Description

JOB DESCRIPTION

The VP, Subrogation Recovery Unit Manager is responsible for leading the subrogation recovery function for property and auto claims, with a primary focus on managing external subrogation vendors, legal and claims teams. This role ensures optimal financial results, operational excellence, and effective collaboration across claims, underwriting, and senior leadership.

Key Responsibilities:

• Oversee and manage all external subrogation vendors, including subrogation legal teams, ensuring high performance in day-to-day recovery operations for property and auto matters.
• Lead and develop the internal management and claims team responsible for supervising outside vendors and handling subrogation claims.
• Drive financial accountability for the recovery results delivered by external vendors, including monitoring KPIs, budgets, and settlement outcomes.
• Exercise closing and settlement authority on the highest value and most complex claims, ensuring compliance with company standards and maximizing recovery.
• Serve as the primary liaison with senior leadership, providing regular updates, strategic recommendations, and performance reporting.
• Collaborate closely with underwriting teams to share insights, trends, and recovery opportunities that impact risk selection and pricing.
• Interface with claims property and auto disciplines to ensure seamless coordination and alignment of recovery strategies.
• Maintain and enhance strong subrogation and/or claims practices, leveraging industry best practices and regulatory compliance.
• Develop and implement strategies to improve recovery rates, vendor performance, and process efficiency.

QUALIFICATIONS

• Extensive experience in subrogation and/or claims management, preferably in property and auto lines.
• Proven track record of managing external vendors and legal teams in a high-volume, results-driven environment.
• Demonstrated leadership experience, including managing and developing management-level staff.
• Strong financial acumen with experience in budget oversight and performance management.
• Excellent communication skills, with the ability to influence and present to senior leadership.
• Experience interfacing with underwriting and claims disciplines.
• Bachelor's degree required; advanced degree or relevant certifications preferred.

Key Competencies:

• Strategic thinking and problem-solving
• Strong negotiation and settlement skills
• Vendor management and performance optimization
• Cross-functional collaboration
• Executive presence and communication

The pay range for the role is $165,000 to $220,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

ABOUT US

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. 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.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.