Job Description : Recovery Initiatives and Management Implement strategies to ensure faster in time recovery of all Recovery cases with minimum expenses to optimize claims cost saving/ recovery revenues. Preparation of Recovery reports and action plans Support in setting up infrastructure for collection (empanelment of Advocate and Recovery Agent) Field visit for the high values cases for Negotiation Support to track and locate the Skip customers through the necessary means to begin the recovery process. Report the waiver % and settlement ratio trend and plan for recovery enhancement Meeting with law enforcement agencies like, Police, Law, other Govt agencies in order to take the case into logical conclusion. Alert to superiors on Portfolio status and unwilling or unable to pay details Keeping and maintaining collection records with the use of relevant materials or software Attending educational programs for professional growth and skill development. Preparing timely monthly, Quarterly and Annual reports Analyzing the trend of recoveries as per Location, profile and giving the feedback to claims team for improving the claims experience Ensuring that recovery payment are timely and reconciled and write offs are managed and maintained in the data base Recovery - Litigation activities Recovery of award amount on the pay & recovery cases Implement strategies to bring down the Execution petition time period Arrange meetings with court personnel for faster recovery process Comply with requirements when legal action is unavoidable Mandatory Skills: . A minimum of 5-6+ Yrs. of work experience. . Good understanding of insurance / or financial transactions . Exposure in financial institution with great negotiation skills . Working knowledge of MS Office and databases . Hands on experience in field investigation or worked in revenue assurance department for collection and asset recovery Education/Qualification: Graduate/Post Graduate Education/Qualification:Graduate / Post Graduate Years Of Exp :3 to 7 Years
