Insurance Recovery Expert
1 week ago
Job Description:
We are seeking a skilled Insurance Recovery Expert for an 18-month contract position at Synergistic Systems Inc. This role is completely remote and can be based anywhere in the US.
The successful candidate will join our Complex Liability Consulting (CLC) practice, focusing on optimizing clients' insurance recovery for mass tort and other high-value claims. Key responsibilities include insurance archeology, policy analysis and mapping, electronic database solutions, allocation modeling, negotiations with insurers, and claims and payment tracking.
Essential Functions:
- Attention to Detail: Maintain organization and meet deadlines.
- Analytical Problem Solving: Strong verbal and written skills.
- Research: Conduct research via the internet and other sources; investigative skills required.
- Independence: Work independently within a corporate environment.
Client Service:
- Claims Management: Review and record information about claims filed.
- Financial Research: Research financial parent companies and determine the financial solvency of legacy insurers.
- Communication: Set up email and letter claim notifications, ensure insurers receive notices, and review insurer correspondence.
- Coverage Analysis: Understand and analyze basic coverage issues related to commercial general liability and excess liability insurance policies.
- Litigation Costs: Organize information related to litigation costs across multiple claims.
- Stakeholder Communication: Communicate with insurers and clients to provide coverage, claims, and litigation cost information, and respond to questions.
- Issue Resolution: Actively uncover concerns or issues that may be unclear.
- Confidentiality: Respect and maintain client confidentiality.
Salary: The estimated annual salary for this position is $120,000 - $180,000 depending on experience.
Requirements:
- Experience: 3-5+ years of relevant experience at a law firm, insurer, or third-party administrator. Experience in long-tail and emerging coverage issues is a plus.
- Claims Handling: Experience handling complex claims for general liability and excess policies.
- Education: Bachelors degree or equivalent.
- Technical Proficiency: Ability to work efficiently in Word and Excel.
- Legal Knowledge: Understanding of basic insurance concepts and legal pleadings (Summons and Complaint).
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