Casualty Subrogation Specialist
Farmers Alliance Companies · McPherson, KS · 1 wk ago
FinanceFull-time
Summary Responsible for the technical evaluation, negotiation, and settlement of casualty subrogation files with a focus on identifying, pursuing, and maximizing recovery opportunities; minimizing loss exposure; controlling expenses; and managing the full lifecycle of arbitration filings. Essential Duties & Responsibilities Manage a caseload of varying complexity files while maintaining accurate documentation and timely follow-upPrepare and submit demands to opposing insurance carriers and negotiate settlements in accordance with company procedures and industry regulationsInitiate and manage intercompany arbitration through Arbitration Forums as both Applicant and RespondentCollaborate with business partners, including attorneys and other vendors, to pursue uninsured or other at-fault partiesHandle recovery payments and process deductible reimbursementsCommunicate with insureds to provide status updates on deductible recovery effortsConduct asset investigations on claimants to support substitution of benefits decisions on UIM claims Qualifications REQUIRED SKILLS & ABILITIES Advanced analytical, problem-solving, and critical thinking skills Strong attention to detailExcellent written and verbal communication skillsHighly organized and skilled at prioritizing workload to meet demanding deadlines Strong negotiation skills for settlement and recovery strategiesAbility to articulate comparative negligence, evaluate recovery potential, and make sound business decisionsDeep understanding of insurance policies, laws, industry regulations, and recovery processesAbility to work independently as well as collaboratively with internal coworkers, vendors, and attorneys Education &/Or Experience 5 years of liability claims experience requiredAuto subrogation experience preferred Previous experience with Arbitration Forums preferredCollege Bachelor’s degree preferred AIC or other relevant insurance designation preferredActive Oklahoma adjuster license or obtained within 6 months Physical Requirements The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, reach with hands and arms to operate computer keyboard, talk and hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.