Full-Time

Associate Director

Claims Management

Posted on 9/23/2025

Deadline 10/15/25
Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

No salary listed

London, UK

Hybrid

Category
Consulting (1)
Requirements
  • At least five years’ experience within the Construction, Energy, and/or Property & Casualty sector
  • First-hand experience of managing large losses on CAR/EAR, DSU and TPL claims
  • Some experience of Professional Indemnity claims would be advantageous
  • A legal background would be helpful
  • Preferably with relevant professional qualification e.g. (ACII/FCII/CILA)
  • Holds all regulatory licences, permissions and technical or other requirements applicable under UK legislation and FCA rules and guidelines
  • Skills in Query Management, Compliance Management, Organisation and Prioritisations
  • Knowledge in Market relationship management, London Market Negotiation, Technical knowledge
Responsibilities
  • Personally accountable for Key Client Outcome (KCO) 5, comprising: Claims paid as contract within reasonable time
  • Ensure the prompt resolution of market-related loss issues and queries
  • Ensure that all broking is prioritised and completed within targets and exceptions monitored and actioned until completion
  • Ensure that all financial aspects (including but not limited to Uncorrelated Cash and Bureau debt) are managed and where possible pre-emptive action is taken at an appropriate level to avoid such issues occurring
  • Build constructive relationships and lead correspondence with Client and associated underwriters, third parties and service providers, under the guidance of more senior Claims Advocates, and with due reference to the Client Service Proposition initiative
  • Negotiate appropriate claims authorities and claims funds with insurers / reinsurers
  • Immediate notification to insurers / reinsurers on receipt of advice of claim, responding where required
  • Negotiate claims settlements with insurers / reinsurers, based on market knowledge, to minimise client loss (leading on contentious claims and with due regard to consequential loss)
  • In the event of high-profile claims, work closely with Group colleagues and maintain internal and external communications with records of these being made as appropriate
  • Travel as required (catastrophe losses or claims reviews)
  • Support Sales team in conjunction with Claims Handlers by producing accurate and updated renewal information
  • Work with Group colleagues to identify and capitalise on account penetration and cross selling opportunities within the client / prospect base
  • Provide input on corrective action required to enhance process performance across Claims areas
  • Ensure adherence to standardised Group policies and procedures, including all WEM and other regulatory requirements
  • Monitor underwriter / reinsurer and service provider performance and take appropriate action as required to guarantee the client’s best interests
  • Provide input to and reference the Willis Quality Index, as appropriate and required
  • Provide input to more senior Claims Advocate on BU approach to Client Service Proposition by client stream
  • Support more senior Claims Advocate in respect of appraisals and reviews, as required
  • Oversee the provision of accurate management information, as required
  • Take reasonable steps to support management and the Company in the management of the business risks applicable to area of employment, as set out in the BU risk register
  • Participate in loss prevention and claims seminars, as required
Desired Qualifications
  • Some experience of Professional Indemnity claims would be advantageous
  • A legal background would be helpful

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE