Claims Analyst

Warren, NJ

About Transverse Insurance

Transverse Insurance Group is a highly successful hybrid fronting carrier serving the program, MGA, and reinsurance markets as a global facilitator connecting and enabling partners through access to risk capacity and alternative capital on admitted and surplus lines paper.

We value hard work, integrity, and commitment - in return for your service, we offer benefits and rewards that are highly comprehensive. We offer a flexible working environment where curious and adaptable people thrive. This role reports through the COO, however, you will have exposure to the executive team within the organization. Are you interested in joining us?

 

About the Role

Transverse is looking for a Claims Analyst in our Warren, NJ area office, with the flexibility to work remotely. Under the direction of Claims Program Management, the role is responsible for claims administration including reporting and governance.

In addition to engaging with Claims Third Party Administrators, you will also work closely with team members from Program Management, Underwriting, Actuarial, Finance, and Reinsurance.

If you describe yourself as a motivated, cooperative, and detail-oriented individual who enjoys working in a challenging environment, this opportunity is for you!

 

Essential Functions:

  • ·         Day-to-day review and execution of claims correspondence including but not limited to claims authority and payment requests, large loss reviews, escrow funding
  • ·         Maintain internal claims best practices related to file management to ensure accurate and organized internal claims documentation for all Claims, Data, Complaints, Denials & Reservation of Rights, Large Losses and Large Loss tracking, Prefunds & Replenishments, etc.
  • ·         Analyze and facilitate initial escrow setup, monitor cash flow and monthly or interim replenishment for escrow accounts, obtain approval for and send requests for prefunds (aka cash calls) or other escrow adjustments
  • ·         Participate in the preliminary review and Due Diligence of TPAs
  • ·         Work on various claims-related projects
  • ·         Field and answer questions related to the above from Transverse staff

 

Education:

  • ·         Associate Degree or equivalent; 4-year degree preferred
  • ·         Post-graduate degree and/or industry certifications or designations a plus

 

Experience:

  • ·         Minimum of 3+ years of relevant claims experience
  • ·         Knowledge and understanding of property/casualty insurance principles and practices
  • ·         Prior claims experience involving TPAs and delegated claims authority preferred
  • ·         Excellent computer skills – including advanced proficiency using Microsoft Office Suite with an emphasis on Word, Excel, PowerPoint and SharePoint
  • ·         Strong desire and comfort working with data
  • ·         Familiarity with various claims management systems preferred
  • ·         Demonstrated success working collaboratively in a matrix environment
  • ·         Ability to establish priorities and to plan, coordinate, and monitor personal work plan
  • ·         Strong interpersonal skills and ability to establish and maintain effective working relations with internal and external people
  • ·         Excellent listening, written, and verbal communication skills
  • ·         Strong customer focus and service-oriented

Apply to This Role Directly


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