Subrogation Adjuster I

AmTrust Financial Services, Inc. • Cleveland, OH

85d

About The Position

Amtrust Financial Services, a fast-growing commercial insurance company, is seeking a Subrogation Claims Investigator. The successful candidate will directly handle subrogation related claims. The This adjuster role is responsible for prompt and independent investigations and review of subrogation claims through effective coverage analysis and liability investigation. In this role, the adjuster is responsible for negotiations and interactions with insureds, claimants, adverse parties, and counsel. The successful candidate will evaluate risk transfer opportunities as well as ensuring appropriate investigation of the underlying facts and circumstances is carried out, proper experts are retained and utilized where necessary, selection and utilization of counsel is appropriate, and proper negotiation strategy is employed. This position reports to a line of business supervisor or manager. This position may require hybrid attendance in an AmTrust location.

Requirements

• Bachelor’s degree or equivalent experience.
• State licensure as required.
• Demonstrated proficiency with MS Office suites.
• Demonstrated skills in loss investigations, evaluations, and negotiations.
• Knowledge of insurance liability, theory, and practices.

Nice To Haves

• Multi-jurisdictional exposure preferred.
• Ability to obtain licensure as required.
• Some ability to travel may be required.

Responsibilities

• Investigates the 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.
• Notifies all potential parties, legal representatives, and insurance companies of our subrogation interest.
• Ensures quality and timely 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.
• Manages and controls loss adjustment expenses while pursuing the best potential recovery outcomes.
• Builds and leverages critical thinking and decision-making skills to gather, assess, analyze, question, verify, interpret, and understand key or root issues.
• Effectively prioritizes work while driving claims resolution for the best potential outcome.
• Escalates claims decisions regarding settlement determination when appropriate to management.
• Performs other functional duties as assigned.

Benefits

• Medical & Dental Plans
• Life Insurance, including eligible spouses & children
• Health Care Flexible Spending
• Dependent Care
• 401k Savings Plans
• Paid Time Off

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree