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Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.
Job Summary:PRINCIPAL DUTIES & RESPONSIBILITIES:
1. Customer & Claims Management related to Investigations/ Legal/ Litigation/Jumbo claims
To support Major claims team on complex and large claims engaging with reinsurers and external parties for a fast resolution.
To coordinate and assist to resolve urgently all escalation via CRM/emails enquiries and complaints from all channels or customer.
To collaborate with all stakeholders internally focusing on resolving Customers requests without delay.
To support on technical knowledge to the claims team where required for a quick resolution.
To manage Customers sentiments with Compassion and Care along the Claims episode and keep customers informed on the progress of their Claims.
To engage with internal stakeholders through regular meetings on outstanding and complex issues for a quick resolution.
2. Claims Investigations
To lead and support in investigation of suspicious early and fraudulent claims engaging with team members to efficiently manage investigation for a fast resolution.
To build an effective investigation management.
To drive fast investigation outcome for a quick resolution.
To provide technical support to team as well as other stakeholders on non-disclosure fraudulent cases and covered/non-covered conditions.
To partake in activities to curb claims loss ratio.
To provide exceptional customers experience during their moment of truth while ensuring that we are in full compliance of Companys governance and best practices local regulations and Groups standards and guidelines.
3. Litigation Regulatory
To support and effectively manage all litigation cases through active follow-up and meet datelines.
To collaborate closely with all stakeholders i.e internal and external in handling of litigation cases and in preparation for trial.
To support and manage Ombudsman for Major claims by ensuring active follow-up and resolution to meet datelines.
To support by providing updates to regulatory i.e BNM LIAM PCA as and when required.
4. Risk Management
To support risk management through analysis and build strategy to manage risk and loss ratio such as fraud strategy fraud waste and abuse etc (implement monitor & control).
Work with reinsurers on sharing of claims investigation and legal fees related to claims where are ceded.
5. Others
To lead & drive Claim Committee Meeting discussing cases which requires CCM approval or notification striving to achieve consensus for all such cases.
To conduct Quality Review identify areas for improvement Training and Education and to review Quality Review SOP.
To support in Service Level Training and Review when required.
To engage in People Development HR participation.
JOB SPECIFICATION:
1. Qualifications
Degree in Biology / Biomedical Science / Business Administration / Mathematics / Economics / Statistics and/or a professional life insurance qualification eg. ACII AMII AAII FLMI
2. Experience
Minimum 10 years experience in Claims including 5 years at managerial level in life insurance claims administration
Extensive experience in all areas of claims with focus on Major Claims
3. Knowledge
Excellent command in English language both verbal and written
Strong conceptual and analytical skills
Strong technical skills in claims management
Knowledge on laws & regulations governing the insurance industry is highly essential
Able to multi-task and manage changing priorities effectively
Able to manage diverse relationships
Able to work with different stakeholders
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Required Experience:
Senior Manager
Full-Time