Aakif Shaikh
P&C Claims Executive
Dubai
Summary
Results-oriented Claims Adjuster with over 3 years of hands-on experience in handling Property & Casualty Claims.Proven track record of efficiently assessing and processing claims to achieve favorable outcome. Skilled in conducting thorough investigations, negotiating settlements and providing exceptional customer service.
Overview
5
5
years of professional experience
2
2
Language
Work History
P&C Claims Executive
DIOT SIACI INSURANCE BROKERS
05.2021 - Current
- Managed claims to a conclusion, liaising effectively and appropriately with the client, insurer, loss adjuster, and any other interested party.
- Processed claims competently within the stipulated turnaround time and in accordance with claims protocol.
- Undertaken inquiries necessary to obtain sufficient information to establish policy liability and progress claims efficiently.
- Coordinated with insurers, insured , external parties such as loss adjusters and investigators to follow up on claims and ensure efficient resolutions.
- Generated monthly claims dashboards for clients to provide comprehensive insights into claim activity and status.
- Conducted meetings and joint surveys as necessary, negotiating optimal claim terms within the policy framework to achieve mutually beneficial outcomes.
- Collaborated closely with technical teams to drive business development initiatives and refine product offerings and policy wordings.
- Negotiated with insurers to achieve the most beneficial and cost-effective settlement for the client.
- Negotiated with insurers to ensure reserves are realistic and appropriate.
- Evaluated incoming claims, oversaw communications, monitored progress, conducted follow-ups, and tracked cases through timely resolutions.
- Ensured claims are registered and appropriately updated on Praktora systems.
- Enhanced customer satisfaction through timely and effective communication of claim status updates.
- Developed and maintained strong relationships with clients and loss adjusters to foster trust and loyalty.
- Provided exceptional customer service when handling inquiries about policy coverage or specific claim details.
Financial Analyst
State Street Corporation
11.2017 - 11.2019
- Key responsibility is to research, resolve and settlement of trades
- Correctly monitor daily positions of client money accounts
- Reconciliation of the custody books with accounting books
- Manage Nostro transfer preparation and approval between main Nostro and different custodians to facilitate funding needs
- Ensuring outstanding trade settlements and Creation/Liquidation settlement
- Strict adherence to FCA guidelines and CASS
- Identifying deals for approximate 200 to 300 funds received in a day from client
- Treasury reporting and intraday settlement.
- Advanced exposure in compiling of trade settlement, accounts receivable & accounts payable
- Payments transaction to the relevant client through various banking portals like HSBC, Barclays and RBS
- Assisting peers and mentoring new associates.
Education
Master of Commerce (Accounting & Finance) - Finance and costing
Mumbai University
01.2016 - 04.2018
Bachelor of Commerce (Accounting & Finance) -
Mumbai University
01.2013 - 04.2016
Higher Secondary Education - Commerce -
Holy Cross High School
01.2011 - 04.2013
Skills
Strong communication and interpersonal skills
Personal Information
- Place of Birth: Mangalore
- Father's Name: Riyazuddin Shaikh
- Date of Birth: 12/14/95
- Nationality: Indian
- Marital Status: Single
- Religion: Muslim
Disclaimer
I hereby declare that all the details given above are true to the best of my knowledge and belief
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