Claims Recovery Salvage Consultant
Location: Downers Grove, IL, USA / Wyomissing, PA, USA
Time Type: Full time
Posted on: Posted 2 Days Ago
Job Requisition ID: R-4672
You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA’s benefits, check out our Candidate Guide.
This individual contributor position works under general direction to identify and investigate salvage potential, negotiate, litigate and pursue recoveries for highly complex commercial claims that require strong technical expertise in a specific line of business. Responsibilities include following company protocols to identify, evaluate, analyze and interpret Salvage potential, working with internal resources and external parties to negotiate/litigate through final resolution of the recovery process.
JOB DESCRIPTION:
Essential Duties & Responsibilities
- Manages salvage potential of highly complex commercial claims. Take appropriate steps to secure evidence needed to pursue salvage recovery, ensuring accuracy and completeness of information and recording and processing salvage funds associated with the loss, damage.
- Drives resolution of claims inventory by effectively managing diaries, maintaining accurate and timely claims file documentation, utilizing metrics and analytics, and escalating issues as needed.
- Ensures excellent customer service by interacting professionally and effectively with insureds, claimants, and third party entities to ensure quality and cycle time standards are met, providing regular, timely updates and responding promptly to inquiries and requests for information.
- Drives interactions with appropriate internal and external partners, salvors, suppliers and experts by effectively collaborating with necessary resources to identify and facilitate reimbursements of paid claims.
- Leads investigation by gathering relevant information internally as well as from third parties to support salvage recovery efforts.
- Communicates effectively by preparing both verbal and written correspondence to insureds, claimants, vendors and responsible parties.
- Establishes and manages expenses by achieving timely claim salvage resolution, selecting and actively overseeing appropriate resources, authorizing expense payments and delivering high quality service in an efficient manner.
- Ensures quality on every file by following all company guidelines, achieving quality and cycle time targets, ensuring proper documentation and securing appropriate recoveries from responsible parties.
- Drives compliance with state/local regulatory requirements by following company guidelines, and staying current on commercial insurance laws, regulations or trends for line of business.
- Serves as a mentor/coach to less experienced recovery professionals and works on special projects, as needed.
Skills, Knowledge & Abilities
- Thorough knowledge of the commercial insurance industry, products, policy language, coverage, and recovery practices.
- Excellent verbal and written communication skills with the ability to develop collaborative working relationships, articulate complex concepts and present claims and recommendations to senior management.
- Demonstrated ability to develop collaborative business relationships with internal and external work partners.
- Demonstrated analytical and investigative mindset with critical thinking skills and ability to make sound business decisions, and to effectively evaluate and resolve ambiguous, complex and challenging business problems.
- Strong work ethic, with demonstrated time management and organizational skills.
- Ability to work in a fast-paced environment at high levels of productivity on complex matters.
- Experience interpreting complex commercial insurance policies and coverage.
- Ability to multi-task and adapt to a changing environment.
- Knowledge of Microsoft Office Suite and ability to learn business-related software.
- Demonstrated ability to value diverse opinions and ideas.
Education / Experience
- Bachelor's degree with 6 or more years of claim handling experience in the line of business, OR High School Diploma with 8 or more years of claim handling experience in the line of business.
- Prior negotiation experience.
- Professional designations such as CPCU are highly encouraged.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com.
#J-18808-Ljbffr
