Base: $70,000-$82,000; bonus/equity: eligible for ...
On-site
End-to-end recovery process
Pursuit of recovery/subrogation opportunities
Complex, highest value claim recovery cases
Western World Insurance Company is seeking a Recovery Specialist for Large Loss claims in New Jersey. This role involves managing complex recovery processes and negotiations for significant insurance claims while working in a collaborative office environment
Job Summary
The Recovery Specialist is responsible for the end- to- end recovery process to include; investigation, identification, and pursuit of recovery/subrogation opportunities to maximize amounts received from third parties who are wholly responsible or share liability for damages paid to claimants by AIG, while ensuring recovery expenses are minimized.
This role regularly requires the exercise of discretion and professional judgment in evaluating whether to pursue recovery and in negotiating settlements.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.
Matching Summary
Match Score: 85
Western World Insurance Company is seeking a Recovery Specialist for Large Loss claims in New Jersey. This role involves managing complex recovery processes and negotiations for significant insurance claims while working in a collaborative office environment.
Salary
Base: $70,000-$82,000; Bonus/Equity: eligible for a bonus; Benefits: competitive benefits
Skills & Requirements
Must-have
end-to-end recovery process
pursuit of recovery/subrogation opportunities
complex, highest value claim recovery cases
evaluate liability issues
negotiate settlements
apply state laws
manage caseload across relevant jurisdictions
Nice-to-have
reimagining the way we help customers
exercise of discretion and professional judgment
customer service assistance
establish and maintain professional working relationships
subject matter expert
Key Requirements
Five years’ experience within the Property & Casualty insurance industry
College degree strongly preferred
Proficient knowledge of complex bond files and/or large property claims
Advanced working knowledge of Property and Specialty Lines of Business
Prior experience in claims recovery, commercial lines of business