Claims Recovery Specialist I - North Richland Hills, TX

Who is Federated Insurance?

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

 

Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect.  We strive to create a work environment that embodies our core principles and values.  We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities.  Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.

What Will You Do?

As a Recovery Specialist, you will be responsible for recovering subrogation claims and money owed to Federated from tortfeasors through third party liability actions. You will handle recovery for small to midsize claims in Auto, Material Damage, Property, and Workers Compensation. 

 

Responsibilities include:

• Evaluating and/or investigating claims for subrogation potential and pursuing recovery from other parties.
• Gathering appropriate information from policyholders, claimants, and outside parties to ensure proper evaluation of recovery opportunity.
• Negotiating directly with loss parties, balancing recovery and loss accounts, to ensure an equitable resolution of the claim.
• Explaining recovery results and settlement decision to policyholders through appropriate and professional verbal and written communication.
• Determining third party liability and evaluating appropriate methods of pursuit.
• Determining appropriate deductible and SIR reimbursements.
• Handle mediation processes remotely and acts as advisor on intercompany arbitration.
• Assists in training of claims personnel on identification of subrogation.

 

Minimum Requirements:

• Four-year degree in business related field or equivalent business related experience.
• Prefer Certified Subrogation Recovery Professional (CSRP) designation.
• One to two years of general business environment experience demonstrating strong decision making skills.
• Prior work experience handling subrogation claims preferred.
• Strong computer knowledge.
• Ability to memorize/recall information quickly.

Range is $63,800 - $78,000. Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information can be discussed with a member of the Recruiting team.

What We Offer

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You. 

Employment Practices

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

 

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