel or alternative resolution technique. Pro-actively manage and control litigation strategy on assigned claims.
Proactively manage expenses through thoughtful expense management and best practice.
Active participant in Quality Review Process.
Partner with internal and external counsel in setting and pursuing effective and cost-efficient litigation strategies for claims in litigation.
Assist Underwriters with policy review and drafting, participate in external marketing and business development activities. Share lessons learned and other identified trends to improve risk assessment and underwriting process.
Coordinate and manage communication with internal and external stakeholders to ensure the highest level of customer service and transparency.
Produce internal reporting in support of best practice and reserving guidelines.
Monitor and report on emerging liability and coverage trends.
Effectively manage, track and report on portfolio performance.
You will report to the Head of Claims – Brooklyn.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Prior claims handling experience in Financial Lines or Insurance Lawyers with Financial lines exposure
Exceptional communication: Excellent verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders at all levels of sophistication. Ability to work in a fast-paced environment and efficiently juggle numerous concurrent responsibilities.
Collaborative approach: Develop and maintain productive working relationships with insureds, brokers, claim specialists, underwriters and legal counsel. Provide guidance and seek input from others as needed to achieve the best result possible. Capable of working and collaborating with a virtual team.
Results Oriented: Approach tasks proactively and anticipate needs. Think quickly and prioritize multiple work streams without sacrificing quality. Act with a sense of urgency.
Continuous Improvement Focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuously improving technical skills and Brookly / AXA XL claims capabilities.
Client-service Oriented: Focused on value at all points in the claims experience delivering on our promise to clients.
Ethical Principles: Handle responsibilities with integrity and uphold the highest standards of professionalism
Desired Skills and Abilities:
Legal qualification is desirable but not essential.
Who WE are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What we OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
Robust support for Flexible Working Arrangements
Enhanced family-friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
Claims Specialist – Financial Lines, Brooklyn
Sydney, New South Wales / Melbourne, Victoria
With offices located throughout Australia, Brooklyn Underwriting is a highly accomplished underwriting operation that has been operating for over two decades and is the SME flagship of AXA XL, the market leading global insurer. Brooklyn’s insurance products are customised, market-specific solutions that are supported by specialist underwriting teams with recognised experience in Property, Casualty and Financial Lines. Brooklyn is an award-winning underwriter aiming to deliver only the best to our ever-growing customer base.
In this role, you will manage and resolve Brooklyn’s Financial Lines claims as part of the Claims team; reporting to Brooklyn’s Head of Claims and working within a team of fellow Claims Specialists, to drive files to resolution and interact and collaborate frequently with Practice Leaders and the Underwriting team as well as external legal panel; and achieve the best possible outcomes for Brooklyn / AXA XL and its clients by resolving and settling claims proactively.
This is role is offering a part-time working week with the option of 4 days a week; this is a great opportunity for work/life balance.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING
What will your essential responsibilities include?
Proactively manage assigned financial lines claims (including professional indemnity, management liability and financial institutions) across multiple jurisdictions, while setting and implementing the case strategy for these claims under the direction of the Practice Leaders and Claims management. Handle all claims in accordance with Brooklyn / AXA XL’s Claim Handling Principles.
Collaborate closely with claims specialists and Practice Leaders to achieve optimum file outcome, determine if / which external vendors to engage, and establish strategic plan with vendor, identify and notify management of Large Losses and take all appropriate steps to achieve the best outcome for the client and AXA XL.
Work with management and Claims Legal team to identify and select appropriate counsel or alternative resolution technique. Pro-actively manage and control litigation strategy on assigned claims.
Proactively manage expenses through thoughtful expense management and best practice.
Active participant in Quality Review Process.
Partner with internal and external counsel in setting and pursuing effective and cost-efficient litigation strategies for claims in litigation.
Assist Underwriters with policy review and drafting, participate in external marketing and business development activities. Share lessons learned and other identified trends to improve risk assessment and underwriting process.
Coordinate and manage communication with internal and external stakeholders to ensure the highest level of customer service and transparency.
Produce internal reporting in support of best practice and reserving guidelines.
Monitor and report on emerging liability and coverage trends.
Effectively manage, track and report on portfolio performance.
You will report to the Head of Claims – Brooklyn.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Prior claims handling experience in Financial Lines or Insurance Lawyers with Financial lines exposure
Exceptional communication: Excellent verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders at all levels of sophistication. Ability to work in a fast-paced environment and efficiently juggle numerous concurrent responsibilities.
Collaborative approach: Develop and maintain productive working relationships with insureds, brokers, claim specialists, underwriters and legal counsel. Provide guidance and seek input from others as needed to achieve the best result possible. Capable of working and collaborating with a virtual team.
Results Oriented: Approach tasks proactively and anticipate needs. Think quickly and prioritize multiple work streams without sacrificing quality. Act with a sense of urgency.
Continuous Improvement Focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuously improving technical skills and Brookly / AXA XL claims capabilities.
Client-service Oriented: Focused on value at all points in the claims experience delivering on our promise to clients.
Ethical Principles: Handle responsibilities with integrity and uphold the highest standards of professionalism
Desired Skills and Abilities:
Legal qualification is desirable but not essential.
Who WE are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What we OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
Robust support for Flexible Working Arrangements
Enhanced family-friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
💡 Quick Summary
Seeking a career-building opportunity? The Claims Specialist - Financial Lines, Brooklyn position is now open for candidates interested in the Insurance sector. This role in Sydney offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Insurance is a plus.
