Insurance Officer Vacancy at Philly & Mools, December 22nd 2013

Philly & Mools is a privately owned company managed by certain individuals in response to the growing and vibrant auto sector in the Nigerian economy.
A member of the Philly and Mools Group, the automobile company has been able to achieve this by selling new cars and first class imported used cars which represent our passion for quality, character and a combination of strength and style in the execution of our sales.

Philly & Mools is recruiting to fill the position below:

Job Title: Insurance Officer
Location: Lagos
Job Description

• Review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures.
• Report overpayments, underpayments, and other irregularities.
• Liaising with legal departments to keep updated on the government regulations
• Calculate benefit payments and approve payment of claims within a certain monetary limit.
• Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair.
• Ensure that all necessary information is provided to claims handlers in a timely manner.
• Giving technical and market support to the Company
• Carry out research and give periodic reports to the Group Company on current trends and foreseeable future needs of the insurance industry
• Develop and implement HSE policies for the Company
• Recommend and implement appropriate insurance policy cover for the current Company's infrastructure and assets.
• Ensure proper follow up of claims on behalf of existing clients
• Increase company's revenue profile through the renewal of premiums and generation of new businesses
• Maintaining a customer database
• Investigating customer's needs and advising appropriate insurance
• Confer with legal counsel on claims requiring litigation.
• Investigate, analyze, and determine the extent of insurance on company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants.
• Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information.
• Giving technical and market support
• Strategically create a platform for strong pool of business and subsequently force down premiums payable
• Prepare insurance forms to indicate repair cost or cost estimates and recommendations
• Obtain information from insured or designated persons for purpose of settling claim with insurance carrier
• Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives.
• Process new insurance policies, modifications to existing policies, and claims forms.
• Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records.
• Process applications for, changes to, reinstatement of, and cancellation of insurance policies.
• Manage long-term claims and reassess them regularly
• Make recommendations for the settlement of claims
• Ensure compliance with company policy and procedure relating to insurance.
• Perform any other task(s) assigned by your supervisor.

• Graduate qualification