AIG · 1 day ago
Recovery Spec
GA-Atlanta
Full-time
Onsite
Mid Level
3+ years expAIG is a global leader in commercial and personal insurance solutions, and they are seeking a Recovery Specialist to manage the end-to-end recovery process for complex claims. The role involves investigating recovery opportunities, negotiating settlements, and ensuring compliance with legal requirements while providing support to the Claims team.
BankingFinancial ServicesInsurance
Responsibilities
Reviews assigned claim files to determine if recovery is feasible, investigates and evaluates liability issues, coordinates investigations by expert witnesses, proactively follows up with relevant parties, handles arbitrations, and refers cases to approved attorneys. Conducts missing investigations, assesses liability, and negotiates the best possible settlement under the terms of the contract
Reviews assigned files for adequacy of investigation and recognition of recovery potential by claims personnel. Counsels and assists claims personnel in appropriate recovery investigation and file documentation to ensure that the company is properly positioned to pursue a lucrative recovery. Advises management of deficiencies in investigations conducted by claims personnel which result in diminished chances of recovery
Corresponds with appropriate parties in accordance with established procedures regarding claim information, notice/demand of payment and related issues
Prepares activity reports on files over settlement authority
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
Provides all investigative information to attorney-of-record, and monitors and controls case development and settlement to ensure that recovery potentials are met
Approves and issues, within established guidelines and authority, indemnity and legal payments through the appropriate Claims Processing Systems
Forecasts potential recoveries and updates the recoverable amount as needed
Provides customer service assistance to outside organizations and AIG Claim Operation management
Complete focused claims reviews for all lines of business within AIG domestically as assigned. This includes analysis, documentation of results and suggestions for improvement
Assist team on ad-hoc duties, projects, and other assignments delegated by Managers/Leaders
Handle caseload across relevant jurisdictions while ensuring all tasks are completed properly
Testify and present evidence at administrative and criminal court proceedings as required
Establish and maintain professional working relationships with insureds, lawyers, corporate employees, and vendors
Develops legal briefs and contentions for arbitration submissions and as assigned, sits on arbitration panels
Directs negotiation strategies and, for large property recoveries, directs attorneys in managing agreed to subrogation plans
Participates in training by providing information as a subject matter expert as requested
Qualification
Required
3+ years of experience in either property subrogation or liability claims handling
Strong organizational skills and attention to detail
Excellent verbal and written communication skills
Benefits
Total Rewards Program
Health, wellbeing and financial security
Professional development
Company
AIG
AIG is a global insurance company providing insurance products to support clients in business and in life.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Kelly Lafnitzegger
Executive Vice President and Chief Human Resources Officer
Charlie Fry
EVP, Reinsurance Purchasing and Risk Capital Optimization
Recent News
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