Claims Analyst

Claims Analyst

Requirement- Fresher- Immediate Joiner- BBA/ BA graduate (Preferable)

Job Description:

• Understand the US P&C Insurance / Claims function end to end.
• FNOL
• Pre-Adjudication like Coverage Verification, Indexing
• Subrogation and Salvage
• Document Management
• Loss Run
• Should have a basic understanding of the insurance policy and Claim life cycle.
• Good to have knowledge of end-to-end Claims function/Insurance life cycle
• Must have good knowledge of insurance terms premium, deductibles, claim etc
• Good written and verbal communication, and a team player
• Strong analytical skills
• Analyses and synthesizes information/makes decisions based on policies.
• Responsible and dedicated to meet the clients expectations.
• Prioritizes tasks in order of importance.

Key Responsibilities:

• Review requests of FNOL thoroughly of different LOBs receives from client
• Verify coverage and other details from policy document if the received claims is a legitimate one
• Highlighting data concerns like missing/incomplete data to the claim examiners
• Record claim information in system and generate unique claim no. for future related communication
• Process the claim payments
• Do a deep quality check of team members work
• Knowledge of detailed end to end claim lifecycle
• Create loss run report as requested by UW, insured & brokers etc.
• Closing claims as requested by claim examiners
• Work on client ad-hoc request
• Support on MIS/data reporting activities

Qualifications:

• Graduates
• Any P&C Insurance certificate from reputed institute is an added advantage

Proficiency in Microsoft Office (Word, Excel, and Outlook)