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Property Damage Subrogation Supervisor
First Chicago Insurance Company (FCIC) Chicago, IL

Property Damage Subrogation Supervisor

First Chicago Insurance Company (FCIC)
Chicago, IL
  • Medical , Dental , Paid Time Off , Retirement
  • Full-Time
Job Description
Company Info
Job Description

We are seeking a Property Damage Subrogation Supervisor!

The PD Subrogation Supervisor will be responsible for supervising a team of two - three Subrogation Specialists, dealing with collections and third-party property damage claims. The Supervisor will have their own claims files to handle and 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:

  • Provide supervision and direction to team of Subrogation Specialists, related to collections and third-party property damage claims.
  • 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.
  • Position requires extensive knowledge as it pertains to the necessary steps to file liens, suspend drivers licenses and initiate litigation in instances of non-payment of owed/collectible funds.
  • 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.
  • Perform other duties as assigned.

QUALIFICATIONS:

Required:

  • Minimum of 5 plus years of auto insurance company subrogation collection experience or other collections experience.
  • Position requires extensive knowledge as it pertains to the necessary steps to file liens, suspend drivers licenses and initiate litigation in instances of non-payment of owed/collectible funds.
  • Prior supervisory 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
  • Hybrid Remote/In-Office Opportunities Available
  • 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!


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First Chicago Insurance Company (FCIC) job posting for a Property Damage Subrogation Supervisor in Chicago, IL with a salary of $59,300 to $89,200 Yearly with a map of Chicago location.