Job Description

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.

Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at www.momentumgroupltd.co.za

Disclaimer

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

Role Purpose

Effectively manage and oversee the Legal Recoveries and Liabilities Department's performance, operations, reports, system developments and projects pertaining to Personal Lines and Commercial Insurance, Disputed Claims, Legal Recoveries & Liabilities (Subrogation).

Requirements

Bachelors Degree in Law or Equivalent
5 years plus experience in the management of Legal recoveries and liabilities
8 years' plus experience in Legal claims within the Short-Term Insurance Industry for Personal Lines and Commercial Insurance
Understanding of Litigation, Recovery, Litigation and AODs systems and processes
Solid understanding of Claims Legal procedures & processes

Duties & Responsibilities

Overseeing the Legal Department's performance, operations, reports, system developments and projects pertaining to Personal Lines and Commercial Insurance, Disputed Claims, Legal Recoveries & Liabilities (Subrogation)
Litigation, SASRIA Recoveries, Broad form Liabilities, Tracker Warranty Recoveries, Service Provider Recoveries and Client Recoveries, etc.
Oversee Momentum Insure' Legal Firms' performance, legal costs and other expenses in relations to claims submitted
Manage Manex and Loss Ratio relating to the Claims Legal Recoveries and litigation Department
Reviewing policy wording amendments and scripting changes in conjunction with Corporate Legal and Risk & Compliance
Monitoring Risk and Compliance pertaining to the Risk register for the Legal Department
General Legal Support to Claims Department, Legal, Investigations, Disputes, Business Insurance
Assisting the procurement department with legal supplier onboarding and assessment of legal recovery claims.
Lead and mentor Legal Recoveries and Liabilities Team Managers
Collaborate with internal claims teams, external attorneys, and service providers to drive successful recoveries.

Competencies

Planning & Organising skills
Problem Solving, Innovation &Analysis
Written and Oral Communication
Resilience
Excellent negotiation skills
Accountability
Excellent at Information monitoring
Interpersonal skills
People Management
Understanding of business models and theories
Data Interpretation
* Business Acumen