Senior Subrogation Specialist

For the Job Description:

Senior Subrogation Specialist - Captain Role

Company Overview:

(Note Vertical and Recruitment can complete with our standard overview)

Trumbull Services, which is part of EXL Service (NASDAQ: EXLS), is a global endto-end Insurance Services provider with Property and Casualty, Life, Annuity and Health operations. EXL was incorporated in 1999 and has since grown to be one of the leading insurance service provider companies with more than 20,000 employees including 7000+ talented insurance domain experts and 300+FLMI, CLU, CPCU, CHFC, RHU, REBC Series 6 and Series 26 licensed professionals, 20+ service delivery centers across US, India, Philippines, Malaysia, Czech Republic, Romania and Bulgaria. Trumbull Services of Hartford, CT, is a company that provides best-in-class technology and services to property and casualty insurers. 

Job Description

We are seeking a skilled and detail-oriented Subrogation Adjuster to join our

dynamic team. As a Subrogation Adjuster, you will play a crucial role in the

insurance claims process by investigating and recovering losses from responsible

parties on behalf of our clients. You will analyze complex situations, negotiate

settlements, and collaborate with various stakeholders to ensure efficient and

successful subrogation outcomes.

Responsibilities:

• Investigate and evaluate insurance claims to determine liability and subrogation potential.
• Analyze policy language, contracts, and relevant laws to assess subrogation rights and recovery opportunities.
• Collaborate with internal and external stakeholders, including policyholders, legal professionals, and other insurance carriers, to gather essential information and documentation.
• Review reports, photos, statements, and other evidence to build a comprehensive case for subrogation.
• Communicate effectively with all involved parties to negotiate settlements and ensure a fair and timely resolution.
• Maintain accurate records of claim activities, correspondence, and recovery efforts.
• Utilize claims management systems and software to document and track progress.
• Stay updated on industry trends, regulations, and legal developments that could impact subrogation efforts.
• Assist in the development of strategies and best practices to enhance subrogation outcomes and efficiency.
• Provide excellent customer service to policyholders and other stakeholders throughout the subrogation process.
• Collaborate with internal departments
• Handle special projects and assignments related to subrogation as required.
• Handling of more complex files, and files amount to more than $15k paid. 
• Provide timely and accurate updates to the client via written and verbal communication.

Qualifications:

• Bachelor's degree in a relevant field or equivalent work experience is a plus. 
• Prior experience in subrogation, insurance claims, or a related field is required.
• Strong knowledge of insurance policies, contracts, and relevant legal regulations.
• Excellent analytical and problem-solving skills.
• Effective negotiation and communication abilities.
• Detail-oriented with exceptional organizational skills.
• Proficiency in using claims management software and Microsoft Office suite.
• Ability to work independently and within a team environment.