Claims Recovery Specialist
4 days ago
We are seeking a highly skilled Risk Asset Optimization Professional to join our team at AIG. In this role, you will be responsible for the end-to-end recovery process, including 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.
The ideal candidate will have 3+ years' experience within the Property & Casualty insurance industry and an understanding of local laws, insurance markets, and language. You will also possess excellent oral and written communication skills and a thorough working knowledge of MS Office applications.
As a member of our Claims team, you will be part of a proven problem-solving unit that delivers consistent technical excellence and showcases our service differentiation to create an unparalleled global claims handling experience.
This is an opportunity to grow your skills and experience as a valued member of our team, working closely with outside counsel to evaluate and analyze recovery opportunities, pursue all possible targets, and determine and effectuate enforcement of collection opportunities.
Salary: $90,000 - $120,000 per year
About AIG
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions, providing equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.
We foster a culture of inclusion and belonging through flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs). Our diversity of people is one of our greatest assets, and we strive to make a bigger difference to the world through reimagining insurance.
Benefits
We offer 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.
Job Requirements
- 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.
- 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.
- 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.
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