
Compensation Specialist
4 days ago
Position Summary
The Workers' Compensation Specialist manages and maintains workers' compensation policies for assigned clients, ensuring compliance, timely renewals, accurate invoicing, and proper classification codes. This role involves updating CRM systems, submitting payroll reports, and supporting audits and internal teams.
Familiarity with US workers' compensation policies a must.
Candidates should have at least 2 years of insurance agency or broker experience and be proficient in Microsoft Office and CRM tools.
Essential Duties:
- Oversees the administration of workers' compensation policies including monopolistic state policies.
- Ensures administered policies remain in force and in good standing.
- Updates the customer relationship management system with all workers' compensation policy information for assigned clients.
- Ensures tasks are created/current for each assigned client in the customer relationship management system.
- Submits payroll reports to carriers as required per the terms of each policy.
- Ensures all premium invoicing is completed each month in a timely fashion.
- Submits needed policy changes to the broker/carrier.
- Works with auditors to complete all required policy audits.
- Ensures all assigned policies are renewed timely.
- Responsible for ensuring class codes are proper for all assigned policies.
- Assists with the cancellation of workers' compensation policies when needed.
- Assists the payroll department in addressing payroll system errors relating to administered workers' compensation policies.
Other Duties:
· Perform other duties as assigned.
Education:
- A high school diploma or equivalent is required.
Skills & Experience:
· years insurance agency/broker experience. (Preferably in an account manager role.)
· Excellent organizational skills.
· Familiarity with US workers' compensation policies a must.
Computer Skills:
· Proficient with Microsoft Outlook, Word, and Excel.
· Able to work with various software applications. (Experience with CRMs a plus.)
Basic WFH Equipment
· Stable internet connection, preferably at least 50Mbps, and have backup internet connection.
· Headset and video camera for video calls/ online meetings
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