12/03/2021

Proof of Coverage Analyst

  • AmTrust North America
  • Cleveland, OH, United States

Job Description

Overview

The Proof of Coverage Business Analyst is responsible for the reporting and correction of policy data to the various licensed rating organizations and federal/state agencies and Bureaus.  Need to interpret the requests and obtain the data to complete the required reports in a timely manner.  Interact with business segments such as underwriting and IT to complete work assignments.  Participates in process improvement efforts as needed as AmTrust continues to grow. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

Responsibilities

  • Files policy data in a timely and accurate manner preventing any penalties or fines.
  • Maintains a schedule of all required filings to insure timely filing and improve compliance with filing requirements.
  • Resolves criticisms involving policy reporting, experience modifications, classifications, and other similar subjects from external agencies, Departments of Insurance and miscellaneous bureaus.
  • Handles the correction of policy data that has been rejected by the licensed rating organization or bureau.
  • Responds to requests for data providing detailed policy information as per request.
  • Verifies accuracy of data. Requires familiarity with the data reporting requirements of State agencies and licensed rating organizations.
  • Build relationships with the licensed rating organizations, bureaus, and Department of Insurance offices to more effectively perform their assigned functions.
  • Keeps current with policy reporting rules and requirements.
  • Performs other functionally related duties as assigned.

Qualifications

Required:

  • Bachelors Degree and/or 2-4 years related technical or underwriting experience in the insurance industry.
  • Working knowledge of Workers Compensation Insurance, particularly policy rating elements such as classifications, modifications, and rates.  
  • Demonstrated ability to complete reconciliations of data, the ability to trace reconciling items and identify cause and remedial action needed.
  • Strong organizational skills with a detail orientation.
  • Good written and verbal communication skills.
  • Ability to work well in a team environment.


Preferred: 

  • Knowledge or experience in using NCCI or State Bureau data reporting systems.
  • Understanding of NCCI or State Bureau policy reporting requirements.

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

What We Offer
AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

#LI-MR1


Apply Now