Claims Examiner III - Work Comp- Resolution

Claims Examiner III
Workers Compensation - Resolution CLAIM YOUR FUTURE AS A GREAT PERFORMER!Providing both satisfying and challenging work along with a highly professional and friendly work atmosphere, Sedgwick has a strong commitment to its colleagues and its clients. If you are seeking place where you can do great things for those whose lives you touch while maximizing your own career possibilities, Sedgwick is the place for you. As the largest and most innovative Third Party Administrator in the claims industry and the first and only TPA to receive both recognition as the Best TPA in America and the coveted Employer of Choice designation, we invite you to come be a part of our team and, 'Claim Your Future.'PRIMARY PURPOSE: To analyze complex or technically difficult claims to determine benefits due; to work with high exposure claims for appropriate line of business (LOB); to ensure ongoing adjudication of claims within company standards, industry best practices and specific client service requirements; and to manage subrogation of claims and negotiate settlements.� ESSENTIAL FUNCTIONS and RESPONSIBILITIES-Analyzes and processes complex or technically difficult claims by investigating and gathering information to determine the exposure on the claim; manages claims through well-developed action plans to an appropriate and timely resolution.-Assesses liability and resolves claims within evaluation.-Negotiates settlement of claims up to designated authority level.-Calculates and assigns timely and appropriate reserves to claims; monitors reserve adequacy throughout the life of the claim.-Calculates and pays benefits due; approves and makes timely claim payments and adjustments; and settles claims within designated authority level.-Prepares necessary state filings within statutory limits.-Manages the litigation process; ensures timely and cost effective claims resolution.-Coordinates vendor referrals for additional investigation and/or litigation management.-Uses appropriate cost containment techniques including strategic vendor partnerships to reduce overall cost of claims for our clients.-Manages claim recoveries, including but not limited to subrogation, Second Injury Fund recoveries and Social Security offsets.-Reports claims to the excess carrier; responds to requests of directions in a professional and timely manner.-Communicates claim activity and processing with the ill or injured party and the client; maintains professional client relationships.-Ensures claim files are properly documented and claims coding is correct.-Refers cases as appropriate to supervisor and management.ADDITIONAL FUNCTIONS and RESPONSIBILITIES-Performs other duties as assigned.-Supports the organization's quality program(s).QUALIFICATIONS Education & Licensing:
Baccalaureate degree from an accredited college or university preferred. Licenses as required. Professional certification as applicable to line of business preferred.Experience
Four (4) years of claims management experience required. BS/BA degree may substitute for two (2) years of required experience.� Skills & Knowledge-In-depth knowledge of appropriate insurance principles and laws for line-of-business handled, recoveries offsets and deductions, claim and disability duration, cost containment principles including medical management practices and Social Security application procedures as applicable to line-of-business-Excellent oral and written communication, including presentation skills-PC literate, including Microsoft Office products-Analytical and interpretive skills-Strong organizational skills-Excellent negotiating skills-Good interpersonal skills-Ability to work in a team environment-Ability to meet or exceed Performance CompetenciesWORK ENVIRONMENT
When applicable and appropriate, consideration will be given to reasonable accommodations.Mental: Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem