Legal Recoveries Advisor

3 days ago

Centurion, South Africa Momentum Insure Company Limited Full time

**Introduction**
- Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

**Disclaimer**
- As an applicant, please verify the legitimacy of this job advert on our company career page.

**Role Purpose**
- Ensure that recoverable amounts from third parties are pursued efficiently, legally, and ethically, contributing to loss ratio improvement and overall profitability.

**Requirements**:

- Matric or equivalent
- FAIS accreditation or FAIS recognized qualification will be advantageous
- 1-3 years’ experience in Short Term Insurance
- 1-3 years’ experience in Legal Recoveries

**Duties & Responsibilities**
- Initiate and manage recovery actions against liable third parties post-claim settlement.
- Assesses allocated files for recovery possibilities and extensive liaison and negotiation with individuals, insurance companies and attorneys
- Handling admin related task generated from these actions and maintain an accurate record of recovery actions and financial outcomes. (reports, scanning, photographs, etc).
- Handling and resolving all queries and problems from clients and third parties
- Conduct all the above to the required performance and quality standards that are in place
- Payment of claims and invoices from service providers within specific turnaround times

**Competencies**
- Administration and organisational skills
- Good communication skills (verbal and written)
- Problem solving/initiative
- Negotiation skills
- Customer service oriented
- Deadline and results oriented
- Attention to detail

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