Claims Recovery Specialist I - North Richland Hills, TX

Federated Mutual Insurance Company•North Richland Hills, TX

13d•Onsite

About The Position

Federated Insurance is seeking a Claims Recovery Specialist I to join their team. This role is responsible for recovering subrogation claims and money owed to Federated from tortfeasors through third-party liability actions. The specialist will handle recovery for small to midsize claims in Auto, Material Damage, Property, and Workers Compensation. Federated Insurance focuses on client success and provides employees with tremendous opportunities for growth, believing their company has an outstanding future. Their culture is grounded in Equity, Integrity, Teamwork, and Respect, striving to create a work environment that embodies these principles and values.

Requirements

Four-year degree in business related field or equivalent business related experience.
One to two years of general business environment experience demonstrating strong decision making skills.
Strong computer knowledge.
Ability to memorize/recall information quickly.
Legally authorized to work in the United States for any employer.

Nice To Haves

Certified Subrogation Recovery Professional (CSRP) designation.
Prior work experience handling subrogation claims.

Responsibilities

Evaluating and/or investigating claims for subrogation potential and pursuing recovery from other parties.
Gathering appropriate information from policyholders, claimants, and outside parties to ensure proper evaluation of recovery opportunity.
Negotiating directly with loss parties, balancing recovery and loss accounts, to ensure an equitable resolution of the claim.
Explaining recovery results and settlement decision to policyholders through appropriate and professional verbal and written communication.
Determining third-party liability and evaluating appropriate methods of pursuit.
Determining appropriate deductible and SIR reimbursements.
Handle mediation processes remotely and acts as advisor on intercompany arbitration.
Assists in training of claims personnel on identification of subrogation.