Loss Claims Specialist M-F 8am-5pm

Fifth Third Bank • Grand Rapids, MI

4h • Onsite

About The Position

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Under moderate supervision, collects and documents accounts involved in total or repairable loss claims involving a primary insurance carrier and/or GAP company in accordance with departmental, investor, and legal guidelines. Coordinate with insurance carrier through phone/email contact to ensure claim proceeds are received and accurate. Conduct research through account/contract reviews, receive and process aftermarket product cancellation payments, and track results for accuracy. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• High school diploma or equivalent required.
• Minimum 2 years of collections, insurance claims, or equivalent work experience.
• Excellent verbal and written communication skills.
• Strong experience with Microsoft office products, such as Word, Excel, PowerPoint, and Outlook.
• Proficient with computer systems and keyboarding / data entry skills with moderate speed and accuracy.
• Ability to work in a team environment, presenting a professional image and commanding the respect of peers and leadership.
• General knowledge of collection laws, regulations, principles of credit lending, and risk management.
• Utilizes a fair degree of independence and problem solving.
• Ability to multi-task and be flexible while managing change.

Responsibilities

• Coordinate with insurance companies and customers through inbound/outbound calls and emails to assist in the handling of total loss and/or repair claims
• Review accounts and work with dealers and/or providers to cancel aftermarket products
• Accurately and efficiently process refunds and update trackers to reflect payment information received
• Follow up with dealers and/or providers regarding discrepancies in refunds
• Procure and supply documentation necessary to garner claim proceeds
• Conduct research including statements, customer files, and payment copies to verify accuracy of claim proceeds
• Record all efforts via the department systems insuring that all accounts are called and noted accurately
• Perform any other duties as assigned

Benefits

• At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
• The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.
• Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.
• You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees