Job Description
A claims analyst is responsible for reviewing and evaluating claims submitted by customers, ensuring their accuracy, eligibility, and compliance with company policies, by investigating claims, determining validity, and customer settlement (credit) amounts while maintaining detailed records and communicating with team lead for approval.
Requirements
Review and evaluate customer claims submitted through various channels (e.g., online, phone, mail).
Investigate claims to determine validity and eligibility based on company policies and procedures.
Gather and analyze supporting documentation to support claim decisions.
Determine appropriate settlement (credit) amounts for valid claims.
Maintain accurate and detailed records of all claim activities in the company's database.
Communicate effectively with customers regarding the status of their claims.
Collaborate with team leads to resolve complex claims and escalate issues as needed.
Identify and report potential fraud or abuse.
Stay updated on relevant industry regulations and company policy changes.
Contribute to process improvement initiatives within the claims department.
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