Location Designation:Fully Remote
Role Overview:
Reviews, approves or denies routine andclaims up to level of authority. Recommends payment or denial of claims over designated authority level. Keeps abreast of claim related legal principles, tax requirements, as well as underwriting rules and procedures. Provides service and claims support to Third Party Administrators, certificate holders, and beneficiaries by responding to inquires as well as analyzing, evaluating and approving, or recommending denial of: Death, Accidental Death, Accelerated Benefits, Dismemberment, and Waiver of Contribution claims. Processes follow-up inquiries on "Pending" claims. Directs investigations on contestable and accidental claims. Prepares/sends correspondence to contract holders, claimants, and various organizations for records. Adheres to Fair Claims Practices regulations, NYL Claim service standards, Delegation of Authority and Corporate policies. Providing customer service for Life, Dismemberment, Accelerated, and Waiver claims. *Approval/denial authority up to $150,000. **Candidates must reside in the Tampa Bay area to be considered**
What You'll Do:
- Reviewing submitted claims to ensure proper guidelines have been followed and eligibility requirements have been met.
- Calculating the appropriate payment for the claims and approves payment of claims within the delegated authority.
- Manages claims, including referral to management and/or Office of General Counsel.
- Recommends payment or denial of claims over designated authority level.
- Initiates appropriate claim investigations.
- Communicates with claimants (or their legal representative) and with our Third-Party
- Administrators on all claims related matters. Keeps abreast of claim related legal principles, tax requirements, as well as underwriting rules and procedures.
- May perform claim-related administrative assignments which include preparing claims-related reports and statistics.
- Provides service and claims support to Third Party Administrators, certificate holders, and beneficiaries.
- May be necessary to interact with other Group Membership Departments such as contracts, account managers, and accounting.
- Participates in projects as required. Strong product knowledge, communication skills and organizational ability.
- Completes work with a limited degree of supervision.
What You'll Bring:
- Bachelor's degree and/or 3+ years Equivalent Claims Experience
- Knowledge of the legal principles, tax requirements, and underwriting rules regarding claims processing.
- Strong knowledge of life and waiver claims through formal training or considerable on-the-job training.
- Proficient in Microsoft Word and Excel.
- Knowledge of medical terminology/anatomy.
- Strong organizational skills.
- Outstanding analytical skills with attention to detail.
- Strong oral and written communication skills.
It is recommended that all qualified candidates apply to this posting as soon as possible. Residents of Colorado are hereby notified that the deadline to apply is 2 weeks from the Posting Date listed above.
Pay Transparency
Salary Range:$40,000-$70,000
Overtime eligible:Nonexempt
Discretionary bonus eligible:Yes
Sales bonus eligible:No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID:91164