Recovery Spec

AIG • Atlanta, GA

3d • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Recovery Specialist to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Make your mark in Claims Our Claims teams are the proven problem solvers of choice for clients, delivering consistent technical excellence and showcasing our service differentiation to create an unparalleled global claims handling experience. Through a robust stakeholder feedback loop and supported by consistent processes and leadership, we take pride in delivering responsive, fair and professional service with empathy and efficiency. About the role The Recovery Specialist is responsible for the end- to- end recovery process to include; investigation, identification, and pursuit of recovery/subrogation opportunities to maximize amounts received from third parties who are wholly responsible or share liability for damages paid to claimants by AIG, while ensuring recovery expenses are minimized. A Recovery Specialist will be responsible for the most complex, highest value claim recovery cases covering multiple commercial insurance lines of business within the North American region. This role regularly requires the exercise of discretion and professional judgment in evaluating whether to pursue recovery and in negotiating settlements.

Requirements

• 3+ years of experience in either property subrogation or liability claims handling
• Strong organizational skills and attention to detail
• Excellent verbal and written communication skills

Responsibilities

• Reviews assigned claim files to determine if recovery is feasible, investigates and evaluates liability issues, coordinates investigations by expert witnesses, proactively follows up with relevant parties, handles arbitrations, and refers cases to approved attorneys.
• Conducts missing investigations, assesses liability, and negotiates the best possible settlement under the terms of the contract.
• Reviews assigned files for adequacy of investigation and recognition of recovery potential by claims personnel.
• Counsels and assists claims personnel in appropriate recovery investigation and file documentation to ensure that the company is properly positioned to pursue a lucrative recovery.
• Advises management of deficiencies in investigations conducted by claims personnel which result in diminished chances of recovery.
• Corresponds with appropriate parties in accordance with established procedures regarding claim information, notice/demand of payment and related issues.
• Prepares activity reports on files over settlement authority.
• Maintain a diary of facts and activity regarding assigned files, ensuring compliance with Statute of Limitation requirements.
• Researches, understands, and applies state laws that relate to each file.
• Keeps management advised of legislative, regulatory, and legal developments which may have an impact on recovery results.
• Provides all investigative information to attorney-of-record, and monitors and controls case development and settlement to ensure that recovery potentials are met.
• Approves and issues, within established guidelines and authority, indemnity and legal payments through the appropriate Claims Processing Systems.
• Forecasts potential recoveries and updates the recoverable amount as needed.
• Provides customer service assistance to outside organizations and AIG Claim Operation management.
• Complete focused claims reviews for all lines of business within AIG domestically as assigned. This includes analysis, documentation of results and suggestions for improvement.
• Assist team on ad-hoc duties, projects, and other assignments delegated by Managers/Leaders.
• Handle caseload across relevant jurisdictions while ensuring all tasks are completed properly.
• Testify and present evidence at administrative and criminal court proceedings as required.
• Establish and maintain professional working relationships with insureds, lawyers, corporate employees, and vendors.
• Develops legal briefs and contentions for arbitration submissions and as assigned, sits on arbitration panels.
• Directs negotiation strategies and, for large property recoveries, directs attorneys in managing agreed to subrogation plans.
• Participates in training by providing information as a subject matter expert as requested.

Benefits

• At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees