Claim Specialist Subrogation

AXIS (AXIS Capital); Red Bank (NJ); Hybrid; USD 80,000 - 100,000; Full time

Job summary

AXIS Capital is seeking a Subrogation Claims Specialist to join our North America Claims team. The successful candidate will manage a portfolio of subrogation claims, identify recovery opportunities, assess liability, and pursue recovery from responsible parties and insurers.

The role supports a hybrid work environment with in-office presence. Base salary ranges from $80,000 to $100,000, with incentive compensation and comprehensive benefits.

Qualifications

• Bachelor’s degree or 5-7 years of equivalent claims handling/underwriting experience.
• Strong knowledge of subrogation processes and claims principles.
• Excellent written and verbal communication and negotiation skills.

Responsibilities

• Manages an inventory of moderate to high-complexity subrogation claims.
• Performs identification, research, and evaluation of subrogation potential.
• Identifies liability, negotiates, and pursues recovery from responsible parties and insurers.
• Coordinates gathering of evidence and supports other claims staff and TPAs.

Skills

Subrogation experience

Negotiation

Analytical skills

Communication

Hybrid work

Education

Bachelor’s degree or 5-7 years experience

Tools

MS Office

Job description

Job Description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description

P2026CORP015 - Claim Specialist Subrogation AXIS is seeking a Subrogation Claims Specialist to join our North America Claims team and support the continued expansion of AXIS’ recovery operations. The successful Candidate will manage an inventory of moderate to high-complexity subrogation claims, ensuring timely identification of recovery opportunities, thorough investigation, accurate liability assessment, and effective pursuit of recovery from responsible parties and insurers.

Essential Duties & Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• Reviews claim files to identify, evaluate, analyze, and interpret subrogation potential.
• Is responsible for subrogation activities including the identification and research of subrogation claims.
• Identifies legal liability and pursues, negotiates, and settles claims where subrogation is identified.
• Coordinates appropriate steps to secure evidence and ensure pursuit, development, and recovery of claims.
• Interacts with policyholders, claimants, and witnesses to recommend and document the necessary information to move forward with subrogation or close a file.
• Assists claim handlers during the life of the claim file to request the necessary information needed to pursue subrogation.
• Works closely with our TPA and MGA’s to ensure that all avenues of subrogation are identified and pursued.
• May provide guidance and assistance to less experienced claims staff and TPA’s.

Skills, Knowledge And Abilities

• Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance and claims principles, practices and procedures.
• Strong written and verbal communication, negotiation and presentation skills. Ability to effectively interact with all levels of internal and external business partners.
• Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects.
• Ability to deal with ambiguous situations and issues.
• Creativity in resolving unique and challenging business problems.
• Knowledge of Microsoft Office Suite and other business-related software.
• Ability to adapt to change and value diverse opinions and ideas.
• Ability to manage and prioritize multiple projects.
• Ability to evaluate claims based on a cost benefit analysis.
• Ability to fully comprehend complex claim facts and issues; and to further articulate analyses of claims in presentations to business partners and management as well as in internal reports.
• Ability to implement strategies with a proactive long-term view of business goals and objectives.
• Ability to successfully work in hybrid and self-directed work environment.
• Axis Culture and Values – everyday demonstrate the Axis behaviors that support and align with AXIS values: People, Decisiveness, Excellence and Stronger Together

Education And Experience

• Bachelor’s degree or minimum 5-7 years of equivalent claims handling/underwriting experience in lieu of degree
• Valid licenses by state as required and add states to certifications as needed
• Experience or exposure to handling commercial Property claims on behalf of a syndicate, insurance company, broker, loss adjuster or solicitor preferred

Role Factors

Preferred candidates will be able to commute to an AXIS office. We are a hybrid work environment, in office 3 days a week.

For this position, we currently expect to offer a base salary in the range of $80,000.00 to $100,000.00(GA). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.

This posting is for an existing vacancy.