Senior Claims Examiner
Senior Claims Examiner
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Preferred Employers Insurance A Berkley Company specializes in providing workers compensation insurance to California business owners. The company serves three major Product/Client Segments: Small Business MidLarger Businesses and Group Association Members (Programs). The companys distribution partners (agents & brokers) number just under 400 locations throughout the state. Preferred serves 11000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A Superior by industryrating organization AM Best & Company.
The company is an equal opportunity employer.
Responsibilities
The Senior Workers Compensation Examiner is responsible for the analysis and management of complex workers compensation claims. This position will review investigate and make decisions regarding coverage compensability and appropriateness of claims. The position will process and document claims to ensure compliance with company standards industry best practices and legislative provisions. Acts in a fiduciary role on behalf of policyholders negotiates claim settlements and manages subrogation. Senior Claims Examiners conduct the handling of claims in the utmost of good faith in compliance with the rules regulations and statutes of the WCAB and State of California. The Senior Workers Compensation Examiner is expected to function with a degree of competency. The use of sound judgment coupled with consistent results is expected.
Key functions include but are not limited to:
- Analyzes and processes workers compensation claims by investigating and gathering information to determine the exposure on the claim.
- Negotiates settlement of claims up to designated authority level and makes claims payments.
- Processes complex or technically difficult claims.
- Calculates and assigns timely and appropriate reserves to claims and continues to manage reserve adequacy throughout the life of the claim.
- Calculates and pays benefits due; approves all claim payments; and settles claims within designated authority level.
- Develops and manages claims through welldeveloped action plans; continues to work the action plan to bring the claim to an appropriate and timely resolution.
- Prepares necessary state filings within statutory limits.
- Actively manages the litigation process; ensures timely and costeffective claims resolution.
- Coordinates vendor referrals for additional investigation and/or litigation management.
- Uses appropriate cost containment techniques including strategic vendor partnerships to reduce overall cost of claims.
- Manages claim recoveries of all types including but not limited to subrogation Second Injury Fund recoveries and Social Security offsets.
- Reports claims to the excess carrier responds to requests of directions in a professional and timely manner.
- Frequently communicates with all appropriate parties involved with the claim.
- Refers cases as appropriate to management.
- Maintains professional client relationships.
- Actively executes appropriate claims activities to ensure consistent delivery of quality claims service.
Qualifications
- Bachelors degree preferred
- 5 years claims management experience.
- Professional certification as applicable to workers compensation required
- WCCP Preferred
- In depth knowledge of appropriate insurance principles and laws for workers compensation.
- Strong written and verbal communication skills.
- Strong organizational skills.
- Strong negotiation skills
- Strong analytical and interpretive skills.
- PC literate.
- Professional certification as applicable to workers compensation required.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $95000 $116000
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and ProfitSharing plans.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Required Experience:
Senior IC
Employment Type
Unclear
