Senior Subrogation Specialist (Property)
Apply NowCompany: C. Winchell Agency
Location: New York, NY 10025
Description:
Description : The Senior Subrogation Specialist will handle certain subrogation (subro) recoveries, monitor and oversee subro counsel on large subro cases. Update management on the status of large commercial property subro cases. Update WINS for accurate open/pending subro matters. Handle recoveries (complete Allocation Forms. Reimburse deductibles, pay subro related expenses including contingency fees). Direct handling of subrogation on claims where the recoverable is less than or equal to $50,000, which includes developing our theory of negligence against a tortfeasor, drafting and sending demand letters to that tortfeasor and/or their insurance company, and negotiating settlements. Keep WINS current by properly documenting claim files as to the current status and proposed strategies of subro matters in and out of litigation. Maintain and manage the WINS Recovery Screen by opening new potential Subro matters, closing subro matter after recovery or when otherwise closed and entering expected recovery (may require input from claim management).Update notes as to subro activity, including offers, demands, strategy. Prepare an disseminate regular periodic reports for senior management throughout the year outlining the current status and legal theories for recovery of significant matters. Process Allocation Forms immediately. Strategize with attorneys includes being able to read and understand pleadings and suggest edits to them and propose legal arguments to attorneys. Attend trials and mediations as necessary. Attend necessary subrogation training and a willingness to conduct training with the staff when requested (to maximize recoveries). Requirements : A Bachelors degree is required. Minimum of 3 years of Property or GL claims experience is required. Experience with litigation management and legal terminology is preferred. Proficient in Microsoft products. Experience with ImageRight and WINS preferred.