Casualty Subrogation Specialist

Description

SUMMARY

Responsible for the technical evaluation negotiation and settlement of casualty subrogation files with a focus on identifying pursuing and maximizing recovery opportunities; minimizing loss exposure; controlling expenses; and managing the full lifecycle of arbitration filings.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Manage a caseload of varying complexity files while maintaining accurate documentation and timely follow-up
• Prepare and submit demands to opposing insurance carriers and negotiate settlements in accordance with company procedures and industry regulations
• Initiate and manage intercompany arbitration through Arbitration Forums as both Applicant and Respondent
• Collaborate with business partners including attorneys and other vendors to pursue uninsured or other at-fault parties
• Handle recovery payments and process deductible reimbursements
• Communicate with insureds to provide status updates on deductible recovery efforts
• Conduct asset investigations on claimants to support substitution of benefits decisions on UIM claims

REQUIRED SKILLS & ABILITIES

• Advanced analytical problem-solving and critical thinking skills
• Strong attention to detail
• Excellent written and verbal communication skills
• Highly organized and skilled at prioritizing workload to meet demanding deadlines
• Strong negotiation skills for settlement and recovery strategies
• Ability to articulate comparative negligence evaluate recovery potential and make sound business decisions
• Deep understanding of insurance policies laws industry regulations and recovery processes
• Ability to work independently as well as collaboratively with internal coworkers vendors and attorneys

EDUCATION &/OR EXPERIENCE

• 5 years of liability claims experience required
• Auto subrogation experience preferred
• Previous experience with Arbitration Forums preferred
• College Bachelors degree preferred
• AIC or other relevant insurance designation preferred
• Active Oklahoma adjuster license or obtained within 6 months

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee is regularly required to sit reach with hands and arms to operate computer keyboard talk and hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision distance vision and ability to adjust focus.

Required Experience:

IC