Claims Recovery Specialist

4 weeks ago

Atlanta, Georgia, United States AIG Full time

Claims Recovery Specialist Role

We are seeking a skilled Claims Recovery Specialist to join our team at AIG. As a Claims Recovery Specialist, 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.

Key Responsibilities:

  • 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.
  • Reviews assigned files for adequacy of investigation and recognition of recovery potential by claims personnel. Advises management of deficiencies in investigations conducted by claims personnel which result in diminished chances of recovery.
  • Prepares activity reports on files over settlement authority.
  • Maintains 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. Keeps management advised of legislative, regulatory, and legal developments which may have an impact on recovery results.
  • 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.
  • Establishes and maintains professional working relationships with insureds, lawyers, corporate employees, and vendors.
  • Develops legal briefs and contentions for arbitration submissions and as assigned, sits on arbitration panels.

Requirements:

  • Ability to work closely with outside counsel to evaluate and analyze recovery opportunities, pursue all possible targets, and determine and effectuate enforcement of collection opportunities.
  • Experience with financial lines, fidelity bond, cyber, and D&O recovery.
  • College degree preferred, but not required.
  • 3 years experience within the Property & Casualty insurance industry preferred.
  • An understanding of local laws, insurance markets, and language.
  • Knowledge of Property and Specialty Lines of Business.
  • Excellent oral and written communication skills and thorough working knowledge of MS Office applications.
  • Ability to work to tight timelines when necessary.

About AIG

AIG is a global leader in commercial and personal insurance solutions. We are one of the world's most far-reaching property casualty networks. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Equal Opportunity Employer

AIG provides 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.

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