Recovery Officer – Non-life Claims at AIICO Insurance

JOB DETAILS


To efficiently pursue and finalise recoveries from liable third parties or insurers due to the company through subrogation and other recovery avenues.
Conduct thorough review of claims files, liability assessments, and documentation to establish potential recovery.
Manage subrogation and other claims related recoveries in line with policy terms and applicable laws.
Liaise with legal teams, external lawyers, or third parties to negotiate settlements and pursue legal recoveries when required.
Work closely with claims handlers, underwriters, reinsurers, brokers, and external recovery agents to ensure seamless recovery processes.
Maintain accurate recovery records in claims systems and generate regular performance reports.
Negotiate settlements effectively with third parties or their representatives to achieve fair recovery outcomes.
Prepare demand letters and other correspondence for recovery pursuit.
Ensure all recovery cases are pursued timely to prevent prescription or statute-barred cases.
Recommend claims for recovery write-off where recovery is not viable, with justifiable documentation.
Maintain accurate and up-to-date recovery registers and databases.


REQUIREMENTS


LLB, BL.
CIIN will be an added advantage.
Minimum of 5 years experience as a recovery officer.
Adequate knowledge of Insurance.