Litigation Specialist

First Chicago Insurance Company (FCIC; Peoria (IL); On-site; USD 75,000 - 100,000; Full time

Benefits offered by this job

Competitive Salaries

Commitment to Training & Development

Medical and Dental

Telemedicine Benefit

401k with a generous company match

Paid Time Off and Paid Holidays

Tuition Reimbursement Training Programs

Wellness Program

Fun company sponsored events

Job summary

First Chicago Insurance Company (FCIC) is looking for an experienced Litigation Specialist to manage litigation claims, so you're expected to handle investigations and maintain accurate files. The ideal candidate will have at least 5 years of claims adjusting experience, alongside strong negotiation and communication skills. Compensation ranges from $75k to $100k annually, accompanied by a comprehensive benefits package, including medical and dental coverage, 401k, and a commitment to employee development.

Qualifications

• A college degree and/or five years of applicable claims adjusting experience is required.
• Knowledge of legal and medical terminology is crucial.
• Prospective candidates must demonstrate excellent negotiation and communication skills.

Responsibilities

• Handle litigation claims according to established procedures.
• Conduct prompt investigations and maintain appropriate diaries on all open files.
• Determine coverage and draft applicable letters as needed.

Skills

Negotiation skills

Communication skills

Organizational skills

Interpersonal skills

Knowledge of legal terminology

Knowledge of medical terminology

Education

College Degree and/or 5 years of applicable claims adjusting experience

Job description

We are seeking an experienced Litigation Specialist

DUTIES & RESPONSIBILITIES

• Handle litigation claims in accordance with established office procedures.
• Determine coverage and draft any applicable reservations of rights letters.
• Conduct prompt investigations by securing statements from the involved parties/witnesses and obtaining all necessary documents, including but not limited to police reports, medical specials, photographs, and/or appraisals.
• Litigation Management including strategizing with defense counsel and experts on defense cases, as well as declaratory judgment actions.
• Maintain an appropriate diary on all open files.
• Conduct business with vendors in a manner which maintains a reasonable expense factor and upholds the company's reputation for quality service.
• Ability to research and interpret case law, statute, and coverage forms in order to properly adjust and conclude claims.
• Evaluates and determine potential use of experts and/or field investigators.
• Maintain claim files and document all claim activity in accordance with applicable regulations and company policies.
• Prepare and present claim evaluations to secure appropriate settlement authority.
• Establish and maintain proper indemnity and expense reserves.
• Conduct onsite review of defense counsel as required by management.
• Adhere to the rules and regulations of the Department of Insurance specific to the loss state.
• Additional duties as deemed necessary by direct supervisor / management.

QUALIFICATIONS

• College Degree and / or 5 years of applicable claims adjusting experience.
• Knowledge of legal and medical terminology.
• Excellent negotiation, communication, organizational and interpersonal skills.
• Ability to pass written examinations where required by state statutes to become a licensed claim adjuster.

Benefits

First Chicago Insurance Company provides a competitive benefits package to all full-time employees. The following are some of the perks employees receive:

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement Training Programs
• Wellness Program
• Fun company sponsored events
• And so much more!

Estimated Compensation Range: $75k/year-$100k/year*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.