EVP/SVP (Claim & Reinsurance)

Job Description

Title: EVP/SVP (Claim & Reinsurance)

Company Name: Union Insurance Company Ltd.

Vacancy: 1

Age: 35 to 45 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• 8 to 15 years
• The applicants should have experience in the following business area(s): Insurance

• Master of Arts (MA)
• Master of Science (MSc)

• MA/ M.Sc. / M. Com / MBA (Any Discipline). Insurance Diploma Holder will be preferred.

• 8 to 15 years
• The applicants should have experience in the following business area(s): Insurance

• Age 35 to 45 years

• MS Word/ Excel/ PowerPoint/ OneNote

• Writing Skills in Bangla and English

• We are looking for a strong professional to lead our Claims Department for Non-Life Insurance Company.

Key Responsibilities

• The applicants should have experience in the following area’s - Claim, Re-insurance, Problem solving and decision making ability in the non-life insurance company

• Scrutinize the insurance policies, risk segregation, Facultative Risk offering and ensure adequate reinsurance arrangement to Increase stability & Security.

• Negotiating and finalizing terms for both treaty and facultative reinsurance agreements with SBC.

• Raising credit and debit notes, verifying reinsurance accounts, and coordinating with the finance department for timely premium remittances and claim recoveries.

• Prepare letter regarding appointment of surveyor, asking for requisite document according to checklist, loss vouchers with forwarding and cheque forwarding.

• Prepare all official letters (Bengali & English) as required.

• Examination & Scrutiny of all claim related documents and processing of file & put up for Management decision.

• Prepare Note sheet regarding Claim settlement.

• Prepare Monthly, Quarterly & Yearly Claim Lodge, and Claim Paid & Claim outstanding Statements as and when required.

• Prepare Claims Meeting Resolution & Top sheet.

• Prepare various kinds of Statements as required by IDRA & BIA etc.

• Visit accidental places/properties with surveyors as and when attached by management.

• In addition to the above also preferred experience in Reinsurance work and any other assignment/jobs will also perform as and when required by the Management.

• Mobile bill, Provident fund, Life Insurance, Gratuity.

• Salary Review: Yearly