VP, Subrogation Recovery Unit Manager

Chubb•Readington Township, NJ

About The Position

The VP, Subrogation Recovery Unit Manager is responsible for leading the subrogation recovery function for property, auto claims, and workers compensation, with a focus on managing external subrogation vendors, internal recovery team, legal and claims teams. In addition, this position will provide oversight to ESIS’ external claim investigation vendor. This role ensures optimal financial results, operational excellence, and effective collaboration across claims, underwriting, and senior leadership.

Requirements

Leadership of subrogation recovery function for property, auto claims, and workers compensation.
Management of external subrogation vendors, internal recovery team, legal and claims teams.
Oversight of ESIS’ external claim investigation vendor.
Ensuring optimal financial results, operational excellence, and effective collaboration across claims, underwriting, and senior leadership.
High performance in day-to-day recovery operations for property and auto matters.
Supervising outside vendors and handling subrogation claims.
Monitoring KPIs, budgets, and settlement outcomes.
Exercising closing and settlement authority on high-value and complex claims.
Compliance with company standards.
Serving as primary liaison with senior leadership.
Providing regular updates, strategic recommendations, and performance reporting.
Collaboration with underwriting teams.
Sharing insights, trends, and recovery opportunities.
Interfacing with claims property and auto disciplines.
Ensuring seamless coordination and alignment of recovery strategies.
Maintaining and enhancing strong subrogation and/or claims practices.
Leveraging industry best practices and regulatory compliance.
Developing and implementing strategies to improve recovery rates, vendor performance, and process efficiency.
Providing oversight to Investigation Vendor for internal and external claims.

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. In addition, oversee internal recovery team, primarily workers compensation.
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.
Provide oversight to Investigation Vendor for internal and external claims, including service expectations and results.