Subrogation Specialist

Subrogation Specialist page is loaded## Subrogation Specialistlocations : USA, Atlantatime type : Full timeposted on : Posted Yesterdayjob requisition id : R0018092 Job Type : Permanent Build a brilliant future with Hiscox Please note that this position is hybrid and requires work in office a minimum of two (2) days per week. Position can be based at our following hub office locations : Atlanta, GA Chicago, IL Manhattan, NY Scottsdale, AZ

• West Hartford, CTThe US Claims Compliance and Quality Assurance team at Hiscox is a growing group of professionals with operational and technical experience. The team serves as a claims technical resource, as well as provides assistance and expertise across Hiscox by identifying and promoting claims best practices and facilitating required improvements. We foster consistency, calibration, and continuous improvement in the handling of Hiscox claims. Our team is quite diverse, and you will be able to demonstrate that you can flex your work and delivery style to accommodate different stakeholders.Requirements :
• 10+ years of experience handling either property, liability, or crime / fidelity subrogation / recovery claims.
• Ability to apply and understand the principles of subrogation, negligence, liability, indemnity, and loss transfer.
• Experience working with subrogation counsel to drive recovery results.
• Experience with multiple lines of subrogation is a plus.
• Experience working on restitution and theft cases is a plus.
• Excellent organizational skills. Detail oriented.
• Ability to work in a fast-paced environment as part of a collaborative team.
• Ability to take an aggressive approach with recovery targets and outside recovery sources.
• Excellent written and verbal communication skills.
• Experience with Microsoft Word, Excel, Outlook, and Teams (or similar virtual communication software).Duties :
• Receive and review property, liability, and crime / fidelity claim files for recovery potential.
• Review claim files to pursue both primary and other non-traditional sources "secondary recovery sources."
• Request, follow up on, and review asset and equity checks performed on potential recovery targets.
• Efficiently evaluate all claims to rule out the expenditure of company resources on claims lacking recovery potential.
• Evaluate liability, collectability, and appropriate avenues of recovery pursuit.
• Apply cost / benefit analysis to pursuit of recovery and settlement decisions.
• Review policy provisions and understand the priority of recovery structure.
• Know, understand, and apply the negligence laws and "first dollar" recovery rights in each state.
• Know and apply the statutes of limitations law for all lines of business on which recovery is pursued, so that the company's right of recovery is preserved.
• Assign cases to outside subrogation counsel and vendors to pursue recovery.
• Review budgets for counsel, experts, and other vendors for approval.
• Keep counsel, experts, and vendors on budget.
• Review and audit outside subrogation counsel invoices for payment.
• Collaborate with and manage outside subrogation counsel and vendors during the course of litigation efforts.
• Review and evaluate propriety of settlement proposals.
• Review releases, affidavits, and other legal documents for appropriateness and execution.
• Follow up with policyholders to determine whether restitution or other recovery has been received directly by the insured.
• Work with forensic experts, cause and origin experts, and other experts on supporting damage documentation and reports.
• File victim impact statements with the Court.
• Coordinate with counsel to have motions of non-dischargeability filed in bankruptcy proceedings.
• Track recovery payments and payments to outside vendors.
• Post recoveries in the system and maintain notes database with most current information and updates on the recovery progress.
• Establish and track payment plans with individual targets for payment of settlements.
• Contact and follow up with prosecutors and / or district attorney offices to secure restitution.
• Aggressively move a pending of assigned recovery files through the recovery process by effective and aggressive use of a diary-based system.
• Continuously evaluate recovery claims for closure or continued pursuit. Salary Range : $110,000 to $130,000The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. About Hiscox USA Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.Today, Hiscox USA has a talent force of about 420 employees mostly operating out of several major cities - New York, Atlanta, Chicago, West Hartford, and Scottsdale. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism. What We Offer :
• 401(k) with competitive company matching
• Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
• Company paid group term life, short- term disability and long-term disability coverage
• 24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days
• Paid parental leave
• 4-week paid sabbatical after every 5 years of service
• Financial Adoption Assistance and Medical Travel Reimbursement Programs
• Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
• Company paid subscription to Headspace to support employees' mental health and wellbeing
• 2024 Gold level recipient of Cigna's Healthy Workforce Designation for having a best-in-class health and wellness program
• Dynamic, creative and values-driven culture
• Modern and open office spaces, complimentary drinks
• Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA FoundationYou can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)#LI-AJ1 Work with amazing people and be part of a unique culture If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.

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