Job Summary
To initiate actions and follow up payment/refund of claims to third party insurers.
Job Description
- Receiving demand letters from the Third-party insurer where FAK clients are to blame and actioning as per the knock for agreement.
- Appointment of service providers to handle Third Party recovery matters as per policy and maintenance of a register for such appointments.
- Responding to advocates correspondence and ensuring up to date information is in each file.
- Ensure recovery of matters where Third Party are to blame for a loss and update the register.
- Triannual review of advocate status report and ensuring the files are up to date.
- Ensuring payments of service providers are raised in good time, authorized and forwarded to Finance Department.
- Preparing recovery reports & opinions.
- Approving all recovery debits as per the approval limits
- Reviewing the external advocates fees to ensure that the fee notes are raised as per remuneration order.
- Attending court hearing on behalf of the FAK as and when required.
- Ensure Status Reports from service providers are received as per the guidelines.
- Prepare monthly reports and any other report that may be requested.
Education & Professional Qualification
- Bachelor’s degree in insurance or a business related eld.
- At least five (5) years of relevant experience in similar role.
- Relevant insurance professionals or equivalent and hold membership in recognized insurance professional bodies.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
