Philadelphia Indemnity Insurance Company

Senior Claims Specialist, Workers Compensation

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Preferred college degree in a relevant field
  • 5-10 years of experience in Workers' Compensation claims handling
  • State licensing required or ability to obtain
  • Understanding of Workers' Compensation policy coverage
  • Familiarity with claims coding and technical matters
  • Knowledge of legal and medical terminology and civil agency laws
  • Proficiency in Microsoft Office and strong communication skills

Responsibilities

  • Confirm coverage and policy information for claims
  • Establish loss reserves and negotiate settlements
  • Manage outside vendors and attorneys for cost-effective claims handling
  • Ensure compliance with regulatory Workers' Compensation procedures
  • Pursue liens and subrogation when appropriate
  • Maintain adherence to internal claims practice rules
  • Communicate significant claim developments to management
  • Respond promptly to inquiries from all stakeholders

Benefits

  • Comprehensive benefits package with a generous 401K match
  • Focus on continued business growth and development
  • Emphasis on internal career opportunities and people development
Full Job Description
Job Summary

Process Workers Compensation Medical and Indemnity Claims, monitor Workers Compensation cases and direct attorney and outside vendors assigned to these claims.

Essential Job Functions
  • Confirm coverage and policy information.
  • Establish proper loss reserve, negotiate loss settlement (when applicable) and bring cases to resolution.
  • Maintain control of outside vendors/attorneys and their expenses by directing assignments to them and limiting their scope to maximize cost effectiveness while minimizing delays in claims handling. Such vendors/attorneys must not be used unless pre-approved by the department manager.
  • Maintain compliance with Workers' Compensation procedure and requirements established by regulatory authorities.
  • Pursue Workers' Compensation liens and subrogation when appropriate.
  • Maintain compliance with claims practice rules and internal instructions.
  • Keep manager advised of significant developments in claims.
  • Answer correspondence and inquiries promptly from brokers/agents, insureds, claimants, doctors, attorneys, outside vendors, TMA employees, etc.
  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.


Qualifications
  • College Degree Preferred
  • 5 to 10 years of experience handling Workers' Compensation claims for a major insurance carrier
  • Must have applicable state licensing or the ability to obtain.
  • Knowledge of Workers' Compensation policy coverages
  • Knowledge of coding related to claims technical matters
  • Knowledge of legal, medical terms and meanings, civil and agency laws and related fields which may come within the purview of Workers' Compensation claims
  • Ability to negotiate settlement/resolution of claims in a timely and reasonable fashion
  • Proficient in Microsoft office
  • Good oral and written communication skills


Salary range $115,000 to $120,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.

TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.

Benefits:

We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

About Philadelphia Indemnity Insurance Company

Philadelphia Indemnity Insurance Company is a subsidiary of Tokio Marine Group, a global insurance company. They offer a range of commercial insurance products, including property, liability, and automobile coverage. They work with a network of independent agents and brokers to provide customized insurance solutions to businesses of all sizes. They are committed to providing exceptional customer service and have received numerous awards for their claims handling and underwriting expertise.
Learn more about Philadelphia Indemnity Insurance Company
Size
1,000 employees
Industry
Founded
1980

Similar Jobs

More Jobs at Philadelphia Indemnity Insurance Company

More Finance & Insurance Jobs

Find similar Senior Claims Specialist, Workers Compensation jobs: