Benefits and Claims Officer at AIICO Insurance Plc

AIICO Insurance Plc (NSE Ticker: “AIICO”), established in 1963, is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management, Life assurance and annuity, General insurance and special risks, Health insurance and, Asset management.

We are recruiting to fill the position below:

Job Title: Benefits and Claims Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

• Prepare maturity notices
• Compute maturities due to policyholders and send out maturity notice to the Agencies or the policyholders.
• Receive and review benefits/claims documents: Verify submitted document, process complete documentation for payment and communicate policyholders/beneficiaries for incomplete documentation.
• Investigate death/disability claims: Field investigation verifying information in claim documents.
• Compute benefits/claims payable: Calculate surrender, loan and partial withdrawal value.
• Process benefits/claims: Process payments for voucher and send same to Finance.
• Communicate payment evidence to Agencies: Follow up with Finance for completion of payment and communicate evidence to Agencies.
• Prepare and present weekly/monthly reports: Collate transactions and present weekly report.
• Register CTR report: Capture transactions from N5,000,000.00 and above for regulatory compliance.
• Generate and share maturity listings among the team: Prepare monthly maturity listings for computation of maturity notices.
• Review of monthly reports with actuary team: Review actuarial data of unpaid maturities for proper reserving.
• Create,review and update process calculators: Develop Microsoft Excel Calculators for efficient computing.
• Collation of higher approval requests: Review transactions between 5,000,001.00 to 10,000,000.00
• Carry out other duties as assigned.

Requirement

• Candidates should possess a B.Sc Degree in related fields with 1 - 2 years work experience.

Application Closing Date
28th April, 2025.