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Claims Analyst

BCS Financial Corporation
Posted a month ago, valid for 16 days
Location

Oak Brook, IL 60523, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Claims Analyst position involves assisting the Claims Manager in adjudicating claims according to policy and plan documents.
  • Candidates are required to have a Bachelor's degree or equivalent experience, with a preference for those holding insurance industry designations.
  • The role necessitates knowledge of current state issues, regulations, and industry trends related to claims, along with proficiency in Microsoft Office, particularly Excel.
  • Experience with stop-loss claims, medical insurance contracts, and data analytics is preferred, alongside strong problem-solving skills.
  • The salary for this position is competitive, and candidates should have relevant experience in the insurance industry.

Position Overview:

The Claims Analyst is responsible for providing assistance to the Claims Manager while ensuring that claims are properly adjudicated in accordance with our Policy and the underlying Plan/Group Documents.

This position will report to the Claims Manager.


Essential Elements

  • Review, analyze, manage, and adjudicate claims on the Stop Loss and Excess of Loss book of business to determine action to be taken.
  • Research and resolve claim issues by identifying and analyzing problems and/or risks, and assembling the documentation needed to support the recommendation to resolve the problem.
  • Maintain applicable logs, files, and company turnaround time standards.
  • Maintain knowledge of the insurance industry through continuing education.
  • Other tasks as assigned.

Requirements:

Education and Certifications:

  • Bachelor’s degree or commensurate experience required
  • Insurance industry designations preferred

Experience:

  • Knowledge of current state issues, regulations, and industry trends as it relates to claims required
  • Demonstrate proficiency with computer software, including Microsoft Office Suite, with advanced skills in Excel required
  • Knowledge of COB, Medicare, HIPPA, CPT, ICD-10, COBRA, and benefit plan interpretation preferred
  • Knowledge of medical insurance stop-loss contracts and self-funded plans preferred
  • Understanding and experience with data analytics preferred
  • Experience handling large volumes of stop loss claims preferred
  • Understanding and experience with data analytics preferred


Travel:

  • Limited travel to Third Party Administrator (TPA) sites.



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