Job Description

Selling Points of Position:

• Networking and great experience \xe2\x80\x93 work with people in various parts of the bank (HR, legal, health and safety, retail banking ,enterprise real estate) has access to different areas of the bank and great exposure.

Department Overview

• This individual will be working on the team for the Risk Management program. This program is involved in overseeing any claims that come in and manage and recover funds, etc. involve in litigation and mitigation for small claims against the bank.
• This is a administrate role and the individual hired will need to have a genera capability to work with vendors, managing relationships and working towards established service levels. In this role induvial will do the following:

o Administrative work involved in billing and invoicing, incurred legal expenses, medical expenses, and reports that need to be tracked, recording and paid, and managed.
o Will be Reporting to establish financial provisions for claim loss, and report loss incident and data input.
o Liaising with people in the bank \xe2\x80\x93 communicate with different areas to get information and have surveillance video maintained and receive health and safety reports is someone had incident in a branch; they will do reporting.
o Managing an inbox where people may advise there have been certain accidents or property damage that needs to be managed and work with third party adjustor to get these events managed and overseeing admin aspects.

Description:

• Under minimal supervision contribute to Corporate Insurance (CI) objectives of helping protect the Bank\xe2\x80\x99s businesses from adverse impacts of risk events. Under the CI portfolio, handle and proactively manage with a high level of technical expertise all aspects of claims administration including coordination with third party claims adjuster, invoicing, financial reporting and admin support.
• Responsible for coordinating the reporting and response between client third-party claims adjuster and internal lines of business stakeholders at client. Includes capturing new risk events (property, auto and health and safety reports) and triggering applicable downstream processes.
• Administer payment of claims related expenses and recovery of insurance and subrogation proceeds.
• Follows established loss reporting and internal risk event reporting, while ensuring regulatory compliance where applicable.
• Analyzes claim reserves quarterly for variances versus previous quarter reserves and for appropriateness versus claim payments, and reports to Finance for provisioning.
• Coordinates physical premises evaluation scheduling and reporting between internal real estate stakeholders and property insurer.
• Participates as incident response liaison and for cyber and Blended program events.
• Some travel may be required for mediations, inspections, or similar activities.
• Emphasis is placed on working in a team environment that supports individual learning and development and the achievement of goals and objectives while creating and maintaining a positive and motivating work environment

Skills:

• Verbal and written communication skills, problem solving skills, attention to detail and interpersonal skills.
• Ability to work independently and manage one\xe2\x80\x99s time.
• Basic mentoring skills necessary to provide support and constructive performance feedback.

Must Have:

• 2-4 years\xe2\x80\x99 experience administrative experience and/or insurance background
• Multi-tasking and coordinate between vendors
• General familiarity with financial reporting
• Microsoft suite \xe2\x80\x93 excel, work, outlook, PowerPoint, and PDF writer
• General familiarity with property casualty insurance

Nice To Have

• Analysis capability
• Experience working on projects

Job Details

10650

Contract

1 year

Toronto

ProViso Consulting