First Chicago Insurance Company

PIP Unit Supervisor

First Chicago Insurance Company  •  $53k - $106k/yr  •  Onsite  •  5 months ago
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Job Description

The PIP Unit Supervisor will be responsible for supervising overall productivity and personnel of the PIP Unit. Scope of the position includes ensuring compliance with State mandated claims handling guidelines and assuring proper investigation and conclusions of claims. Monitor production, staff development and the quality of files assigned to the Unit.

DUTIES & RESPONSIBILITIES:

  • Lead, motivate, and provide direction to PIP Specialists, Sr. PIP Specialists, and MP/PIP Adjusters.
  • Conduct file and diary reviews for the purpose of monitoring PIP Specialists, Sr. PIP Specialist, and MP/PIP Adjusters to assure appropriate documentation is available, fair claim settlement practices are followed, and company quality standards are maintained.
  • Place appropriate authority level on claim files based upon investigation of facts and approve settlement checks within authority.
  • Review reports and support the implementation of procedures which improve claim settlement and customer service levels and ensure that desired quality and quantity levels are maintained.
  • Oversee the implementation and monitoring of procedures to assure effectiveness and compliance.
  • Determine training needs of the department and establish and participate in programs to ensure training needs of personnel and processes.
  • Identify Systems issues/problems/suggestions for enhancements.
  • Work closely with defense counsel to secure opinions regarding coverage, liability, and cost-effective defense strategies.
  • Manage the administrative functions of the unit which include:
    • Review, provide direction and assign new losses
    • Setting performance objectives and monitoring performance results
    • Conduct performance appraisals
    • Daily review of files for payment approvals over adjuster authority and the transfer of files to appropriate areas (SIU, Litigation, Subrogation, etc.)
    • Conduct unit meetings
    • Review and respond to Department of Insurance complaints
    • Review and direct claim activity on customer inquiries
    • Assure all compliance and customer service regulations / initiatives are met
  • Complete special projects as assigned.

Knowledge, Skills, and Abilities:

Qualifications

  • Bachelor's degree or equivalent work experience
  • Liability or PIP Supervisory experience is preferred.
  • Minimum of five years of experience in claim adjusting, preferably with a focus on commercial PIP claims in NJ and PA.
  • Previous experience with AICRA in New Jersey and MVFRL in PA.
  • Strong knowledge of insurance principles, coverage types, and regulations governing PIP
  • Excellent analytical skills with the ability to assess complex situations and make informed decisions
  • Effective negotiation skills and the ability to resolve conflicts and disputes
  • Exceptional communication skills, both verbal and written, and the ability to convey information clearly and concisely
  • Detail-Oriented with strong organizational and time management skills
  • Proficiency in relevant software applications for claims management and documentation
  • Previous litigation experience is preferred but not required.
  • Excellent verbal and written communication, interpersonal, and organizational skills.
  • Ability to pass written examinations when required by state statutes to become a licensed claim adjuster.

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
  • 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: $52,500k/year-$106,250k/year*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.

First Chicago Insurance Company

About First Chicago Insurance Company

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 1930’s, the 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 company’s name was changed to Chicago Mutual Liability Company in 1961. During the 1970’s and 1980’s, 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 company’s 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 company’s 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 company’s 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.

Industry
Finance & Insurance
Company Size
51-200 employees
Headquarters
Bedford Park, IL
Year Founded
1920
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