VP, Subrogation Recovery Unit Manager
Chubb•Philadelphia, PA
•$165,000 - $220,000
About The Position
The VP, Subrogation Recovery Unit Manager is responsible for leading the subrogation recovery function for property and auto claims, with a primary focus on managing external subrogation vendors, legal and claims teams. This role ensures optimal financial results, operational excellence, and effective collaboration across claims, underwriting, and senior leadership.
Requirements
- Extensive experience in subrogation and/or claims management, preferably in property and auto lines.
- Proven track record of managing external vendors and legal teams in a high-volume, results-driven environment.
- Demonstrated leadership experience, including managing and developing management-level staff.
- Strong financial acumen with experience in budget oversight and performance management.
- Excellent communication skills, with the ability to influence and present to senior leadership.
- Experience interfacing with underwriting and claims disciplines.
- Bachelor’s degree required; advanced degree or relevant certifications preferred.
Nice To Haves
- advanced degree or relevant certifications
Responsibilities
- Oversee and manage all external subrogation vendors, including subrogation legal teams, ensuring high performance in day-to-day recovery operations for property and auto matters.
- Lead and develop the internal management and claims team responsible for supervising outside vendors and handling subrogation claims.
- Drive financial accountability for the recovery results delivered by external vendors, including monitoring KPIs, budgets, and settlement outcomes.
- Exercise closing and settlement authority on the highest value and most complex claims, ensuring compliance with company standards and maximizing recovery.
- Serve as the primary liaison with senior leadership, providing regular updates, strategic recommendations, and performance reporting.
- Collaborate closely with underwriting teams to share insights, trends, and recovery opportunities that impact risk selection and pricing.
- Interface with claims property and auto disciplines to ensure seamless coordination and alignment of recovery strategies.
- Maintain and enhance strong subrogation and/or claims practices, leveraging industry best practices and regulatory compliance.
- Develop and implement strategies to improve recovery rates, vendor performance, and process efficiency.
Benefits
- Chubb offers a comprehensive benefits package, more details on which can be found on our careers website.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
5,001-10,000 employees
