Workers' Compensation Specialist

VARITE is looking for a qualified Risk Analyst in Wilmington, DE.

WHAT THE CLIENT DOES?

A global chemical company specializing in advanced materials and specialty chemicals. It produces products for industries like electronics, automotive, and construction, with key areas in fluoroproducts, titanium technologies, and chemical solutions.

WHAT WE DO?

Established in the Year 2000, VARITE is an award-winning minority business enterprise providing global consulting & staffing services to Fortune 1000 companies and government agencies. With 850 global consultants, VARITE is committed to delivering excellence to its customers by leveraging its global experience and expertise in providing comprehensive scientific, engineering, technical, and non-technical staff augmentation and talent acquisition services.

Job Title: Risk Analyst – Workers’ Compensation

Location: Wilmington, DE

Contract Duration: 5 months

Candidate needs to be local to the area and the work requires a hybrid option, they will need to commit to 2 days a week in the Wilmington Office Building balance can be remote.

HERE'S WHAT YOU’LL DO:

The responsibilities of the position include, but are not limited to, the following:

• Employs proper judgment and decision making to analyze the claim exposure to determine the proper course of action to appropriately manage and settle the claims.

• Monitor claims consistent with corporate policies, procedures and “best practices” and also in accordance with statutory, regulatory and ethical requirements.

• Ensure reserving of the claim is properly stated.

• Prepare and validate the administration of Workers' Compensation claims at the business location level.

• Maintain a close working relationship with site contacts and the TPA adjusters and coordinate activities to facilitate an early return to work and case closure.

• Serve as the technical liaison between TPA branch offices, WC Coordinators and Broker to effectively administer claims.

• Establish and lead periodic claim reviews.

• Arrange/update/customize special account instructions to ensure communication alignment between *** and the TPA.

• Participate in the annual insurance renewal process, including gathering exposures, preparing submissions, and providing coverage analysis.

• Oversee accurate maintenance and administration of all surety bond activity and reporting within *** portfolio.

• Oversee accurate maintenance and administration of all insurance policy documentation and supporting information for all lines of coverage.

• Respond to various inquiries from insurers, brokers, and internal customers.

• Coordinate and manage issuance of certificates of insurance and auto ID cards for all operations.

• Assist in the management and resolution of claims for all lines of coverage.

• Other risk management duties as assigned.

Qualifications:

• Bachelor degree in finance, accounting or any other quantitative discipline

• 2 to 3 years of experience with Insurance Carrier, Third-Party Administrator (“TPA”), Broker or Risk Management Department with multiline (liability and workers compensation) claims background

• Knowledge of accepted industry standards and practices related to workers compensation (“WC”) and auto liability claims and reporting. Analytical skills necessary to make decisions and resolve issues inherent in the handling of claims.

• Ability to serve as the liaison between Third-Party Administrator branch offices, WC Coordinators and Broker to effectively administer claims.

• Work closely with site contacts and the TPA adjusters and coordinate activities to facilitate an early return to work and case closure.

• Oversee accurate maintenance and administration of all surety bond activity and reporting within *** portfolio.

• Participate in the annual insurance renewal process, including gathering exposures, preparing submissions, and providing coverage analysis.

• Respond to various inquiries from insurers, brokers, and internal customers.

• Provide in-house support to assist Treasury leadership with general ad hoc insurance related matters

If this opportunity interests you, please respond by clicking on EasyApply.

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VARITE is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.