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Junior Subrogation Specialist
Junior Subrogation SpecialistEXL • Newark, NJ, US
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Junior Subrogation Specialist

Junior Subrogation Specialist

EXL • Newark, NJ, US
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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.

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 preferred.
  • 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.
  • Strong interpersonal skills and the ability to interact professionally with diverse stakeholders.
  • Adaptable and able to thrive in a fast-paced and evolving work environment.
  • Professional demeanor and customer-focused attitude.
  • EEO / Minorities / Females / Vets / Disabilities

    To view our total rewards offered, please visit the EXL careers and benefits page : https : / / www.exlservice.com / us-careers-and-benefits

    Base Salary Range Disclaimer : The base salary range represents the low and high end of the EXL base salary range for this position. Actual salaries will vary depending on factors including but not limited to location and experience. The base salary range listed is just one component of EXL's total compensation package for employees. Other rewards may include bonuses, as well as a Paid Time Off policy, and many region-specific benefits.

    Please also note that the data shared through the job application will be stored and processed by EXL in accordance with the EXL Privacy Policy.

    Application & Interview Impersonation Warning – Purposely impersonating another individual when applying and / or participating in an interview in order to obtain employment with EXL Service Holdings, Inc. (the "Company") for yourself or for the other individual is a crime. We have implemented measures to deter and to uncover such unlawful conduct. If the Company identifies such fraudulent conduct, it will result in, as applicable, the application being rejected, an offer (if made) being rescinded, or termination of employment as well as possible legal action against the impersonator(s).

    EXL may use artificial intelligence to create insights on how your candidate information matches the requirements of the job for which you applied. While AI may be used in the recruiting process, all final decisions in the recruiting and hiring process will be taken by the recruiting and hiring teams after considering a candidate's full profile. As a candidate, you can choose to opt out of this artificial intelligence screening process. Your decision to opt out will not negatively impact your opportunity for employment with EXL.

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