Sr. Worker's Compensation Analyst

Joseph T. Ryerson & Son, Inc; Downers Grove (IL); Hybrid; USD 73,000 - 102,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401K plan

Tuition reimbursement

Paid time off

Job summary

Joseph T. Ryerson & Son, Inc. is seeking a Senior Workers' Compensation Claims Analyst to lead Ryerson's workers' compensation program and manage TPAs. The role partners with EHS, HR, Finance, and site leaders to drive compliance, cost containment, and program performance.

This hybrid position requires periodic onsite attendance at our Chicago, IL, Downers Grove, IL, or Coon Rapids, MN offices, with commute as needed. Strong analytics and communication skills are essential.

Qualifications

• Bachelor's degree in business, risk management, insurance, or related field or an equivalent combination of education and experience.
• 7+ years of experience in workers' compensation claims analysis, insurance, risk management, or a related field; Ohio experience preferred.
• Experience with claims management software and data analysis.
• Experience overseeing third-party claims administrators and working with legal counsel, medical providers, and other business partners.
• Proficiency in Excel and data visualization tools.

Responsibilities

• Coordinate with insurers, adjusters, and internal stakeholders to resolve claims efficiently.
• Review medical reports and legal documentation to ensure appropriate benefits.
• Identify fraudulent or suspicious claims and ensure TPAs investigate thoroughly.
• Lead initiatives like the Transitional Work Program to improve effectiveness and reduce costs.
• Advise leaders on workers' compensation strategy, cost control, and risk reduction.
• Prepare monthly/quarterly reports on costs, resolution times, and compliance.

Skills

Workers' comp claims

Data analysis

Claims software

TPA coordination

Microsoft Excel

Regulatory compliance

Stakeholder collaboration

Education

Bachelor's degree in business or risk management

Tools

Claims management systems

Job description

Summary

Welcome to Ryerson, where exceptional career opportunities await. As a leading provider of industrial metal products and services since 1842, we are committed to excellence and best-in-class customer service. Join our team and be a part of a legacy of excellence, where your contributions will be valued, and your development supported. Ryerson offers a dynamic, quality-focused, environment, ideal for advancing your career and making your mark in the metals industry.

The Sr. Workers Compensation Claims Analyst leads the administration of Ryerson's workers' compensation claims program and oversees third-party administrators (TPAs). This role develops and executes strategies that drive compliance, cost containment, and program performance. Partnering closely with EHS, HR, Finance, and facility leaders, the analyst supports effective claims management across the organization. This hybrid role requires periodic onsite attendance at our Chicago, IL, Downers Grove, IL, or Coon Rapids, MN office. The ideal candidate must be able to commute to one of these locations as needed.

Roles and Responsibilities

• Coordinate with insurance providers, adjusters, and internal stakeholders to resolve claims efficiently
• Review medical reports, legal documentation, and claim data to ensure appropriate benefits are provided
• Identify fraudulent or suspicious claims and ensure TPAs investigate claims thoroughly
• Lead initiatives such as the Transitional Work Program and identify opportunities to improve program effectiveness and efficiency
• Serve as the organizational expert on workers' compensation policies, laws, practices, and regulatory requirements
• Analyze claim trends, costs, and trends to support risk mitigation strategies
• Prepare monthly/quarterly reports for management, including cost analysis, claim resolution times, and compliance status
• Advise leaders on workers' compensation strategy, cost control measures, and risk reduction initiatives
• Develop and implement process improvements to streamline claim handling and reduce costs
• All other duties as assigned or duties, responsibilities, and activities may change at any time with or without notice

Requirements

• Bachelor's degree in business, risk management, insurance, or related field or an equivalent combination of education and experience
• 7+ years of experience in workers' compensation claims analysis, insurance, risk management, or a related field; experience with Ohio workers' compensation programs preferred.
• Proven experience in claims management software and data analysis
• Experience overseeing third-party claims administrators and working with legal counsel, medical providers, and other business partners
• Proficiency in Excel, claims management systems, and data visualization tools
• Strong analytical, investigative, and problemsolving skills
• Attention to detail and ability to work under tight deadlines
• Ability to manage complex claims and high-stakes workers compensation matters

Salary: $72,691 - $101,864 annually plus bonus. A starting salary higher than $72,691 annually is based on a level of experience and education that significantly exceeds the minimum requirements and is commensurate with the compensation scale.

Benefits

• Medical, dental, and vision insurance programs
• Flexible spending accounts
• 401K plans with employer-matching contributions
• Tuition reimbursement
• Paid vacation, sick, and holidays

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex (including gender identity, sexual orientation or preference, and pregnancy), age, national origin, religion, disability or genetic information, marital status, status as a veteran, or any other federal, state or local protected class or artificial barrier.