Subrogation Specialist is responsible for subrogation activities including the identification and research of subrogation claims. Assists in the recovery of overpayments for duplicate coverage, workers' compensation, and no-fault claims. Being a Subrogation Specialist identifies legal liability and pursues, negotiates, and settles subrogation collection. Researches paid claims, answers inquiries, and coordinates with other departments, insurance adjustors, attorneys, and members. Additionally, Subrogation Specialist interacts with policyholders, claimants, witnesses, and underwriters to recommend and document the necessary information to close a file. Collects information needed to determine when an on-site investigation is necessary. Requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Subrogation Specialist works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Subrogation Specialist typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Job Description
The Subrogation Claims Specialist/Recovery Agent is required to pursue responsible parties for outstanding insurance claims. Also make and attempt to recover any valid insurance information to cover the responsible party for the loss.
Essential Functions
1. Contact adverse via mail and phone for their insurance information or recover the monies owed.
2. Negotiate the recovery of payments made on behalf of our client’s insured for damages sustained on claims assigned to us from major insurance companies.
3. Develop strong theories of liability based on evidence supplied by our client.
4. Overcome disputes.
Skills and Attributes
· Require at this level include knowledge of applicable rules and statues of the process and principals of the insurance and basic subrogation concepts.
· Ability to use computers to access standard data base
· Communicate effectively with others, both orally and in writing
· Establish and maintain effective working relationships with others.
Training will be provided for the right candidate.
Job Type: Full-time
Benefits:
Schedule:
Supplemental pay types:
Work Location: In person
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