Senior Subrogation Specialist

AXIS Capital Holdings Limited

$100K — $150K *

Chicago, IL 60601
+ 5 other locations

2w ago


11 - 15 years of experience

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Job Description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Senior Subrogation Specialist

What will you do in this role:

• Performs a combination of duties in accordance with departmental guidelines.

• Reviews claim files to identify, evaluate, analyze, and interpret subrogation potential.

• Is responsible for subrogation activities including the identification and research of subrogation claims.

• Identifies legal liability and pursues, negotiates, and settles claims where subrogation is identified.

• Coordinates appropriate steps secure evidence and ensure pursuit, development, and recovery of claims.

• Interacts with policyholders, claimants, and witnesses to recommend and document the necessary information to move forward with subrogation or close a file.

• Analyzes claims activities; prepares and presents reports to management and other internal business partners and clients.

• Assists claim handlers during the life of the claim file to request the necessary information needed to pursue subrogation.

• Works closely with our TPA and MGA’s to ensure that all avenues of subrogation are identified and pursued.

• May provides guidance and assistance to less experienced claims staff and TPA’s.

• Ability to generate reports and collect data from the AXIS and TPA claim systems that accurately reflects claim recovery efforts and other information important to our business outcomes.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What we prefer you to have:

• Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance and claims principles, practices and procedures.

• Strong communication, negotiation and presentation skills. Ability to effectively interact with all levels of internal and external business partners.

• Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.

• Ability to deal with ambiguous situations and issues.

• Creativity in resolving unique and challenging business problems.

• Knowledge of Microsoft Office Suite and other business-related software.

• Ability to adapt to change and value diverse opinions and ideas.

• Ability to manage and prioritize multiple projects.

• Ability to evaluate claims based on a cost benefit analysis.

• Ability to fully comprehend complex claim facts and issues; and to further articulate analyses of claims in presentations to business partners and management as well as in internal reports.

• Ability to implement strategies with a proactive long-term view of business goals and objectives.

• Prior subrogation experience is required as is the ability to effectively make decisions. A strong knowledge of various commercial lines of business with an emphasis on property, but the ability to recognize opportunities for subrogation on other lines of business.

Education and Experience

• Bachelor's degree or equivalent experience. Professional designation preferred.

• Typically a minimum of 10 years claims experience

Role Factors:

AXIS has a hybrid work environment 3 days in the office are required except while traveling.

For this position, we currently expect to offer a base salary in the range of 100,000 to 130,000 (GA, MO, FL), 115,000 to 150,000 (NY, NJ).  The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more. 

About AXIS Capital Holdings Limited

Learn More About AXIS Capital Holdings Limited
AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance. The company operates through two segments: Insurance and Reinsurance. AXIS provides a range of insurance coverage and reinsurance to insurance companies, wholesalers, regional brokers, and national brokers. The company was founded in 2001.
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