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Beacon Insurance Company Limited

Senior Claims Technical Officer

Beacon Insurance Company Limited

  • Bridgetown / Port-of-Spain / Grenada
  • Not disclosed
  • Permanent full-time
  • Updated 06/11/2024
  • Human Resources
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The incumbent is responsible for providing technical claims support to the Claims Units in consultation with the Claims Manager-Technical Unit, to ensure that issues of quantum and liability are expeditiously addressed.

KEY POSITION RESPONSIBILITY:

  • Review and provide settlement recommendations, technical advice on claims referred by internal and external customers.
  • Conduct Audit of Claim files where required in compliance with regulators and the Company’s Claims Manual.
  • Monitor the effectiveness of Service Providers and make recommendations for improvements.
  • Collate information for claims activity analysis reports where required
  • Collate information for Statistical Reports for Internal and External Customers
  • Liaise with the Legal Division where required
  • Identify claims that require notification to Re-insurers and bring to the attention of the Technical Operations Division.
  • Participate in meetings and provide ideas and strategies to assist with the development of the Unit.
  • May be required to perform additional division related duties from time to time as instructed by the Manager.
  • Support a service focused environment and provide recommendations for improvements.
  • Effectively resolve Customer concerns as necessary.
  • Actively obtain Customer feedback and promptly correct deficient areas so identified.
  • Act as a subject matter expert for relevant learning and development programmes.
  • Create and conduct learning and development programmes and evaluations for assigned team members.
  • Complete any job-related function relevant to the Insurance Operations Property and Casualty Division that may be required.
KEY TECHNICAL COMPENTENCIES:
  • Advanced knowledge and understanding of the core principles of insurance and how this is applied.
  • Knowledge and understanding of the range of insurance products and services available in the market.
  • Knowledge and understanding of regulatory requirements and how to meet these on a day-to-day basis.
  • Advanced knowledge of how claims should be handled and managed.
  • Advanced knowledge and understanding of the claim’s notification process, how claims are validated and investigated.
  • Advanced knowledge and understanding needed to agree quantum and settle claims, identifying any opportunities for recoveries.
  • Advanced handling of individual and portfolios of claims cost effectively, minimizing claims leakage, and meeting organizational and customer claims service standards.
  • Knowledge of the underwriting process.
QUALIFICATIONS AND EXPERIENCE:
  • Bachelor degree in Insurance and Risk Management OR BA Degree in Management, Business Administration or other related field or technical certification.
  • CII Diploma or MICIA or PLAP or IIA Associate or AIC (Grade 1-2)
  • CII Advanced Diploma or CPCU or IRM
  • Minimum of five (5) years technical experience
  • Minimum of three (3) years Supervisory experience


Ref: BICL 117
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Beacon Insurance Company Limited

Beacon Insurance Company Limited

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