Technical Recovery Specialist


: $125,633.33 - $101,410.00 /year *

Employment Type

: Full-Time


: Financial Services - Insurance

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Are you looking for an opportunity to join a claims team with a responsible company that has consistently outpaced the industry in year over year growth? Commercial Insurance has an excellent claims opportunity available as a Technical Recovery Specialist on our Workers Compensation team. As a Technical Recovery Specialist, you will identify, investigate and recover money from third parties who are legally liable for the injury or loss. This position uses available resources to maximize recoveries and collects recovery at the earliest possible opportunity. Demonstrates an expert level of technical proficiency in managing, processing, and resolving high exposure, complex, third party claims. Acts as a technical resource and subject matter expert to entire Loss Recovery organization. Possess a high level of authority to negotiate lien reductions. Responsibilities: Investigates and identifies responsible third parties, determines liability, and use all available resources to maximize the recovery. Communicates with branch office case managers, policyholders, injured employees, witnesses, claimants, their attorneys and other involved parties etc. in order to gather information regarding the loss and uses internal and external resources when appropriate. Creates a refund card with an accurate assessment of the dollars expected to recover. Notifies third party and/or third party insurance carrier of our subrogation and right of recovery. Makes appropriate referrals to legal counsel to initiate litigation or intervene when appropriate and aggressively manages litigation for optimal outcome. Posts comprehensive resolution strategy in electronic file outlining the course of action to bring the subrogation claim to resolution with target dates. Negotiates recoveries with attorneys, third parties, and/or co-defendants in coordination with branch office efforts to resolve the claim. Ensures claim file has all documents to support subrogation recovery efforts. Manages a timely diary and follow up system on case assignment. Utilizes technical strategy and superior negotiation skills to maximize recoveries with attorneys, third parties, and/or co-defendants in coordination with branch office efforts to resolve workers compensation claims. Updates files and provides comprehensive reports as required. Adheres to SSI in recovery efforts, status updates and notification of final disposition and reimbursement of damages or deductible as applicable. Acts as a technical resource to entire LRU. We are open to fill as a Technical Recovery Specialist I or II, depending on candidate experience. Qualifications: Advanced level knowledge of complex claims, legal liability, policy coverage and litigation management. Intermediate level of capabilities in the areas of focusing on customers, communicating well, gaining support, achieving results, executing thoroughly and identifying/solving problems. Advanced level of capabilities in subrogation, effective communications, negotiation and settlement. Knowledge and capabilities normally acquired through a bachelor's degree (or equivalent) and 4-5 years' experience of sustained high performance. Professional claims designation preferred. Licensing required in some states. 103653Salary Range: $72K - $101KMinimum QualificationLess than 5 years
Associated topics: adjuster, auto, claim investigator, claimant, damage, fraud, insurance investigator, investigation, liability adjuster, title examiner * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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