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AIG · 2 days ago

Senior Recovery & Salvage Specialist

GA-Atlanta

Full-time

Onsite

Senior Level

5+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Recovery & Salvage Specialist to enhance their claims recovery processes. This role involves managing the end-to-end recovery process, focusing on subrogation and salvage activities to maximize recoveries while minimizing expenses.

BankingFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Handle salvage caseload across North America while ensuring all tasks are completed properly

Coordinates assignment to appropriate salvage vendor within approved vendor network. Obtain exceptions where necessary

Monitors vehicles or other property pickup status. Ensure inspection holds are placed when appropriately and reviewed on an ongoing basis

Coordinates documentation between salvage vendor and property owner

Assist in processing of paperwork related to a total loss of a vehicle such as: securing the original titles, original power of attorney, lien releases, odometer statements, and appraisals. Work with adjusters to obtain and enter the information into appropriate systems

Sell vehicles by monitoring the salvage site daily to resolve outstanding issues, negotiate or approve bids

Monitor sales, receipt of salvage sale net proceeds, and issue any deficit payments

Work closely with our claims partners to ensure early referral, reduced case cycle times, and promote methods of cost/expense reduction

Reviews assigned files for adequacy of investigation and recognition of recovery potential by claims personnel. Determine if recovery is feasible, investigates and evaluates liability issues, coordinates investigations by expert witnesses, proactively follows up with relevant parties, handles arbitrations, negotiates the best possible settlement under the terms of the contract, and refers cases to approved attorneys

Implement negotiation strategies and direct attorneys in managing agreed to subrogation plans

Corresponds with appropriate parties in accordance with established procedures regarding claim information, notice/demand of payment and related issues. Advises management of deficiencies in investigations conducted by claims personnel which result in diminished chances of recovery

Provides all investigative information to attorney-of-record, and monitors and controls case development and settlement to ensure that recovery potentials are met

Maintain 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

Forecasts potential recoveries and updates the recoverable amount as needed

Prepares activity reports on files over settlement authority

Approves and issues, within established guidelines and authority, indemnity, and legal payments through the appropriate Claims Processing Systems

Assist with ad-hoc duties, projects, training, court appearances and other assignments as required or delegated by Managers/Leaders

Manage caseload across relevant jurisdictions while ensuring all tasks are completed properly

Establish and maintain professional working relationships with the recovery team, claims partners, insureds, lawyers, vendors, and other internal/external customers

Qualification

Property & Casualty experienceCommercial Auto knowledgeRecovery/claims-related lawsMulti-State Adjuster’s licenseMS Office proficiencyResearch skillsCommunication skillsTeam collaboration

Required

College degree required

Five years' experience within the Property & Casualty insurance industry required

Advanced working knowledge of Commercial Auto, Property and Specialty Lines

Advanced knowledge of recovery/claims-related state laws

Industry knowledge pertaining to evidence-securing techniques, vehicle damage and valuations, repairs, auto/property ownership transfers and salvage sales

Ability to work to tight timelines, when necessary, independently or within a team

Working knowledge of MS Office applications, experience with various database search systems, ability to perform research on local laws and statutes

Excellent oral and written communication skills

Preferred

Multi-State Adjuster's license preferred

Benefits

Base salary and eligibility for a bonus in accordance with the terms of the applicable incentive plan

A range of competitive benefits

Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development

Company

AIG

Glassdoor3.7

AIG is a global insurance company providing insurance products to support clients in business and in life.

Founded in 1919

New York, New York, USA

10001+ employees

https://www.aig.com/

H1B Sponsorship

AIG has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2025 (2)

2024 (2)

2023 (4)

2022 (23)

2021 (5)

2020 (13)