drjobs Recovery Manager

Recovery Manager

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1 Vacancy
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Job Location drjobs

Urbandale, IA - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Company Details

Our Company provides a state of predictability which allows brokers and agents to act with confidence.

Founded in 1967 W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way weve been listed on the New York Stock Exchange become a Fortune 500 Company joined the S&P 500 and seen our gross written premiums exceed $10 billion.

Today the Berkley brand comprises more than 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman founder and largest shareholder William. R. Berkley and our President and Chief Executive Officer W. Robert Berkley Jr. W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

The Company is an equal employment opportunity employer.

Responsibilities

We are seeking an experienced and strategic Subrogation Manager to lead our Property Subrogation and Vendor-Managed Recovery Desk. This role is ideal for a seasoned professional with deep expertise in managing complex high-value property subrogation claims across both commercial and personal lines.

The ideal candidate will bring a strong background in developing and executing property subrogation strategies with a proven track record of success in managing complex recoveries and leading a panel of subrogation counsel. This leader will play a critical role in driving vendor performance shaping claim strategy and maximizing recovery outcomes through expert oversight and collaboration.

Responsibilities:
Triage and distribute new subrogation referrals to the appropriate personnel.
Review and discuss claim files provide direction on action plans and conduct periodic file audits.
Communicate clear performance standards and objectives.
Conduct performance evaluations.
Create timely and accurate claim/subrogation related reports spreadsheets and other documents as requested.
Assist in developing departmental goals and objectives.
Provide leadership by selecting training developing and positioning staff to achieve success.
Occasional travel is required.

Qualifications

Two years claim adjusting or subrogation handling experience.

TECHNICAL SKILLS REQUIRED:
Advanced knowledge of large loss and complex claim investigations and property subrogation processes (both commercial and personal lines)
Understanding of insurance policy language coverage interpretation and liability assessment
Knowledge of Tort Law and Arbitration Forums Rules and Regulations.
Proficiency in vendor performance evaluation and scorecarding
Experience managing subrogation counsel panels and third-party collection vendors
Ability to analyze recovery trends loss ratios and vendor performance metrics
Experience with claims management systems (e.g. ClaimCenter)
Familiarity with audit processes and compliance standards
Ability to deal tactfully and courteously with claimants insurance representatives and attorneys.
Ability to analyze facts and exercise sound judgment in arriving at conclusions.
Ability to speak write listen effectively and organize her/his thoughts logically.
Ability to organize prioritize and manage multiple tasks in a fast-paced environment.
Ability to keep pace with a high volume of work.
Knowledge ranging from basic to advanced of computer software word processing e-mail spreadsheets and Internet navigation. Proficiency in Microsoft Excel (pivot tables data analysis) and PowerPoint (for reporting and training)

Personal Qualities
Openness to new ideas and concepts.
Ability to function independently and as part of a team.
Productive with positive work ethic.
Exhibit a positive outlook and energetic organized behavior.
Ability to coach develop and build a high performing team.

Berkley Core Competencies
Accountability
Communication
Customer Focus and Teamwork
Innovation and Initiative
Flexibility

Education Requirement:

High school diploma bachelors degree preferred.
Completion of or working toward AIC CPCU SCLA CSRP or similar designation preferred.


Required Experience:

Manager

Employment Type

Unclear

Company Industry

About Company

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