Head of Claims

Job Description

Title: Head of Claims

Company Name: Reliance Insurance Limited

Vacancy: 1

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Bachelor degree in any discipline
∎ Skills Required: Ability to Work Under Pressure, Good Team Leader, Must have good oral and written communication skill in English, Negotiation Skills

Experience Requirements:
∎ At least 10 year(s)
∎ The applicants should have experience in the following business area(s): Insurance

Job Context:
∎ The incumbent will act as the key person at Claims Department of the Head Office and S/he will be responsible for execution of all strategic claims decisions so made by Board of Directors under direct supervision of the Chief Executive Officer (CEO).
∎ In addition to looking after all compliances affairs relating to claims management, the Head of Claims will be leading all of the members of claims team at Head Office.

Job Responsibilities:
∎ Supervising the claims team comprising of 08-10 persons.
∎ Ensuring compliance to claims manuals of the company, and working with the underwriting, finance team, and insurance surveyors
∎ Investigating, evaluating and settling claims as per company best practices
∎ Applying technical claims skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio.
∎ Adjusting claims reserves or providing reserve recommendations to ensure that reserve activities are consistent with corporate policies.
∎ Resolving severe exposure claims, using high service-oriented file handling, and paying and processing claims within designated authority level.
∎ Taking legal counsel on claims requiring litigation, and maintaining claim files such as records of settlement.
∎ Designing and implementing various policies and procedures for claims' team.
∎ Reviewing various statistical data to make informed decision in underwriting and claims
∎ Guiding the underwriting team in pricing strategy
∎ Leading the team in preparation of claims statistics
∎ Co-operating with marketing, underwriting, finance and reinsurance departments.
∎ Conducting training session to keep the team members up-to-date with trends.
∎ Reporting to the Chief Executive Officer (CEO) and Board of Directors.

Additional Requirements:
∎ Age at least 35 years
∎ Both males and females are allowed to apply
∎ Preference will be given to candidates having professional qualifications in insurance

Salary: Negotiable

Compensation & Other Benefits:
∎ Mobile bill, Tour allowance, Medical allowance, Performance bonus, Provident fund, Weekly 2 holidays, Insurance, Gratuity
∎ Salary Review: Yearly
∎ Festival Bonus: 2
∎ Excellent working environment.

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 15 May 2021

Company Information:
∎ 25 Apr 2021
∎ Reliance Insurance Limited
∎ Address : Level - 5, Space - 503 & 504, Bir Uttam Mir Shawkat Sarak, 186 Bir Uttam Mir Shawkat Sarak, Dhaka-1208
∎ Web : www.reliance.com.bd
∎ Business : Non-life Insurance

Category: Bank/Non-Bank Fin. Institution

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