Property Damage Subrogation (Collections) Specialist

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

Job summary

An established industry player in the insurance sector is seeking a Property Damage Subrogation Specialist. In this role, you'll handle auto property damage claims, negotiating settlements while ensuring compliance with state regulations. The ideal candidate will have strong negotiation skills and a solid understanding of auto insurance. This full-time position offers a competitive salary and a comprehensive benefits package, including medical, dental, and tuition reimbursement. Join a dynamic team committed to your professional growth and success in a supportive environment.

Benefits

Medical and Dental Reimbursement

401k with Company Match

Paid Time Off

Tuition Reimbursement

Wellness Program

Short and Long Term Disability

Telemedicine Benefit

Fun Company Sponsored Events

Qualifications

• 3-5 years of experience in auto insurance subrogation collections.
• Ability to negotiate settlements with various parties.
• Understanding of state regulations and compliance.

Responsibilities

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

Skills

Negotiation Skills

Interpersonal Skills

Organizational Skills

Verbal/Written Communication

Understanding of Auto Insurance

Education

High School Diploma

TX P&C License

Tools

Online Computer-Based Claims System

Job description

Property Damage Subrogation (Collections) Specialist

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Property Damage Subrogation (Collections) Specialist

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Join to apply for the Property Damage Subrogation (Collections) Specialist role at First Chicago Insurance Company

First Chicago Insurance Company provided pay range

This range is provided by First Chicago Insurance Company. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$48,750.00/yr - $82,000.00/yr

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
  
  

Benefits

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Insurance

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