Recovery Officer – Non-life Claims at AIICO Insurance

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
5 hours ago

Additional Details

Job ID
144383
Job Views
26

Job Description

  • Application Deadline:
  • Position: Recovery Officer – Non-life Claims


  • Job Type Full Time


  • Qualification BA/BSc/HND


  • Experience 5 years


  • Location Lagos



  • Job Field Law / Legal 









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.



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