Subrogation Specialist jobs in Rhode Island

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)

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Subrogation /Recoveries Specialist
  • Falvey Insurance Group
  • North, RI FULL_TIME
  • Summary of Position

    The Recoveries Specialist is a mid-level position that dynamically enhances the company’s success by applying the principles of subrogation to settled claims in order to recoup funds from liable parties whereby reducing overall loss ratios. The candidate should have experience working in an insurance claims, recoveries or legal setting and will be responsible for initializing, negotiating, and settling all assigned recovery claims.

    Position Functions

    The Recoveries Specialist is responsible for providing world class customer service and support to key stakeholders in all aspects of recovery/subrogation handling. The candidate will:
    1. Review claim files to identify, analyze and interpret subrogation potential.
    2. Prepare recovery demands and commence action by sending complete, accurate and detailed supports that identify and assert the liability of third parties across multiple lines of business utilizing in house proprietary systems.
    3. Utilize internal diary system to maintain regular ongoing communication with liable parties and prevent files from going stale.
    4. Directly consult with and assist in-house legal team on complex recovery claims.
    5. Refer applicable files to outside subrogation counsel if warranted.
    6. Maintain organized and detailed recovery claim files within internal database.
    7. Record and processes all recovery payments, issue payments for subrogation expenses and ensure policyholders are reimbursed proportionately.
    8. Maintain accurate and complete subrogation reports as directed and provides management with regular updates and status reports on subrogation files.
    Knowledge, Skills, & Abilities

    The candidate should be customer service orientated, demonstrate a positive attitude and the ability to share knowledge and work effectively in a team environment with all levels of company staff.  Additional skills include strong professional verbal and written communication, mathematics and analytics, time management and highly organized with the ability to manage and prioritize multiple projects independently in a fast-paced office environment.

    Other Requirements

    A working knowledge of all Microsoft Office products, Adobe, spreadsheet software, and general computer skills.
    A willingness to complete continuing education in the insurance field and participate regularly in professional development opportunities.

    Physical Requirements

    Must be able to sit and operate a computer; answer and communicate effectively on a telephone; operate fax and copy machine.

    Supervisory Responsibilities

    None

    Equipment Used

    Computer, telephone, fax machine, copy machine, postage meter, scanner.

    Hours of Operation and Working Conditions

    This position’s work hours are Monday through Friday 9am to 5pm, in a business-casual office environment. We currently operate in a hybrid capacity with 3 days in the office, Wednesday and Thursday are required and 2 days at home. This position requires occasional flexibility for working additional hours to accomplish project objectives. Occasional business travel may be required.
  • 1 Month Ago

R
Kitchen Designer/Sales Consultant
  • RIHI The Kitchen and Bath Specialist
  • Warwick, RI FULL_TIME
  • In-Home sales: Kitchen DesignerRIHI is a full-service Kitchen and Bath Remodeling company specializing in residential remodeling. We have been family-owned and operated for 75 years. Our mantra is to ...
  • 9 Days Ago

E
AP Specialist/Payroll Specialist
  • Encompass Health Rehabilitation Hospital of...
  • Johnston, RI FULL_TIME
  • AP Specialist/Payroll Specialist $21. 00 - $27. 00 / Hourly Compensation will be determined based on years of experience and applicable certifications. Payroll Specialist Career Opportunity Appreciate...
  • 14 Days Ago

E
AP Specialist/Payroll Specialist
  • Encompass Health
  • , RI FULL_TIME
  • $21.00 - $27.00 / HourlyCompensation will be determined based on years of experience and applicable certifications.Payroll Specialist Career OpportunityAppreciated for your payroll expertiseAre you pa...
  • 14 Days Ago

G
Expedition Specialist
  • Girl Scouts of Southeastern New England
  • Newport, RI FULL_TIME
  • Job Summary: To assist in the operation and facilitation of the Girl Scout expedition programs at Camp Rocky Farm. To provide for the health and safety of the campers - always act within the framework...
  • 10 Days Ago

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Vocational Specialist
  • Perspectives Corporation
  • North, RI FULL_TIME,PART_TIME
  • The Vocational Specialist assists participants with choosing, preparing for, obtaining and maintaining employment. More specifically, the Vocational Specialist works directly with participants to disc...
  • 10 Days Ago

Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Subrogation Specialist jobs
$44,629 to $55,295

Subrogation Specialist in Hialeah, FL
Subrogation specialists often represent insurance companies.
December 03, 2019
Subrogation Specialist in Altoona, PA
Working under the general supervision of the department manager, the Subrogation Specialist supports subrogation efforts by performing specialized duties related to the recovery of funds from responsible third-parties.
December 17, 2019
Subrogation Specialist in Orlando, FL
Let's find out what skills a Subrogation Specialist actually needs in order to be successful in the workplace.
December 23, 2019