What are the responsibilities and job description for the Recovery Examiner I position at National Indemnity Company?
Company:
NICO National Indemnity Company
Want to work for a company with unparalleled financial strength and stability that offers “large company” benefits with an exciting, friendly, and “small company” atmosphere? Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provides opportunities for professionals interested in just that.
Company:
NICO National Indemnity Company
Want to work for a company with unparalleled financial strength and stability that offers “large company” benefits with an exciting, friendly, and “small company” atmosphere? Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provides opportunities for professionals interested in just that.
A Brief Overview
Reviews first party claims such as physical damage, cargo, PIP or Medical Payments claims referred by claims examiners with subrogation potential and/or unpaid premium claims. Conducts recovery investigation and manages recovery demands within authority. Files suit for subrogation demands that are denied.
What will you do?
Bachelor's degree in related field or equivalent work experience.
Experience
One or more years work experience.
Preferred Knowledge
We care about your health and wellbeing! Our Wellness program is integrated into the Company culture with an online wellness portal that offers a year-round, one-stop-shop to manage and track all areas of health, our Omaha office boasts a complimentary state-of-the-art onsite fitness center, and a robust wellness program.
Benefits, Perks and more! We offer retirement and savings plan with immediate enrollment with 100% employer match up to 5%, Medical, Dental and Vision for regular, full-time employees and eligible dependents, a dedicated Learning & Development program for employees to grow personally and professionally, 100% upfront Educational Reimbursement program, subsidized downtown parking, competitive time off policies including parental leave, an Employee Assistance program and much more!
NICO National Indemnity Company
Want to work for a company with unparalleled financial strength and stability that offers “large company” benefits with an exciting, friendly, and “small company” atmosphere? Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provides opportunities for professionals interested in just that.
Company:
NICO National Indemnity Company
Want to work for a company with unparalleled financial strength and stability that offers “large company” benefits with an exciting, friendly, and “small company” atmosphere? Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provides opportunities for professionals interested in just that.
A Brief Overview
Reviews first party claims such as physical damage, cargo, PIP or Medical Payments claims referred by claims examiners with subrogation potential and/or unpaid premium claims. Conducts recovery investigation and manages recovery demands within authority. Files suit for subrogation demands that are denied.
What will you do?
- RECOVERY ANALYSIS: Reviews first party claims such as physical damage, cargo, PIP or Medical Payments claims referred by claims examiners with subrogation potential and/or unpaid premium claims. Evaluates claims and amounts owed, determines and documents anticipated recovery. May determine Company has no enforceable right to recover amounts within specified authority.
- RECOVERY INVESTIGATION: Determines if third party coverage exists or assets are available by conducting an investigation, which may include obtaining statements from witnesses, insureds, and third parties and/or assigning adjusters or forensic engineers or accountants to obtain information and documents. Directs independent adjusters and auditors during investigation to gather evidence to prove liability. May review premium calculations, audit results, new evidence presented by insured, applicable legal standards, and other information to determine probable result of litigation to recover unpaid premium.
- RECOVERY ENGAGEMENT: Makes demands by telephone or letter to the responsible parties or their insurance carrier(s). Demands recovery from the insured where reimbursement is due to unpaid premium or a regulatory filing. May initiate additional investigation such as ordering asset search to determine recovery potential. Initiates skip traces to locate responsible parties. Communicates by letter with Department of Motor Vehicles when a debtor defaults to suspend his driving privileges. Contacts the local county or city attorney to make restitution part of the criminal sentence and provides the necessary evidence to document the claim. Negotiates recovery of less than 100% when appropriate and within specified authority without prior approval. Negotiates payment terms of promissory notes and customizes contracts for signature of debtor. Consults with Manager or examiners when recovery involves difficult issues or questions about liability are to be resolved.
- LITIGATION: Determines when to file suit for subrogation demands that are denied. Evaluates, selects, and directs attorneys during litigation and in the negotiation and settlement within established limits. Submits affidavits and other required documents to attorney filing suit. Maintains control of file to ensure cost effective recovery. Obtains direction from Manager on difficult cases. Attends mediation when required.
- COMMUNICATION AND DOCUMENTATION: Prepare and maintain accurate and timely record of communications with Insureds, Claimants, and other third-parties. Maintains a diary system to ensure prompt follow up and collection. Maintains computerized databases using Claim Information Systems (CIS) to record incoming checks. Determines and diaries statute of limitations date on recovery files. Refers delinquent accounts to collection coordinator. Closes uncollectible files when situation demands.
- LICENSING: Obtain and maintain all required licenses and certifications; maintain current knowledge of insurance and claim management principles and practices through review of published opinions, trade periodicals and other professional literature and conferences.
Bachelor's degree in related field or equivalent work experience.
Experience
One or more years work experience.
Preferred Knowledge
- Interpretation and application of insurance contracts
- Insurance claim procedures, loss evaluation methods and claim resolution alternatives
- Insurance related courses such as AIC, CPCU
- Investigation
- Evaluation and analysis
- Negotiation
- Case management
- Time management and prioritization
- Excellent oral and written communication, especially with individuals outside the Company
- Organize time and resources and handle multiple high priorities
- Research and evaluate alternatives, reach decisions, and make recommendations
- Maintain strict confidentiality
- Meet deadlines
- Work with detail with accuracy
- Work well with others
We care about your health and wellbeing! Our Wellness program is integrated into the Company culture with an online wellness portal that offers a year-round, one-stop-shop to manage and track all areas of health, our Omaha office boasts a complimentary state-of-the-art onsite fitness center, and a robust wellness program.
Benefits, Perks and more! We offer retirement and savings plan with immediate enrollment with 100% employer match up to 5%, Medical, Dental and Vision for regular, full-time employees and eligible dependents, a dedicated Learning & Development program for employees to grow personally and professionally, 100% upfront Educational Reimbursement program, subsidized downtown parking, competitive time off policies including parental leave, an Employee Assistance program and much more!