Assistant Manager – Recoveries job at CIC Insurance
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642 Days Ago
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Vacancy title:
Assistant Manager – Recoveries

[ Type: FULL TIME , Industry: Insurance , Category: Finance, Insurance & Real Estate ]

Jobs at:

CIC Insurance

Deadline of this Job:
10 August 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Thursday, August 04, 2022 , Base Salary: Not Disclosed

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JOB DETAILS:
Purpose:
• To efficiently handle all third party recovery matters and ensure maximum recovery of claims is achieved.

Primary Responsibilities:
• Check and approve all prepared discharge vouchers within specified limits;
• Approve payments for all executed discharge vouchers for amounts within specified limits.
• Negotiate all recovery claims with third-party insurers/ liable parties and ensure prompt settlement of validated cases to save on cost.
• Follow up and ensure successful recoveries from all third-party insurance companies and other liable parties within a reasonable timeframe.
• Ensure timely settlement of all third party claims that fall under the Knock for Knock agreement.
• Ensure timely settlement of claims by third party insurance companies.
• Achieve the set monthly recovery targets.
• Co-ordinate timely filling of recovery matters not settled out of court in liaison with the Legal Claims Manager.
• Maintain an up-to-date records for both outstanding and recovered matters.
• Maintain an up-to date record for all recovery matters filed in court.
• Providing period reports on status of recoveries to the Senior Claims Manager.

Generic Duties
• Carry out performance appraisal, coaching and mentoring staff;
• Resource allocation, staffing and leave approval;
• Participate in planning and budgeting for the department and
• Participate in various meeting and committees.

Person Specifications
• Academic Qualifications
• Bachelors’ degree in Insurance, Business Administration or Economics or in related field.
• Professional Qualifications
• IIK/ CII Diploma required
• Experience
• Minimum of three (3) 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: 36

Level of Education:
Bachelor Degree

Job application procedure
• Interested and qualified? Click here to apply

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QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Management jobs in Kenya
Job Type: Full-time
Deadline of this Job: 10 August 2022
Duty Station: Nairobi
Posted: 04-08-2022
No of Jobs: 1
Start Publishing: 04-08-2022
Stop Publishing (Put date of 2030): 04-08-2065
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