14 property specialist Jobs in chicago, il
First Chicago Insurance Company (FCIC) is Hiring a Property Damage Subrogation (Collections) Specialist Near Chicago, IL
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 or other collections experience
- 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
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!
Job Summary
Full Time
$58k-73k (estimate)
06/28/2024
07/14/2024
firstchicagoinsurance.com
CHICAGO, IL
50 - 100
1920
SUSAN J ALBRECHT
$5M - $10M
Insurance
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About First Chicago Insurance Company (FCIC)
The company was founded on December 14, 1920 as the Chicago Ice Producers Mutual Liability Company. Originally organized as a mutual insurance company, its initial purpose was to insure the members of the Chicago District Ice Association for general liability, Workers Compensation, public liability for horses and wagons, and commercial vehicle insurance. Association members donated the $26,225 that was needed at that time to start insurance operations. The company was granted licenses to operate in the States of Illinois, Indiana and Wisconsin, which continue to be held today. In the 1930s, th ...
e company expanded into insuring the private passenger vehicles of the owners and employees of the ice companies. This business was later enlarged to include individuals referred by policyholders of the company. The companys name was changed to Chicago Mutual Liability Company in 1961. During the 1970s and 1980s, the company evolved from its original focus as a commercial lines insurer to become an automobile insurer. At the end of 1994, the Board of Directors decided to exit the Workers Compensation and general liability lines and concentrate on the personal and commercial auto lines of business. In 1991 the Board of Directors decided to change the companys distribution system from direct writing to partnering with independent producers. The company had maximized its growth as a direct writer and needed to adopt a different strategy. The companys name was changed again in 1996 to Chicago Mutual Insurance Company. In 2006, the company was converted from a mutual form of governance to a stock company. It was renamed First Chicago Insurance Company, and became a subsidiary of J & P Holdings, Inc. Innovation is the companys focus as the 100th anniversary of its founding approaches. Management continues to search for opportunities that will serve our current policyholders and contribute to the company's growth and profitability.
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