Subrogation Manager

MSIG Holdings•Warren, NJ

3d•$115,000 - $150,000•Hybrid

About The Position

We are seeking an experienced Subrogation Manager to lead and oversee subrogation and recovery efforts across a diverse claims portfolio, including carrier-managed (in-house) claims and TPA-managed claims. This role is responsible for maximizing recoveries, establishing consistent subrogation standards, and ensuring strong governance, performance management, and compliance across internal teams and third-party administrators. The ideal candidate brings deep technical subrogation expertise, proven experience managing TPAs, and the ability to influence outcomes across complex, multi-stakeholder environments.

Requirements

Bachelor’s degree or equivalent experience required
7+ years of progressive experience in claims and subrogation/recovery.
Demonstrated experience managing carrier-managed and TPA-managed claims.
Strong knowledge of subrogation principles, liability analysis, negotiation, and litigation management.
Proven ability to manage vendor and TPA relationships with measurable performance outcomes.
Excellent analytical, communication, and stakeholder management skills.

Nice To Haves

Experience with complex or high-severity claims.
Experience in multi-jurisdictional or multinational claims programs.
Professional designation (e.g., CPCU, AIC, SCLA) or advanced degree.
Familiarity with modern claims management systems and recovery analytics.

Responsibilities

Lead the subrogation and recovery program across carrier-managed and TPA-managed claim portfolios.
Establish and maintain subrogation standards, best practices, escalation protocols, and authority guidelines.
Drive early identification of recovery opportunities and minimize recovery leakage.
Serve as a subject-matter expert on complex, high-exposure recovery matters.
Provide guidance and oversight to internal claims teams handling subrogation.
Support complex liability analysis, recovery strategy, negotiations, and litigation decisions.
Partner with Claims Leadership, Legal, Finance, and Underwriting to align recovery objectives.
Oversee TPAs responsible for subrogation on delegated claims.
Establish performance expectations, KPIs, reporting standards, and service level agreements.
Conduct regular performance reviews, audits, and file quality assessments.
Lead remediation efforts and continuous improvement initiatives with TPAs.
Manage external recovery vendors and panel counsel supporting subrogation efforts.
Review litigation strategies, budgets, and outcomes to ensure cost-effective recoveries.
Maintain vendor scorecards and ensure compliance with engagement and billing guidelines.
Track and report on subrogation performance, including gross and net recoveries, cycle time, and conversion rates.
Partner with Finance to ensure accurate recovery posting, allocation, and reconciliation.
Deliver insights and recommendations to senior leadership.
Ensure compliance with applicable laws, regulations, and contractual requirements related to subrogation.
Maintain audit-ready documentation and strong internal controls.
Coordinate with Legal and Compliance on complex or disputed recovery matters.

Benefits

Opportunity to lead a high-impact recovery function with visibility to senior leadership.
Collaborative environment with Claims, Legal, Finance, and Underwriting partners.
Competitive compensation, benefits, and career development opportunities.
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans
Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts