Subrogation Specialist bei Holmes Murphy & Associates

Job Description:

We are looking to add a Subrogation Specialist to join our Creative Risk Solutions team in Waukee, IA. This team member will support and coordinate subrogation processes for third-party claims, with increasing responsibility and autonomy, while collaborating with senior team members and other departments. We offer a forward-thinking, innovative, and vibrant company culture, along with the opportunity to share your unique potential, there really is no place like Creative Risk Solutions!

Essential Responsibilities:

• Identify subrogation opportunities on workers' compensation claims and coordinate efforts against at-fault parties and their insurance carriers.
• Submit arbitration applications for collections, respond to arbitrations defending insureds, and counterclaim when appropriate.
• Obtain, monitor, and maintain accurate documentation for insured and claimant workers' compensation claims.
• Conduct thorough investigations to determine liability and subrogation potential, gathering evidence and collaborating with internal and external parties to build strong cases.
• Negotiate settlements with responsible parties, insurance carriers, and other stakeholders to recover funds for the company.
• Provide guidance and support to claims adjusters and team members in subrogation-related matters, staying updated on industry trends, regulations, and best practices.
• Participate in mediations, depositions, and litigation support as necessary, coordinating with collection agencies and attorneys as needed.
• Communicate collection options with insured members and confirm coverage for commercial auto and general liability claims.
• Investigate bodily injury/liability claims, negotiate settlements using "Best Practices for Claims," and maintain accurate loss information in the claim system.
• Set and maintain reserves, negotiate, and process settlements within authority, while researching and responding to questions and complaints from insureds, claimants, agency partners, and carriers, participating in claim reviews and Risk Control Workshops.

Qualifications:

·         Education: High school diploma; college degree preferred. Technical designations encouraged, such as AIC and CPCU.

·         Experience: 3 to 4 years of adjusting workers' compensation claims including extensive experience in the subrogation arena. Prior agency involvement preferred.

·         Skills & Technical Competencies:

• Expertise in Tort Law, Arbitration Rules, and claims principles, including workers’ compensation.
• Strong communication skills and tact in interactions with claimants, insurance representatives, and attorneys.
• Analytical skills, sound judgment, and competence in mathematical calculations.
• Organizational, multitasking abilities, and flexibility to handle high work volume and changing conditions.
• Knowledge of or ability to learn state insurance regulations, pass licensing exams, and efficiently manage resources within budget.
• Relationship building, problem-solving, collaboration skills, and proficiency in Adobe, Word, Excel, and Outlook to deliver a world-class client experience and ensure compliance.

Here’s a little bit about us:

Creative Risk Solutions is a leading provider of innovative risk management solutions. We specialize in delivering customized claims management, loss control, and risk consulting services to our clients. Our team is dedicated to excellence, integrity, and creating value for our clients through proactive risk management strategies. In addition to being great at what you do, we place a high emphasis on building a best-in-class culture.  We do this through empowering employees to build trust through honest and caring actions, ensuring clear and constructive communication, establishing meaningful client relationships that support their unique potential, and contributing to the organization's success by effectively influencing and uplifting team members. 

Benefits:  In addition to core benefits like health, dental and vision, also enjoy benefits such as:

·         Paid Parental Leave and supportive New Parent Benefits — We know being a working parent is hard, and we want to support our employees in this journey!

·         Company paid continuing Education & Tuition Reimbursement — We support those who want to develop and grow.

·         401k Profit Sharing — Each year, Holmes Murphy makes a lump sum contribution to every full-time employee’s 401k. This means, even if you’re not in a position to set money aside for the future at any point in time, Holmes Murphy will do it on your behalf! We are forward-thinking and want to be sure your future is cared for.

·         Generous time off practices in addition to paid holidays — Yes, we actually encourage employees to use their time off, and they do. After all, you can’t be at your best for our clients if you’re not at your best for yourself first.

·         Supportive of community efforts with paid Volunteer time off and employee matching gifts to charities that are important to you — Through our Holmes Murphy Foundation, we offer several vehicles where you can make an impact and care for those around you.

·         DE&I programs — Holmes Murphy is committed to celebrating every employee’s unique diversity, equity, and inclusion (DE&I) experience with us. Not only do we offer all employees a paid Diversity Day time off option, but we also have a Chief Diversity Officer on hand, as well as a DE&I project team, committee, and interest group. You will have the opportunity to take part in those if you wish!

·         Consistent merit increase and promotion opportunities — Annually, employees are reviewed for merit increases and promotion opportunities because we believe growth is important — not only with your financial wellbeing, but also your career wellbeing.

·         Discretionary bonus opportunity — Yes, there is an annual opportunity to make more money. Who doesn’t love that?!

Holmes Murphy & Associates is an Equal Opportunity Employer.

#LI-SM1