Insurance Policy Processing Clerks

Course Advisor

United States

On-site

USD 27,540 - 60,500

Full time

14 days+

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Job summary

Course Advisor is looking for an Insurance Policy Processor to manage insurance applications, changes, reinstatements, and cancellations. Responsibilities include processing applications, reviewing data for accuracy, and preparing necessary documents. Strong communication skills are essential, along with proficiency in Microsoft Office tools. The salary ranges from $27,540 to $60,500 annually, depending on location and experience. This role is located in the United States and is an excellent opportunity for detail-oriented individuals.

Responsibilities

Process, prepare, and submit business or government forms.
Notify insurance agent and accounting department of policy cancellation.
Transcribe data to worksheets and enter data into computer.
Check computations of interest accrued, premiums due, and settlements.
Process and record new insurance policies and claims.
Review and verify personal data on insurance applications.

Skills

Active Listening

Speaking

Reading Comprehension

Writing

Critical Thinking

Judgment and Decision Making

Tools

Microsoft Excel

Microsoft Word

Microsoft Office

Microsoft PowerPoint

Microsoft Outlook

Web browser software

Microsoft Access

Data entry software

Word processing software

Spreadsheet software

Database software

Microsoft Internet Explorer

Medical procedure coding software

Healthcare common procedure coding system HCPCS

Medical condition coding software

IBM Lotus Notes

Novell GroupWise

Insurance rating software

Job description

Position Description

Process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party’s specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.

Responsibilities

Process, prepare, and submit business or government forms, such as submitting applications for coverage to insurance carriers.
Notify insurance agent and accounting department of policy cancellation.
Transcribe data to worksheets and enter data into computer for use in preparing documents and adjusting accounts.
Check computations of interest accrued, premiums due, and settlement surrender on loan values.
Process and record new insurance policies and claims.
Review and verify data, such as age, name, address, and principal sum and value of property on insurance applications and policies.

Skills

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Related Job Titles

Insurance Processor
Reinsurance Clerk
Account Administrator
Client Process Specialist
Policy Title Typist

Average Salary

The salary for Insurance Policy Processing Clerks ranges between about $27,540 and $60,500 a year. This varies by location, with the highest salaries in District of Columbia, Connecticut, and Massachusetts.

Tools & Technologies