Recovery Specialist, Large Loss

Western World Insurance Company

New Jersey, US
Base: $70,000-$82,000; bonus: eligible per incenti...
Five years property & casualty insurance experience
Advanced knowledge of commercial lines of business
Proficient in complex bond files and large property claims
The Recovery Specialist is responsible for the end-to-end recovery process to maximize amounts received from third parties while minimizing recovery expenses

Job Summary

  • The Recovery Specialist is responsible for the end-to-end recovery process to maximize amounts received from third parties while minimizing recovery expenses.
  • This role involves managing the most complex, highest value claim recovery cases covering multiple commercial insurance lines within the North American region.
  • AIG offers a comprehensive Total Rewards Program focused on health, wellbeing, financial security, and professional development for its team members.

Matching Summary

The Recovery Specialist is responsible for the end-to-end recovery process to maximize amounts received from third parties while minimizing recovery expenses.

Salary

Base: $70,000-$82,000; Bonus: Eligible per incentive plan; Benefits: Competitive package including health and financial security

Skills & Requirements

Must-have

  • Five years Property & Casualty insurance experience
  • Advanced knowledge of commercial lines of business
  • Proficient in complex bond files and large property claims
  • Expertise in recovery/claims-related state laws
  • Ability to negotiate settlements and handle arbitrations

Nice-to-have

  • Subject matter expert training capabilities
  • Experience with administrative and criminal court testimony
  • Strong collaboration with attorneys and vendors
  • Adaptability to tight timelines and ad-hoc projects

Key Requirements

  • College degree strongly preferred
  • Five years' experience within Property & Casualty industry
  • Prior experience in claims recovery and commercial lines
  • Thorough working knowledge of MS Office applications

Work Rights

Not specified

Tailored Resume

Cover Letter