Combined Insurance Recovery Claims Specialist in United States
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Promptly conduct and/or direct investigation of all aspects of the recovery claim. Maintain an active and well documented diary as well as a favorable and productive file inventory in multiple claim systems. Adhere to all statutory and Unfair Claims Practice Acts. Communicate effectively both verbally and in writing with all external and internal customers. Proactively and aggressively control the use, work product and expenses of outside vendors. Efficiently utilize the Litigation Management Program to control the subrogation litigation inventory. Develop and maintain an outside panel/house counsel network and productive dialogue. Formulate litigation and recovery strategies with counsel and collaborate consistently throughout the subrogation process. Collaborate with the Recovery Claim Unit examiners where appropriate and help the identification of potential recovery opportunities. Maintain a reporting system to track recovery dollars and expenses.
Required Competencies/Technical Skills: The preferred candidates should have at least 3 to 5 years of claim handling experience. Possess the ability to analyze recovery potential and recognize the legal elements needed to support a case. Possess the ability to conduct and direct investigative activities including the management of internal and external investigative sources. Possess the ability to recognize pivotal file developments and the decision making ability to act on the developments. Analyze the available resolution options on files and directly negotiate the cases to a settlement conclusion. Possess a strong understanding of the basic litigation process and basic legal concepts including burdens of proof, statute expirations and jurisdictional property statutes.
Candidates must have proven investigative skills with a proven ability to identify and gather relevant evidence. Possess the analytical and verbal skills both to formulate and execute a negotiation strategy. Candidates should possess a strong knowledge of liability theories and principles. Excellent oral and written communication skills as well as superior time and desk management skills are necessary in this role. A good knowledge of industry trends, rules of evidence and legal regulations and requirements is essential. The candidates must demonstrate an ability to work in a collaborative fashion with a wide spectrum of people such as underwriters, producers and other internal and external customers.
Education/Experience: Prior experience in handling arbitrations and mediations to successful conclusion. Prior experience in analyzing leases, contracts and legal documents. Strong litigation management skills including expense control. Prior Property claim experience a plus. College degree preferred or equivalent work experience.
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.
Title: Recovery Claims Specialist
Requisition ID: 320601