Property Damage Subrogation (Collections) Specialist

First Chicago Insurance Company; Bedford Park (IL); On-site; USD 48,000 - 82,000; Full time

Job summary

A leading insurance company is seeking a Property Damage Subrogation Specialist to manage and resolve auto property damage claims. The ideal candidate will have extensive knowledge of coverage and strong negotiation skills. This in-office position offers a competitive salary and benefits package, including medical, dental, and a 401k plan.

Benefits

Medical and Dental and Vision Reimbursement

Short Term Disability/Long Term Disability

Life Insurance

Flexible Spending Account

Telemedicine Benefit

401k with a generous company match

Paid Time Off and Paid Holidays

Tuition Reimbursement

Wellness Program

Fun company sponsored events

Qualifications

• 3 to 5 years of auto insurance company subrogation collection experience required.
• Ability to pass written examinations for claim adjuster licensing.

Responsibilities

• Handle and resolve auto property damage subrogation claims.
• Negotiate settlements with insurance carriers and attorneys.
• Maintain compliance with state regulations.

Skills

Negotiation

Interpersonal Skills

Organizational Skills

Communication

Education

TX P&C License

Job description

We are seeking the ideal candidate for our Property Damage Subrogation Specialist opening for our growing insurance company!

The PD Subrogation Specialist will be responsible for the handling and resolution of all collectable auto property damage subrogation claims. Must have the ability to determine, develop and negotiate the theory of liability with Third Party carriers, attorneys, and uninsured motorists, as well as resolve files in accordance with company objectives and applicable state regulations.

DUTIES & RESPONSIBILITIES:

• Review evidence required supporting property damage subrogation activity on claims in accordance with policy contract, corporate claims policy and state regulations
• Contact appropriate parties, insurance carriers, attorneys and uninsured motorists so as to negotiate settlements which are in compliance with company objectives and applicable state regulations
• Maintain updated spreadsheet for all open subrogation collection claims to ensure proper compliance with company policy and applicable state regulations
• Maintain overall proper compliance with all applicable state regulations
• Evaluate all counter claims that present themselves and review with Claims management
• Review settlement offers with Claims management to ensure they are in compliance with company objectives and applicable state regulations
• Achieve / maintain company collection goals

QUALIFICATIONS REQUIRED:

• Minimum of 3 to 5 years of auto insurance company subrogation collection experience is required.
• In-Office position only (Oak Brook, IL or Bedford Park, IL)
• Extensive knowledge of coverage, non-standard auto experience
• Strong negotiator
• Ability to understand, read estimates of repair(s), total loss evaluations, attend court hearings/trials
• TX P&C License is required
• Good interpersonal, organizational, and verbal/written communication skills
• Ability to pass written examinations where required by state statutes to become a licensed claim adjuster
• Ability to work on an on-line computer-based claims system
• In-Office position

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

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental and Vision Reimbursement
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement
• Wellness Program
• Fun company sponsored events
• And so much more!

Estimated Compensation Range: $48,750/year-$82,000/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.

Job Posted by ApplicantPro