Recoveries Officer (Contract) pursues subrogation, negotiates recoveries, and manages legal collections, requires an Insurance/Law/Business Degree and 3+ years recovery experience.
Key Responsibilities
Keeping
recovery records which include:
Recovery
register
Discharge
vouchers register
Incoming
cheques register both from advocates and in-house settlements
Monitoring
the Recovery register; this includes but is not limited to updating the same
and ensuring that all matters appearing are recoverable, and not time-barred.
Responding
to demand letters to third parties and insurance firms.
Drafting
legal opinions on settlement proposals on matters in court, swapping, and
pursuing the knock-for-knock settlements.
Following
up with witnesses to attend court when required.
Sending
reminders and follow-ups.
Replying
to third-party demands.
Conducting
negotiations, including organizing meetings with various parties.
Appointing
investigators.
Appointing
advocates.
Following
up on court documents.
Attending
court where necessary.
Processing
payments to insureds and advocates.
Reviewing
and closing files where cases have been concluded.
Academic
Qualifications
A
Bachelor’s Degree/diploma in Law or equivalent.
Skills & Attributes
Diploma
In Legal Practice as an added advantage
Professional Qualifications
Diploma
In Legal Practice as an added advantage
Experience
At least
3 years of relevant experience in the insurance industry with 2 years in
recoveries.
