United Automobile Insurance Company · 15 hours ago

Third Party Adverse PD Adjuster

United States

Full-time

Remote

Mid Level

3+ years exp

Maximize your interview chances

Auto InsuranceAutomotive

Insider Connection @United Automobile Insurance Company

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Review and analyze claim files to identify subrogation opportunities, assessing the viability of pursuing recovery based on the details of each claim

Investigate incidents to establish liability and determine the responsible third parties. This includes reviewing accident reports, interviewing witnesses, gathering physical evidence, and obtaining police reports and repair estimates

Gather and organize all necessary documentation to support the subrogation claim, such as contracts, invoices, photos, and legal documents. Ensure that all relevant evidence is preserved and accurately recorded

Prepare and send subrogation demands to at-fault parties and their insurers. Clearly communicate the basis for the demand, outlining the damages incurred and the rationale for liability

Engage in negotiations with adverse adjusters, third-party insurers, attorneys, and uninsured parties to reach favorable settlements. Use knowledge of liability law and negotiation tactics to maximize recovery amounts

For cases where recovery cannot be achieved through negotiation, work closely with legal counsel to initiate litigation. Manage the litigation process, including attending mediations, depositions, or trials as necessary. Ensure that legal actions are pursued in a cost-effective and strategic manner

Keep detailed records of all subrogation activities, including communications, recovery efforts, and payments received. Ensure that all case files are up-to-date and organized for easy access and review

Track the status of each subrogation file, ensuring timely follow-up and resolution. Regularly update internal systems with progress notes and recovery outcomes

Provide regular updates and reports to management on the status of subrogation claims, including recovery rates, challenges encountered, and potential improvements to processes

Work closely with claims adjusters, underwriters, and legal teams to gather information, develop recovery strategies, and support the subrogation process. Share insights and findings to assist in improving overall claims handling and subrogation practices

Maintain effective communication with external stakeholders, including third-party insurers, attorneys, and claimants. Ensure that all communications are professional, clear, and conducive to achieving recovery goals

Ensure that all subrogation activities are conducted in compliance with applicable laws, regulations, and company policies. Stay informed of changes in legislation and industry standards that may impact subrogation practices

Contribute to the development and implementation of best practices for subrogation recovery. Identify opportunities for process improvements and work with management to enhance efficiency and effectiveness in subrogation efforts

Work towards meeting or exceeding individual and team recovery goals, ensuring that all potential recovery opportunities are maximized

Regularly review subrogation performance metrics and outcomes to identify areas for improvement. Participate in training and development opportunities to enhance skills and stay current with industry trends and best practices

Participate in special projects or initiatives as assigned by management, including process improvement efforts, system upgrades, or training programs

Assist other departments as needed, providing expertise in subrogation and contributing to overall company goals and objectives

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Adjusters licenseSubrogation experienceCasualty insuranceClaims adjusting experienceInsurance policies knowledgeClaims management softwareMicrosoft Office SuiteBilingual