Head of Claims

Job Description

Title: Head of Claims

Company Name: A reputed insurance company

Vacancy: 01

Location: Dhaka

Minimum Salary: Negotiable

Experience:
∎ 5 to 8 years
∎ The applicants should have experience in the following business area(s):Banks, Insurance

Published: 20 Jan 2025

Education:
∎ Bachelor of Arts (BA), Master of Business Administration (MBA), Master of Business Administration (MBA) in Insurance

Requirements:

Responsibilities & Context:
∎ *Responsible for implementing best practices based on company goals.
∎ *Provide support, guidance, leadership and motivation to promote maximum performance.
∎ * Responsible for preparing executive reporting and analysis that is consistent with defined standards and processes.
∎ * Provide technical guidance to staff on claim investigation, reserving evaluation and resolution of claims.
∎ *Partner with analytical team to produce necessary results and trending reports for leadership.
∎ * Manage all aspects of the day-to-day operations of claims department.
∎ *Interact extensively with various parties involved in the claim process.
∎ * Remain current on tort reform and aware of impact on claims management strategies.
∎ *Collaborate with other Claims and business leaders to define and drive enterprise initiatives.
∎ *Assist or prepare files for lawsuit, trial or subrogation.
∎ * Manage complex general liability and automobile claims, both litigated and non-litigated.
∎ * Conduct annual plan and budget preparation under guidance provided by leadership.
∎ *Create an environment that encourages and values the opinions of others and promotes sharing of information and ideas.
∎ * Provide staff with standards of performance and inform them of job expectations.
∎ *Oversee monitoring and tracking of individual and unit's performance against established productivity and quality metrics.
∎ A claim manager receives, assesses and manages the claims made by insurence. Essentially, they assess whether or not a claim is valid and organize any action that is needed.

Skills & Expertise:

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Read Before Apply: A reputed leading & listed Non-Life Insurance Company of the Country is going to hire the top -level executive. Looking for innovative, self-motivated, pro-active professionals for the position.

Company Information:
∎ A reputed insurance company

Application Deadline: 18 Feb 2025

Category: Bank/Non-Bank Fin. Institution

Interested By University

University Percentage (%)
National University 13.92%
University of Dhaka 8.02%
University of Chittagong 2.53%
BRAC University 2.11%
Jagannath University 2.11%
1.69%
Jahangirnagar University 1.69%
Southeast University 1.27%
North South University 1.27%
BANGLADESH OPEN UNIVERSITY 1.27%

Interested By Age Range

Age Range Percentage (%)
20-30 32.49%
31-35 24.05%
36-40 13.50%
40+ 26.58%

Interested By Salary Range

Salary Range Percentage (%)
0-20K 7.20%
20K-30K 21.61%
30K-40K 13.98%
40K-50K 8.47%
50K+ 48.73%

Interested By Experience Range

Experience Range Percentage (%)
0 years (Freshers) 18.14%
0.1 - 1 years 6.75%
1.1 - 3 years 10.97%
3.1 - 5 years 11.39%
5+ years 52.74%

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