Subrogation Adjuster I

Subrogation Adjuster I

Job Locations

US-OH-Cleveland

Requisition ID

JR1004586

Category

Claims - Subrogation

Position Type

Regular Full-Time

Overview

Amtrust Financial Services, a fast-growing commercial insurance company, is seeking a Subrogation Claims Investigator. The successful candidate will directly handle subrogation related claims. The This adjuster role is responsible for prompt and independent investigations and review of subrogation claims through effective coverage analysis and liability investigation. In this role, the adjuster is responsible for negotiations and interactions with insureds, claimants, adverse parties, and counsel. The successful candidate will evaluate risk transfer opportunities as well as ensuring appropriate investigation of the underlying facts and circumstances is carried out, proper experts are retained and utilized where necessary, selection and utilization of counsel is appropriate, and proper negotiation strategy is employed. This position reports to a line of business supervisor or manager.

This position may require hybrid attendance in an AmTrust location.

The expected salary range for this role is $46,600 - $60,000.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

Responsibilities

• Investigates the claim or coverage by making timely and appropriate contact with involved or interested parties including but not limited to the insured or employer. representatives, claimant or injured party, witnesses, producers, and adverse parties.
• Documents strategy, action plan, and summary of correspondence in a clear, succinct, and fact-based manner.
• Notifies all potential parties, legal representatives, and insurance companies of our subrogation interest.
• Ensures quality and timely service is provided to all internal and external customers, whether directly or indirectly.
• While working with internal or assigned Legal Counsel, will build strong relationships, and apply company principles and standards.
• Effectively negotiates and resolves litigated and non-litigated subrogation claims, and leverages relationships to achieve optimal outcomes.
• Manages and controls loss adjustment expenses while pursuing the best potential recovery outcomes.
• Builds and leverages critical thinking and decision-making skills to gather, assess, analyze, question, verify, interpret, and understand key or root issues.
• Effectively prioritizes work while driving claims resolution for the best potential outcome.
• Escalates claims decisions regarding settlement determination when appropriate to management.
• Performs other functional duties as assigned.

Qualifications

Minimum Qualifications

Preferred :

Unique Minimum Qualifications :

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include : Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

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