Claims Specialist - Workers Compensation

Lodestar Claims & Risk Services; Des Moines (IA); Remote; USD 60,000 - 80,000; Full time

Job summary

Lodestar Claims & Risk Services is seeking a Claims Specialist to manage workers' compensation claims across complex cases, conducting independent investigations, evaluating coverage and liability, and guiding settlements.

You will collaborate with Lodestar nursing staff to implement return-to-work strategies, manage reserves, and ensure compliance with state statutes while delivering excellent client service and adherence to company guidelines.

Qualifications

• Bachelor's degree and/or four or more years of equivalent work experience in an insurance related industry.
• Working knowledge of Workers' Compensation regulations for multiple jurisdictions.
• License required or ability to obtain license within 90 days of employment.

Responsibilities

• Investigates assigned claims with minimal supervision, including complex ones.
• Determines coverage, compensability, and potential for subrogation recovery.
• Alerts Supervisors to potentially suspect claims and ensures timely payment of benefits.
• Establishes and adjusts reserves with documented rationale throughout the claim life.
• Negotiates settlements within granted authority and manages case resolution plans.
• Collaborates with Lodestar nurses on return-to-work strategies and manages vendors.

Skills

Claims handling

Communication

Organization

Analytical thinking

Education

Bachelor's degree

Tools

MS Office Suite

Excel

Job description

Claims Specialist - Workers Compensation

#4913

Multiple Locations

Location

PMA Remote-PMAR

Position

Claims Specialist

External Description

As a member of our Claims team, utilize your knowledge of Workers Compensation Claims to independently investigate, evaluate and resolve assigned claims of a more complex nature in order to achieve appropriate outcomes. In this position you will administer and resolve highest risk management expectations claims in a timely manner in accordance with legal statues, policy provisions, and company guidelines.

Responsibilities:

• Promptly investigates all assigned claims with minimal supervision, including those of a more complex nature
• Determines coverage, compensability, potential for subrogation recovery, and second injury fund (when applicable)
• Alerts Supervisor and Special Investigations Unit to potentially suspect claims
• Ensures timely denial or payment of benefits in accordance with jurisdictional requirements
• Within granted authority, establishes appropriate reserves with documented rationale, maintains and adjusts reserves over the life of the claim to reflect changes in exposure
• Negotiates claims settlements within granted authority
• Establishes and implements appropriate action plans for case resolution including medical and disability management, litigation management, negotiation and disposition
• Works collaboratively with Lodestar nurse professionals to develop and execute return to work strategies
• Selects and manages service vendors to achieve appropriate balance between allocated expense and loss outcome
• Maintains a working knowledge of jurisdictional requirements and applicable case law for each state serviced
• Demonstrates technical proficiency through timely, consistent execution of best claim practices
• Communicates effectively, verbally and in writing with internal and external parties on a wide variety of claims and account issues
• Provides a high degree of customer service to clients, including face to face interactions during claims reviews, stewardship meetings and similar account- specific sessions
• Authorizes treatment based on the practiced protocols established by statute or the Lodestar Managed Care department
• Assists Lodestar clients by suggesting panel provider information in accordance with applicable state statutes.
• Demonstrate commitment to Company’s Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.

Requirements

• FL or TX License required.
• Experience handling claims in WI, IA, NB, MI and MO
• Bachelor's degree and/or four or more years of equivalent work experience required in an insurance related industry required
• Working knowledge of Workers Compensation regulations for IL jurisdiction.
• License required or ability to obtain license within 90 days of employment in mandated states
• Familiarity with medical terminology and/or Workers' Compensation
• Strong organizational skills with demonstrated ability to work independently and deal effectively with multiple tasks simultaneously
• Proven critical thinking skills that demonstrate analysis/judgment and sound decision making with focus on attention to details
• Strong verbal, written communication skills and customer service skills gained through previous work experience
• Computer literacy, including working knowledge of MS Office Product Suite, i.e. WORD, Excel, PowerPoint
• Ability to travel for business purposes, approximately less than 10%.

This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, or on any other basis prohibited by law. Information on race, gender and national origin will only be used for statistical and recordkeeping purposes, and will not be used in making any employment decisions. All information provided will be kept separate from your expression of interest. Providing this information is strictly voluntary, and you will not be subjected to any adverse action or treatment if you choose not to provide this information. If you do not choose to answer these questions, we ask that you select "Decline to Identify" for each question. Thank you for your voluntary cooperation.

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