Overpayment Recovery Specialist

Aflac; United States; Remote; USD 55,000 - 65,000; Full time

Job summary

A leading company in voluntary insurance is seeking a detail-oriented Recovery Specialist to manage overpayment recoveries. The position requires strong analytical skills, a focus on customer service, and proficiency in financial data management. Join Aflac and contribute to meaningful support for policyholders while advancing your career in a collaborative environment.

Benefits

Medical, dental, and vision coverage

401(k) plans

Annual bonuses

Paid holidays and PTO

Flexible spending accounts

Qualifications

• 4 years of job-related experience, including 2-5 years in disability insurance or financial management.
• Familiarity with industry regulations and compliance requirements.
• Experience with group disability insurance and collections.

Responsibilities

• Initiate recovery procedures for overpaid amounts.
• Develop and negotiate repayment plans.
• Manage collections vendor and oversee recovery efforts.

Skills

Attention to detail

Analytical skills

Math aptitude

Communication skills

Customer orientation

Negotiation skills

Education

High School Diploma or equivalent

Bachelor's Degree in accounting, finance, or business-related field

Tools

MS Office Suite

Financial software

Job description

Salary Range: $55,000 - $65,000

Job Posting End Date: June 11th 2025

We’ve Got You Under Our Wing

We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all…The Aflac Way.

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune’s 50 Best Workplaces for Diversity and as one of World’s Most Ethical Companies by Ethisphere.com.

Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there’s a home, and a flourishing career for you at Aflac.

Worker Designation – This role is a remote role. This means you will be expected to work from your home, within the continental US. If the role is remote, there may be occasions that you are requested to come to the office based on business need. Any requests to come to the office would be communicated with you in advance.

What does it take to be successful at Aflac?

• Acting with Integrity
• Communicating Effectively
• Pursuing Self-Development
• Serving Customers
• Supporting Change
• Supporting Organizational Goals
• Working with Diverse Populations

What does it take to be successful in this role?

• Strong attention to detail, accuracy is crucial when reviewing payment records, verifying overpayments, and ensuring correct adjustments.

• Ability to analyze financial data, identify discrepancies, and understand complex claim details to determine if overpayments have occurred.

• Strong math aptitude is required.

• Strong written and verbal communication skills are essential for notifying claimants, explaining overpayment situations, and negotiating repayment terms.

• Strong customer orientation with focus and desire to provide excellent customer service.

• Ability to handle complex situations, resolve disputes, and find solutions to recover overpaid funds effectively.

• Knowledge of Disability Insurance Policies: Understanding the terms and conditions of disability insurance policies is critical to accurately assess and process overpayments.

• Familiarity with industry regulations and compliance requirements ensures that recovery practices adhere to legal standards.

• Managing multiple cases, tracking repayments, and maintaining detailed records require excellent organizational abilities.

• Competence in negotiating repayment plans or settlements with claimants or providers to recover overpaid balances.

• Proficiency in using MS Office Suite, financial software, databases, and other tools for tracking payments and managing records.

• Ability to work effectively with various stakeholders, including claimants, providers, vendors and internal teams, often under sensitive circumstances.

Education & Experience Required

• High School Diploma or equivalent
• 4 years of job-related experience
• 2 - 5 years experience with group disability insurance, collections and /or financial management.

Or an equivalent combination of education and experience

Education & Experience Preferred

• Bachelor's Degree In accounting, finance, or business-related field
• Absence & Disability Industry Experience

Principal Duties & Responsibilities

• Initiate recovery procedures for overpaid amounts by communicating with claimants and/or their representatives.

• Independently negotiate repayment plans and settlements, ensuring they are fair and compliant with regulatory requirements, and balances claimant needs with favorable terms for the company.

• Monitor and manage ongoing recovery efforts to ensure timely collection of funds.

• Manage / oversee collections vendor to ensure optimal business outcomes.

• Maintain detailed records of overpayment cases, recovery actions, and claimant communications.

• Prepare and present reports on recovery status, outstanding overpayments, and performance metrics to management.

• Ensure all documentation is accurate and adheres to company policies and legal standards.

• Creates policies, procedures and standards around overpayment recoveries and collections

• Ensure recovery actions comply with applicable disability insurance regulations and industry standards.

• Stay informed about changes in disability insurance laws and regulations that may impact recovery processes.

• Implement and follow best practices to ensure compliance and mitigate risks.

• Interacts professionally and objectively with claimant legal counsel and represents Aflac to mitigate risks

• Address inquiries and concerns from claimants and their legal counsel regarding overpayments and recovery processes.

• Provide clear explanations and support to claimants throughout the recovery process.

• Collaborate with internal teams to resolve issues and enhance recovery strategies.

• Performs other duties as required.

Total Rewards

The salary range for this job is $55,000 to $65,000. This range is specific to the job and salary offers consider a wide range of factors that are considered in making compensation decisions, including, but not limited to: education, experience, licensure, certifications, geographic location, and peer compensation. The range has been created in good faith based on information known to Aflac at the time of the posting.

At Aflac, it is not typical for an individual to be hired at or near the top of the range for the role to allow for future and continued salary growth, and compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock. On an annual basis, you’ll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities.