Jobs · Finance

Senior Claims Adjuster - Workers Compensation

PMA Companies · Blue Bell, PA · 3 days ago
RemoteRemoteFinanceFull-time

Responsibilities

  • Promptly investigate all assigned claims with minimal supervision, including those of a more complex nature
  • Determine coverage, compensability, potential for subrogation recovery, and second injury fund (when applicable)
  • Alert Supervisor and Special Investigations Unit to potentially suspect claims
  • Ensure timely denial or payment of benefits in accordance with jurisdictional requirements
  • Establish appropriate reserves with documented rationale, maintain and adjust reserves over the life of the claim to reflect changes in exposure
  • Negotiate claims settlements with client approval
  • Select and manage service vendors to achieve appropriate balance between allocated expense and loss outcome
  • Maintain a working knowledge of jurisdictional requirements and applicable case law for each state serviced
  • Demonstrate technical proficiency through timely, consistent execution of best claim practices
  • Communicate effectively, verbally and in writing with internal and external parties on a wide variety of claims and account issues
  • Provide a high degree of customer service to clients, including face to face interactions during claims reviews, stewardship meetings and similar account-specific sessions
  • Authorize treatment based on the practiced protocols established by statute or the Lodestar Managed Care department
  • Aid Lodestar clients by suggesting panel provider information in accordance with applicable state statutes

Requirements

  • Bachelor's degree, or four or more years of equivalent work experience required in an insurance related industry
  • At least 3-5 years' experience handling lost time workers compensation claims required; past experience with PA jurisdiction is required
  • Associate in Claims (AIC) Designation or similar professional designation desired
  • Active 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

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