Claims Adjuster, Subrogation at Pie Insurance

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

2-4 years experience in Workers' Compensation and/or Commercial Auto claims subrogation
Strong knowledge of insurance claim procedures
Strong written and verbal communication skills
Strong decision making and critical thinking skills
Strong negotiation skills
Ability to work in a fast paced environment with accuracy
Ability to learn quickly and take on new challenges and responsibilities
Proficiency in G-Suite Tools, Collaboration tools, Microsoft Office suite
High School diploma or GED required, Bachelor's Degree preferred

Responsibilities

Conduct additional investigation, including securing newly developed evidence, to maximize subrogation recoveries cost-effectively for all lines of business
Determine the amount of potential subrogation recovery
Develop and implement a subrogation strategy and action plan for each assigned subrogation claim
Evaluate liability and conduct additional investigations, as warranted, in order to settle claims at optimal levels
Collaborate and communicate with front line adjusters to determine the most appropriate outcome, providing new facts as they become available and an analysis of their impact on the liability and settlement options
Issue subrogation notices in accordance with state specific regulations
Provide detailed updates on subrogation status to relevant stakeholders
Maintain proactive and collaborative contact with insureds, claimants, adverse third parties, attorneys, and front-line adjusters to optimize the recovery process
Document subrogation action plan and recovery status in claim notes
Negotiate worker’s compensation and commercial auto subrogation claims with carriers, other responsible party(s), and other legal representatives or attorneys on liability and/or damages
Assist in the recovery of claim overpayments
Negotiate and compromise claim/lien settlement amounts based on the facts of each case

Skills

Key technologies and capabilities for this role

SubrogationClaims InvestigationLiability EvaluationNegotiationWorkers CompensationCommercial AutoClaim DocumentationStakeholder CommunicationRegulatory Compliance

Questions & Answers

Common questions about this position

What experience is required for the Claims Adjuster - Subrogation role?

Candidates need 2-4 years of experience in Workers' Compensation and/or Commercial Auto claims subrogation, along with strong knowledge of insurance claim procedures.

What key skills are needed for this position?

The role requires strong written and verbal communication skills, strong decision making and critical thinking skills, strong negotiation skills, and the ability to work in a fast-paced environment with accuracy.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position or what is the location policy?

This information is not specified in the job description.

What makes a strong candidate for this Claims Adjuster role?

A strong candidate will have 2-4 years of subrogation experience in Workers' Compensation or Commercial Auto, proficiency in tools like G-Suite and Microsoft Office, a Bachelor's degree preferred, and skills in negotiation, communication, and critical thinking; tailor your application to highlight these alignments as AI tools screen for matching qualifications and experience.

Pie Insurance

Provides workers' compensation insurance for small businesses

About Pie Insurance

Pie Insurance provides workers' compensation insurance specifically designed for small businesses. This type of insurance helps cover wage replacement and medical benefits for employees who are injured while working. The company utilizes data-driven technology to offer competitive pricing and ensure that clients receive quality coverage. The process for obtaining insurance quotes is quick and user-friendly, taking only three minutes, which is particularly beneficial for small business owners who may not have the time to deal with complicated insurance procedures. Pie Insurance operates in 38 states and Washington, D.C., with plans for further expansion. The company aims to deliver trusted and efficient insurance services, promising potential savings of up to 30% on workers' compensation insurance. Its unique approach lies in leveraging technology to simplify the insurance process, making it easier and more affordable for small businesses.

Washington, District of ColumbiaHeadquarters

2017Year Founded

$603.4MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave

Risks

Recent layoffs of 14% of workforce indicate potential financial instability.

Deteriorating funding environment may limit expansion and technology investments.

Increased competition from insurtech companies could pressure Pie to maintain competitive pricing.

Differentiation

Pie Insurance offers A.M. A-rated insurance with a simple online experience.

The company uses data analytics to accurately assess risks and price policies.

Pie Insurance provides quick insurance quotes, taking just three minutes for small businesses.

Upsides

Integration with Ivans Download could enhance operational efficiency and customer service.

Appointment of Audra Foglietta as CFO may drive financial performance and efficiencies.

Partnership with Endeavor Insurance Group could expand market reach and distribution channels.

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