Vacancies
A career at AIICO Insurance Plc. affords a truly unique experience which offers more than just the opportunity to work for a strong, stable and value- rich company. A career at AIICO is an opportunity to be part of a company with a strong legacy, a dynamic structure, a futuristic outlook and a company that continuously impacts the society in many positive ways.
AIICO affords its employees an unparalleled foundation on which to build their careers, creating the opportunity of being part of a bright, interesting and experienced team working together to chart new paths in the insurance sector. We offer not only an opportunity to build your career and realize your potentials but the rare chance to make a difference in the lives of our diverse clientele and the society at large.
THRIVE PROFESSIONALLY AND PERSONALLY AT AIICO INSURANCE PLC
At AIICO Insurance Plc., we believe in fostering an environment where individuals excel, both personally and professionally. We offer a comprehensive employee value proposition designed to empower you, support your well-being, and fuel your career aspirations.
We offer:
- Stress-Free Work-Life: Hybrid work schedules, competitive leave, and reliable transportation.
- Holistic Wellbeing: Health & wellness programs, and subsidized gym memberships.
- Grow with Us: Sponsorship for professional certifications, coaching, learning and development opportunities, and more.
At AIICO, we recognize that our employees are our greatest asset. We are committed to fostering a supportive culture where you feel valued, respected, and empowered to achieve your full potential. Join us and embark on a rewarding career journey that makes a difference.
Currently Available positions
RECOVERY OFFICER – NON-LIFE CLAIMS
location
Lagos, NigeriaJob Cateogry
RECOVERY OFFICER – NON-LIFE CLAIMSClosing date
To Efficiently pursue and finalize recoveries from liable third parties or insurers due to the company through subrogation and other recovery avenues.
ROLE COMPLEXITY
- The officer handles varied claim types (motor, property, liability, etc.).
- Needs to interpret policies and legal liability.
- Coordinates with internal and external stakeholders (claims teams, legal, brokers, reinsurers).
- Makes judgment calls on recovery potential and negotiation strategies.
- Directly influences the company’s loss ratio and financial performance.
ROLES AND RESPONSIBILITIES
- 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.
CORE COMPETENCIES
- Integrity & Ethics
- Analytical Thinking
- Result Orientation
- Communication & Interpersonal Skills
- Teamwork & Collaboration
FUNCTIONAL COMPETENCIES
- Claims Knowledge
- Recovery & Subrogation Expertise
- Negotiation Skills
- Legal & Regulatory Understanding
- Data Management & Systems Proficiency
EDUCATION AND EXPERIENCE
- B.SC./HND/LLB, BL
- ACII
- AT LEAST 5 YEARS WORK EXPERIENCE AS A RECOVERY OFFICER