Vacancy title:
Recovery Officer
Jobs at:
CIC InsuranceDeadline of this Job:
10 August 2022
Summary
Date Posted: Thursday, August 04, 2022 , Base Salary: Not Disclosed
JOB DETAILS:
PURPOSE:
• Initiate actions and follow up payment/refund of claims to/from third party insurers.
Primary Responsibilities:
• Register and follow up of all third-party recoveries with insurance companies within a reasonable time to ensure the matters are not time barred
• Maintain an up-to-date records for both outstanding and recovered matters.
• Facilitate issuance of initial demand letters to third parties and/or their insurers.
• Document and quantify all recovery claims due to third parties/ insurance companies.
• Document and quantify all recovery claims paid to the third parties and other insurance companies.
• Negotiate all recovery claims with third-party insurers and ensure prompt settlement of validated cases.
• Appoint investigators for tracing of third party legal/beneficial owners of third party vehicles for recovery purposes.
• Ensure timely settlement of all third party claims that fall under the Knock for Knock agreement.
• Actioning all the relevant incoming correspondences via email and mails
• Achieve the set monthly recovery targets.
Person Specifications
• Academic Qualifications
• Bachelor’s degree in a related field
• Professional Qualifications
• IIK or ACII (Progress)
• Experience
• Up to two (2) years’ relevant experience
Skills and Attributes
• Excellent communication and presentation skills
• Problem solving skills
• Excellent interpersonal skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Understanding of the working environment /competitors
• Technical competence in insurance
• Basic knowledge of regulations by AKI and IRA
Work Hours: 8
Experience in Months: 24
Level of Education: Bachelor Degree
Job application procedure
• Interested and qualified? Click here to apply
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