Billing & Collection Specialist
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Job Location:
Chicago, IL - USA
Yearly Salary:
$ 54000 - 103000
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.
Under technical direction assigns cases and provides technical expertise to legal collection staff including guidance and setting collection strategies for the most complex accounts with the highest financial exposures.JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Serves as technical expert to the legal collections staff providing guidance on collection strategies and evaluations.
- Evaluates most complex cases and establishes collection strategies.
- Assigns cases to collection agencies and/or attorneys as required.
- Responsible for trial preparation witness preparation mediation negotiation and settlement of collection actions.
- Evaluates case exposures cost benefit analysis and determines best practices or strategy to resolve matter including negotiated settlement write-off revision and premium re-audits.
- Initiates action to resolve matter in manner that is in the best interest of CNA including using assigned write-off authority and settlement authority.
- Maintains detailed file activity documentation through closure of collection efforts.
- Ensures accounts are reconciled between collection central and source ledger processing systems.
- Trains and mentors collection and accounting staff in the legal collections area.
Reporting Relationship
Manager or above
Skills Knowledge and Abilities
- In-depth knowledge of legal collections methods systems and related interfaces and claims systems and claims reports.
- Strong understanding of accounting principles and procedures and cash flow concepts collateral arrangements and finance agreements.
- Strong understanding of the insurance industry and property casualty products for large commercial clients.
- Excellent communication negotiating and influencing skills needed to deal effectively with high profile individuals often regarding sensitive collection issues.
- Ability to mentor others and foster teamwork.
- Strong analytical and problem-solving skills.
- Knowledge of computer applications including Microsoft Office Suite and other business related software.
Education and Experience
- College degree or equivalent experience.
- Typically a minimum of seven years related experience in collections
#LI-Hybrid
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In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $54000 to $103000 determinations are based on various factors including but not limited to relevant work experience skills certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees and their family members achieve their physical financial emotional and social wellbeing goals. For a detailed look at CNAs benefits please visit.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.
Required Experience:
IC
Key Skills
- Medical Collection
- Accounts Receivable
- Athenahealth
- ICD-10
- Medical Coding
- 10 Key Calculator
- Detailing
- ICD-9
- Medical Billing
- Microsoft Excel
- CPT Coding
- Medicare
About Company
CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more
