Claims Payments & Reconciliation Specialist

Munich Re; Princeton (NJ); On-site; USD 51,000 - 60,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

401k match

Retirement plan

Holidays and PTO

Job summary

Munich Re Specialty - North America in Princeton, NJ, seeks a Claim Operations Associate to support the claims team with reconciliation of financial transactions, processing payments, and assisting with collections and account replenishments.

You will ensure data quality in records, handle communications with internal and external partners, and support first notices and related correspondence, with proficiency in systems such as ISCyL, FSRI, and SharePoint.

Qualifications

• Excellent organizational, multi-tasking and time management skills.
• Ability to build and sustain internal and external business relationships.
• Enjoys working in a fast-paced work environment.
• Self-motivator and effective at prioritization.
• Proactive in identifying process improvements and adaptive to change.
• Collegial team member who contributes to an upbeat, inclusive environment.

Responsibilities

• Validate and accurately process lower to medium complexity financial transactions for claims that are being handled by the assigned TPAs, MGAs and Cover holders.
• Input payment data and issue timely payments to insureds, claimants, vendors and associated parties.
• Ensure that checks, ACH payments, and wire transfers are efficiently processed and recorded.
• Reconcile and process financial transactions related to account replenishments and reimbursements.
• Request, process and import third-party data submissions while identifying any issues/inconsistencies.
• Prioritize daily workload to ensure that all tasks are completed within their deadlines.
• Communicate clearly with internal and external stakeholders and with business partners.
• Demonstrate proficiency in multiple systems, including but not limited to: ISCyL, FSRI, SharePoint, workflow tools, and TPA claim-handling systems.
• Process incoming emails, and accurately create or update claim files based upon the incoming information.

Skills

Organization

Relationship building

Time management

Adaptability

Process improvement

Team player

Tools

ISCyL

FSRI

SharePoint

Workflow tools

TPA systems

Job description

Munich Re Specialty - North America in Princeton, NJ, seeks a Claim Operations Associate to support the claims team with reconciliation of financial transactions, processing payments, and assisting with collections and account replenishments.

You will ensure data quality in records, handle communications with internal and external partners, and support first notices and related correspondence, with proficiency in systems such as ISCyL, FSRI, and SharePoint.