Subrogation Specialist II
The Subrogation Specialist identifies subrogation potential within company standards and best practices and handles recovery for Workers Compensation and Property/Auto damage. This role prepares lien notice letters, negotiates settlements, and provides customer service to all stakeholders.
This role is available for remote, hybrid and onsite work arrangements.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES:
- Identify subrogation potential based on facts of loss, working closely with Workers' Compensation Claims Specialists or Liability Claims Specialists (property/auto)
- Contact liability insurance carriers or third-party attorneys to negotiate settlements
- Identify at fault parties and send lien notice letters of recovery rights via mail/email
- Maintain diary to follow up on claims status and Third Party settlements
- Negotiate recovery of clients' damages
- Communicate claim status with claimant and clients' risk management
- Adhere to client guidelines & participate in claim reviews as needed
- Develop & maintain professional customer relationships
- Manage a queue of claims with a 250-300 claim volume
- Assist management in filing Inter-Company Arbitration
- Research, analyze, and interpret nationwide subrogation laws
- Additional duties as assigned
KNOWLEDGE & SKILLS:
- Excellent written and verbal communication skills
- Working knowledge of Microsoft Office (Word, Excel)
- Effective analytical and interpretive skills
- Strong organizational skills
- Ability to work independently and in a team environment
- Ability to negotiate settlement over the phone
EDUCATION & EXPERIENCE:
- Four-year degree at an accredited college or university preferred
- Experience in workers comp subrogation or auto damage subrogation preferred; experience in PIP/Med Pay subrogation will also be considered
PAY RANGE:
CorVel uses a market based approach to pay and our salary ranges may vary depending on your location. Pay rates are established taking into account the following factors: federal, state, and local minimum wage requirements, the geographic location differential, job-related skills, experience, qualifications, internal employee equity, and market conditions. Our ranges may be modified at any time.
For leveled roles (I, II, III, Senior, Lead, etc.) new hires may be slotted into a different level, either up or down, based on assessment during interview process taking into consideration experience, qualifications, and overall fit for the role. The level may impact the salary range and these adjustments would be clarified during the offer process.
Pay Range: $43,886 - $65,638
A list of our benefit offerings can be found on our CorVel website: CorVel Careers | Opportunities in Risk Management
In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening, whichever comes first.
ABOUT CORVEL
CorVel, a certified Great Place to Work® Company, is a national provider of industry-leading risk management solutions for the workers' compensation, auto, health and disability management industries. CorVel was founded in 1987 and has been publicly traded on the NASDAQ stock exchange since 1991. Our continual investment in human capital and technology enable us to deliver the most innovative and integrated solutions to our clients. We are a stable and growing company with a strong, supportive culture and plenty of career advancement opportunities. Over 4,000 people working across the United States embrace our core values of Accountability, Commitment, Excellence, Integrity and Teamwork (ACE-IT!).
A comprehensive benefits package is available for full-time regular employees and includes Medical (HDHP) w/Pharmacy, Dental, Vision, Long Term Disability, Health Savings Account, Flexible Spending Account Options, Life Insurance, Accident Insurance, Critical Illness Insurance, Pre-paid Legal Insurance, Parking and Transit FSA accounts, 401K, ROTH 401K, and paid time off.
CorVel is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.
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