1. What is the average salary of a Subrogation Manager?
The average annual salary of Subrogation Manager is $102,716.
In case you are finding an easy salary calculator,
the average hourly pay of Subrogation Manager is $49;
the average weekly pay of Subrogation Manager is $1,975;
the average monthly pay of Subrogation Manager is $8,560.
2. Where can a Subrogation Manager earn the most?
A Subrogation Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Subrogation Manager earns the most in San Jose, CA, where the annual salary of a Subrogation Manager is $128,908.
3. What is the highest pay for Subrogation Manager?
The highest pay for Subrogation Manager is $139,091.
4. What is the lowest pay for Subrogation Manager?
The lowest pay for Subrogation Manager is $79,828.
5. What are the responsibilities of Subrogation Manager?
Subrogation Manager is responsible for the daily operations of the department which processes subrogation claims according to established standards and schedules. Oversees the evaluation of subrogation claims and recovery of overpayments for duplicate coverage, workers' compensation, and no-fault claims. Being a Subrogation Manager develops and maintains efficient other party liability and coordination of benefits systems. May be responsible for hiring, training, and firing staff. Additionally, Subrogation Manager may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Subrogation Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Subrogation Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
6. What are the skills of Subrogation Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analytical Skills: Analytical skill is the ability to deconstruct information into smaller categories in order to draw conclusions.
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Onboarding: Onboarding, also known as organizational socialization, is management jargon first created in the 1970's that refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. It is the process of integrating a new employee into the organization and its culture. Tactics used in this process include formal meetings, lectures, videos, printed materials, or computer-based orientations to introduce newcomers to their new jobs and organizations. Research has demonstrated that these socialization techniques lead to positive outcomes for new employees such as higher job satisfaction, better job performance, greater organizational commitment, and reduction in occupational stress and intent to quit.. These outcomes are particularly important to an organization looking to retain a competitive advantage in an increasingly mobile and globalized workforce. In the United States, for example, up to 25% of workers are organizational newcomers engaged in an onboarding process. The term induction is used instead in regions such as Australia, New Zealand, Canada, and parts of Europe. This is known in some parts of the world as training.
3.)
Personal Development: Personal development is a lifelong process. It is a way for people to assess their skills and qualities, consider their aims in life and set goals in order to realize and maximize their potential.