Subrogation Specialist (1099 Contractor)

Our client is looking to add an experienced Subrogation Specialistas an independent contractor.

Are you an experienced claim adjuster? Are you ready to take the next step in your career? Maybe you’re looking for advancement opportunities, a better work-life balance, or just something new and exciting!

The primary responsibility of the Subrogation Specialist is to perform claim investigation, valuation, negotiation and settlement of assigned subrogation recovery claims. These claims will range in complexity. The majority of the claims involve commercial transportation.

ESSENTIAL JOB FUNCTIONS & RESPONSIBILITIES

• Manage an inventory of 100-125 claim files and make consistent contact with identified third parties to achieve gross recoveries of $100,000 or more per month
• Review, analyze, and process claim documents and inquiries related to first party physical damage claims, cargo, property and workers’ compensation
• Provide assistance and work collaboratively with client to accurately prepare claims documentation
• Investigate, analyze, determine potential liability, and effectively settle with adverse parties
• Properly assess the cause of action, recoverable damages, liability and expense exposures.
• Present demands to the adverse third party and ensure the effective, timely, and accurate payment of these demands
• Maintain regular contact and active follow-up to negotiate settlements with third parties to include approximately 30-40 calls and e-mail communications per day to drive settlement demands/negotiations.
• Negotiate and settle claims on behalf of clients within authority, at the earliest possible point to bring cases to final disposition.
• Maintain a current diary for each claim assigned
• Establish and maintain professional relationships
• Process all subrogation claim assignments within 1 business day of receipt
• Handle an appropriate referral for any file requiring Department of Insurance or Legal Counsel involvement
• Remains abreast of new case law and statutes affecting subrogation.

EXPERIENCE

• Minimum of five years work experience in a claims as an adjuster.
• Prior experience with multi-lines commercial coverage.
Prior work experience in transportation claims is a plus.

SKILLS & COMPETENCIES

• Problem Solving: Ability to assess and solve problems quickly and accurately
• Communication: Strong and professional verbal and written communication skills; able to actively listen and complex issues
• Negotiation: Ability to navigate sensitive or difficult claims and achieve desirable outcome for all parties involved
• Strong sense of urgency, ability to work independently with attention to detail
• Ability to think critically to form a reasonable argument to present to an adverse third party with minimal supervision;
• Self-motivated and able to operate independently in a fast-paced, energetic environment
• Demonstrate professionalism by treating internal and external clients professionally at all times
• Working knowledge of Microsoft Office products and PDF