Reinsurance Recovery Associate (Remote Home-Based Worker)

Company: Allstate Insurance Company
Location: Chicago
Posted on: January 28, 2023

Job Description:

The world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. You'll have opportunities to take risks, challenge the status quo and shape the future for the greater good.You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.Everything we do at Allstate is driven by a shared purpose: to protect people from life's uncertainties so they can realize their hopes and dreams. For more than 89 years we've thrived by staying a step ahead of whatever's coming next - to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We've been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don't follow the trends. We set them.Job Summary:The PIP Reinsurance Recovery Associate III is responsible for the day to day activities of recovering outstanding reinsurance recoverables of assigned claims of basic complexity. This entails but is not limited to accurately and timely submit request for reimbursement, responding to request for information (RFI) and maintaining appropriate documentation to assist in collection efforts of assigned claims. Ability to communicate effectively to reinsurer, co-workers and immediate manager is expected. Assignments are basic complexity, perform under general supervision, following a standard prescribed process. This position is a permanent remote home-based worker. Your home office does not need to be near an Allstate office, but it does need to be in the United States. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.Key Responsibilities:

• Prepares Request for Reimbursements (RFR) for claims of basic complexity following a standard prescribed process
• Review RFR for adherence to the reinsurer Claim Guide for Reimbursement prior to submission for approval.
• Performs routine balancing of claim and reinsurance systems (Next GEN/ACA/SAP) of basic complexity claims
• Including, identify, document and resolve any routine reconciling variances
• Work under the direction of Management in resolving any non-routine reconciling variances
• Responds timely to all Request for Information (RFI) from reinsurer on assigned claims
• Setup and maintain accurate recovery claim files and ensure diary is kept updated and current
• Ensure RFR submissions are submitted accurately and timely for all assigned claimsFunctional Skills:---
  • General knowledge of the fundamentals of the Insurance Industry
  • Solid PC skills in Microsoft Office
  • General time management (organization, priorities) skills on routine job responsibilities
  • General procedural analysis, documentation and communication skills
  • Experience with Allstate's internal reinsurance system and hardware for submission of RFR's is a plus
  • General knowledge of PIP Reinsurance Recovery department policies and procedures
  • General skills in RFR submission on reinsurer's systemEducation and Experience:
    • High school/G.E.D. with additional specialized/technical training or some college courses in Bookkeeping/Accounting
    • 0 - 6 months of related experience in bookkeeping, banking or professional work environmentSupervisory Responsibilities:This job does not have supervisory duties.Notes:The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as assigned. Regular, predictable attendance is an essential function of this job.Compensation offered for this role is$36,000.00-$43,000 per yearand is based on experience and qualifications.The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.Good Work. Good Life. Good Hands -.As a Fortune 100 company and industry leader, we provide a competitive salary - but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.Learn more about life at Allstate. Connect with us on , , and or watch a .Allstate generally does not sponsor individuals for employment-based visas for this position.Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.For jobs in San Francisco, please click "" for information regarding the San Francisco Fair Chance Ordinance.For jobs in Los Angeles, please click "" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.To view the "EEO is the Law" poster click "". This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance ProgramsTo view the FMLA poster, click "". This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.It is the Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Keywords: Allstate Insurance Company, Chicago , Reinsurance Recovery Associate (Remote Home-Based Worker), Other , Chicago, Illinois