Property Damage Subrogation (Collections) Specialist

First Chicago Insurance Company (FCIC); Bedford Park (IL); On-site; USD 60,000 - 80,000; Full time

Job description

If you are an experienced CLAIMS PROFESSIONAL (with many years of auto and especially nonstandard auto related experience) we'll make sure you are COMPENSATED AS A PROFESSIONAL!!

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 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 or other collections experience.
• Good interpersonal, organizational and verbal/written communication skills.
• Ability to pass written examinations where required by state statutes to become a licensed claims adjuster.
• Ability to work on an online computer based claims system.

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
• Flexible Work Schedules
• 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!