Subrogation Clerk Job Description
Subrogation occurs when an insurance company seeks reimbursement from the at-fault person's insurance company for insurance benefits paid to its policyholder. A subrogation clerk is an insurance claims representative responsible for recovering those benefits that were paid.
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Assesses Liability
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Analytical skills are necessary. The subrogation clerk assesses liability against the person who is considered at fault for the loss.
Files Subrogation Demand
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The subrogation clerk has strong organizational skills and works independently. A subrogation demand (request for reimbursement) is prepared and filed against the at-fault driver's insurance company.
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Negotiates Reimbursement
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Negotiation skills are required. Sometimes, the subrogation clerk negotiates the amount of reimbursement, taking into consideration any negligence apportioned against its own policyholder.
Finalizes Settlements
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Subject to a release, the subrogation clerk finalizes settlements. If 100 percent of the amount is recovered, the policyholder shall receive the full amount of the deductible returned.
Compensation And Education
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Depending on the insurance company, compensation for a subrogation clerk may include a base salary plus a percentage of recovery or a straight salary. Vault.com cites the starting base salary of a subrogation clerk as $20,000 to $30,000. This is an entry-level position that requires at least a high school diploma or equivalent.
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