Recoveries Specialist

2 days ago

Sydney, Australia Combined Insurance Full time

Chubb is the world’s largest publicly traded property and casualty insurance company, with operations in 54 countries and territories and over 30,000 employees globally. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

**Your Role**

To provide operational and technical support to the Chubb Recoveries Team. Conforming with Chubb compliance and regulatory requirements while handling a portfolio subrogation and recovery matters across all lines of business.

**Your Responsibilities**
- Coach and mentor junior recovery claim handlers in your technical field.
- Handling/management of own portfolio of subrogation recovery claims for Chubb and/or other Chubb regional entities.
- Effective communication/negotiation with third parties in order to maximize recovery results.
- Efficient use of all Chubb systems ensuring all recovery information is readily available to other members of the Recoveries Team, Management and Referring Claim Office.
- Seek technical assistance in handling recovery claims exceeding authority.
- Maintain an active diary. Monitor same to achieve timely development of the file and timely disposition of the recovery claim.
- Promptly and properly document all developments in the recovery claims system.
- Where necessary, assist in helping with the collation of recovery data.
- Effectively negotiate compromise settlements where appropriate.
- Effectively communicate with the following:

- Claim Department, Customer Services, Risk Control, Underwriting Departments, brokers, insureds, counsel, third parties and/or their legal representatives.
- Adhere to Insurance Contracts Act and all other relevant statutory rules and regulations.
- Effectively control the use, work product and expense of outside vendors.
- Any other duties as required by the Recoveries Claims Manager.
- Accountable for taking all practical measures to ensure that the workplace is safe and without risk to health.

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