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Subrogation Resolution Specialist - Property

Employer
Liberty Mutual Insurance
Location
Westborough, Massachusetts
Salary
Not Specified
Closing date
Sep 17, 2019

View more

Category
Claims
Job Type
Not Specified
Career Level
Not Specified

Job Details

Advance your career at Liberty Mutual - A Fortune 100 Company!

Coordinates, investigates, negotiates and recovers complex subrogation cases in multiple claims lines, under minimal supervision. May involve multiple systems.

Evaluates legal liability and aggressively pursue, negotiate and resolve subrogation collection. Secures additional information/investigation from referring claim technician, as necessary. Communicates with insureds, agents, witnesses, attorneys and underwriters to obtain/provide necessary information.

Responsibilities:

  • Negotiates settlements with responsible parties, their carriers or legal counsel. Where a compromise settlement can't be reached, directs legal action versus potentially responsible parties or file arbitration on matters that fall within the compulsory aspect of inter-company arbitration. Manages legal counsel on litigated matters
  • Communicates with policyholders and agents on the status of pending subrogation matters, where required by statute, regulation or service standards.
  • Preserves evidence and protects the chain of custody. Arranges for expert analysis, including cause and origin evaluation.
  • Partners with claims representatives regarding subrogation identification and investigation as needed
  • Provides early consultation on arising claims with subrogation potential to field claims personnel or staff.
  • Assists with departmental training and communication as needed.
  • Adheres to all applicable statues and regulations.
  • Reimburses insureds’ deductible where appropriate.
  • Performs other duties as assigned.

Qualifications:

  • Strong verbal and written communication skills.
  • Technical knowledge of multiple claim lines. Excellent organizational and time management skills.
  • Solid understanding of applicable statutes, regulations and case law with a bearing on legal liability, collections and subrogation processing.
  • The capabilities, skills and knowledge required is normally acquired through a Bachelor’s degree or equivalent experience and 1-3 years of directly related experience.
  • Ability to obtain proper licensing as required.

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, it’s our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Overview:

At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.

We’re dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.

Company

When people have a sense of security, they are free to relax, venture out, and live their lives. This is the feeling Liberty Mutual brings to the world every day. Founded in 1912, we are a global leader in property and casualty insurance, focused on protecting and preserving the lives and dreams of customers in more than 30 countries. With over 50,000 employees throughout the world, we offer you the chance to work for an evolving, growing company with a deep sense of humanity and a commitment to diversity and philanthropy. Join our team and go to work knowing that what you do matters. Because really it does.

 

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