Subrogation Adjuster I

AmTrust Financial Services Inc.; Chicago (IL); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services Inc. is seeking a Property Subrogation Adjuster to review subrogation claims through coverage analysis, investigation, evaluation, and negotiation. This role involves interactions with insureds, claimants, adverse parties and counsel across mid-size or mid-complexity claims.

This position is hybrid with four days in office and Fridays from home, based in our Dallas, TX office. The candidate will apply insurance knowledge, drive timely resolutions, and work within our

Qualifications

• Bachelor's degree or equivalent experience.
• 1-3 years of subrogation claims handling experience or a strong understanding of liability determinations.
• State licensure as required.
• Demonstrated proficiency with MS Office suites.
• Demonstrated skills in investigation, evaluation and negotiation.
• Strong knowledge of insurance theory and practices.

Responsibilities

• Investigates the Property claim or coverage by contacting 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.
• Verifies liability and negligence for the jurisdiction, using standard language to draft positions as needed.
• Notifies all potential parties, legal representatives and insurance companies of our subrogation interest.
• Ensures quality and timely service to all internal and external customers.
• Builds relationships with internal Legal Counsel and aligns with company standards.
• Effectively negotiates and resolves litigated and non-litigated subrogation claims.
• Gains trust of other parties to negotiations and demonstrates good timing.
• Manages and controls loss adjustment expenses.
• Gathers and analyzes key issues and maintains diary entries efficiently.
• Escalates settlement decisions to management when appropriate.
• Performs other assigned duties.

Skills

Subrogation claims handling

Investigation

Negotiation

Liability determinations

Insurance theory

Education

Bachelor's degree or equivalent experience

Tools

MS Office

Job description

Overview

The Property Subrogation Adjuster is responsible for prompt and independent review of subrogation claims through effective coverage analysis, investigation, evaluation, negotiation and interaction with insureds, claimants, adverse parties and counsel. This adjusteris often assigned to mid-size or mid complexity claims in the Line of Business across multiple jurisdictions. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust and Claims organization

This role will require a hybrid work schedule (4 days in office, Fridays from home) in our Dallas, TX office.

Responsibilities

• Investigates the Property 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


• Verifies liability and negligence scenario for the jurisdiction. Reviews issues and scenarios are needed with some supervisor guidance. Typically utilizes standardized language to draft positions if needed.


• Notifies all potential parties, legal representative and insurance companies of our subrogation interest.


• Ensures quality and timeline 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.


• Gains trust of other parties to negotiations and demonstrates good sense of timing.


• Manages and controls loss adjustment expenses


• Builds and leverages critical thinking and decision-making skills to gather, assess, analyze, question, verify, interpret and understand key or root issues.


• Manages time and diary entries effective and efficiently, prioritizing work in a fast-paced environment.


• Escalates claims decisions regarding settlement determination when appropriate to management.


• Performs other functional duties as assigned.

#LI-EF1

#LI-HYBRID

Qualifications

• Bachelor's degree or equivalent experience


• 1-3 years of subrogation claims handling experience OR a strong understanding of liability determinations with an aptitude to learn


• State licensure as required


• Demonstrated proficiency with MS Office suites


• Demonstrated skills in investigation, evaluation and negotiation


• Strong knowledge of insurance theory and practices

Preferred:

• Multi-jurisdictional exposure preferred


• Ability to obtain additional licensure as required


• Some ability to travel may be required


• Working knowledge of commercial general liability, commercial automobile, property and/or Workers' Compensation insurance coverages.


• Experience with litigation, mediation and arbitration

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.

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.