What are the responsibilities and job description for the Workers' Compensation Specialist position at Aquarius Professional Staffing?
Would you like the opportunity to be a vital asset to a very reputable Financial Services company? Don't miss your chance and apply now!!
What you will get as the Senior Workers' Compensation Specialist:
- Great benefits and a company that values Health and Wellness.
- Generous PTO, work-life balance, and ability to work remotely.
- Support financial wellbeing through compensation, 401K, etc.
- And much more!
What you will be doing as the Senior Workers' Compensation Specialist:
- Primarily responsible for providing support and oversight to manage Third Party Administrator (TPA) relationships and Claims Adjusters. Work to resolve issues with Risk Managers in support of client base of large accounts.
- Review weekly and monthly loss runs to monitor claim development and reserve adequacy for multiple lines of insurance.
- Monitor the performance of multiple TPAs to ensure compliance with Carrier Claim Handling Instructions and Best Practices.
- Work closely with TPA adjusters and legal counsel to develop claim resolution strategy for more complicated claims involving multiple jurisdictions and multiple lines of insurance and provide reserve and settlement authority of up to $100,000 total incurred.
- Manage and resolve complex customer service issues and claim reserve disputes with Risk Managers of Large Accounts and our MGA partners.
- Assist with the timely Carrier reporting and updating of claim developments in accordance with applicable reinsurance treaties.
What you will need as the Senior Workers' Compensation Specialist:
- 7 years of Workers’ Compensation technical expertise, claim resolution skills and knowledge of insurance and claim principles
- Excellent, analytical and strategic skills required
- Effective oral and written communication skills required
- Strong MS Excel skills required
- Knowledge of General Liability and Personal Injury experience is a plus
- Adjuster’s license in at least one state or industry designation such as CPCU is a plus
Salary : $100,000
