VP, Subrogation Recovery Unit Manager

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 di...