Property Damage Subrogation Specialist

First Chicago Insurance Company (FCIC; Bedford Park (IL); On-site; USD 50,000 - 65,000; Full time

Benefits offered by this job

Competitive Salaries

Medical and Dental and Vision Reimbursement

401k with a generous company match

Paid Time Off and Paid Holidays

Tuition Reimbursement

Wellness Program

Job summary

A growing insurance company in Illinois seeks a Property Damage Subrogation Specialist. The role involves managing and resolving auto property damage subrogation claims, negotiating with insurance carriers and attorneys, and ensuring compliance with state regulations. Ideal candidates will have 3 to 5 years of experience in auto insurance subrogation, strong negotiation skills, and the ability to work in an in-office environment. Competitive salary range is provided along with a comprehensive benefits package.

Qualifications

• 3 to 5 years of auto insurance subrogation experience is required.
• Knowledge of liability law is essential.
• Ability to pass required written examinations for licensing.

Responsibilities

• Handle and resolve auto property damage subrogation claims.
• Negotiate settlements with insurance carriers and attorneys.
• Review evidence in accordance with policy and state regulations.

Skills

Negotiation skills

Interpersonal skills

Organizational skills

Communication skills (verbal/written)

Education

College degree

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 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, and attorneys, to negotiate settlements which are in compliance with company objectives and 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 goals
• Perform other duties as assigned

QUALIFICATIONS REQUIRED:

• Minimum of 3 to 5 years of auto insurance company subrogation experience
• Knowledge of liability law
• 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 on-line computer-based claims system
• In-Office position

Preferred:

• College degree

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: $50,000/year-$65,000/year*

*Published ranges are estimates.