Jobs · Finance

Lost Time Claims Specialist - Workers' Compensation

Encova Insurance · United States · 1 mo ago
RemoteRemoteFinance$55k–$111k/yrFull-time

About the role

The Lost Time Claims Specialist, Workers’ Compensation primarily manages indemnity claims. The Lost Time Claims Specialist is responsible for the investigation, evaluation, and determination of compensability for work-related injury and disease claims following established guidelines to determine benefit eligibility. The Lost Time Claims Specialist also serves as a resource to Medical Only Claims Specialists and Claims Specialist Trainees. The position’s objective is to provide superior service in a cost-effective manner to achieve best possible outcomes as well as proactively collaborate across the enterprise to ensure alignment of objectives and foster continuous improvement.

Responsibilities

  • Evaluates and establishes an action plan to manage medical and indemnity benefits associated with injury and occupational disease claims to their most cost‑effective conclusion.
  • Decides the outcome of the claim using sound judgment by applying established policy, procedures, regulations and guidelines.
  • Gathers facts by conducting interviews with all involved parties and considers all the elements of the claim prior to issuing a decision.
  • Take recorded statements when necessary.
  • Determines eligibility of indemnity and medical benefits once salary information and medical treatment plans have been secured and processed within the designated authority levels.
  • Utilize proactive reserving behaviors to ensure adequate case reserves which reflect the probable ultimate outcome based on the current known circumstances throughout the life of the claim.
  • Actively identifies and develops the investigation of and pursuit of subrogation recoveries when possible.
  • Consults with assigned claim

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