Claims Operations Analyst

Canopius•Chicago, IL

About The Position

The Role To provide oversight, technical and administrative support to the claims team in a professional, timely and fair manner and to ensure that you deliver excellent customer service to both our internal and external customers. To oversee and provide technical support and quality oversight and governance of our offshore partners To act in accordance with, drive, and further the aims set out in the claims promise: Our aim is to push the boundaries of customer service excellence through an empowered, collaborative and innovative approach to claims that makes us the envy of the market.

Requirements

Business Intelligence
Communication
Customer Relationship Management
Data Analysis
Escalation Management
Internal Controls
Operational Claims Management
Process Management
Quality Assurance
Regulatory Compliance
Third-Party Management

Responsibilities

Ensure effective oversight of service providers or outsource partners, who provide services to the US Region Claims team, flagging any issues of concern and proposing a plan to remediate.
Manage the onboarding of new DCA’s when required in collaboration with Group Claims Operations and various functional stakeholders (e.g. Legal, Finance, Data Operations).
Administration of DCA contracts
Work in collaboration with the Claims Assistant to co-manage first notice of loss and reports of loss to excess carrier.
For open market Cyber claims, set up the new claim in Origami Risk and assign to the appropriate adjuster.
For all other programs, refer the notice of loss to the appropriate TPA/claim handler.
Coordinate and assist with resolution of all claims bordereaux data quality issues in collaboration with the US Region Data Operations team and/or Group Claims as necessary.
Represent Claims Operations in data governance forums, ensuring data quality standards are met and supported by appropriate controls.
Monitor data integrity across operational processes and escalate discrepancies as needed.
Monitor and where appropriate enhance controls, ensuring they are working effectively across the team.
To the extent that any controls fail, report this as appropriate and propose remediation plans.
Continually review and update all claims SOP (standard operating procedures), specifically to ensure our processes are optimal and, are being followed.
Support the US Claims team in proactively managing and addressing any ad hoc queries or requirements from either internal or external stakeholders.
Successfully oversee the internal claims peer review process to ensure our annual plan is met, and any performance issues are raised, including the provision of monthly status reports.
Make proactive and meaningful contributions to all project and transformational work per the team’s strategic priorities.
Work with the Claims Operations team to manage fiscal controls required to support the claims function.
Maintain and enhance operational processes that support the claims lifecycle, ensuring accuracy, timeliness, and compliance with regulatory and internal standards.
Coordinate and oversee annual DCA audits and support the adjusters in their review of claims files as necessary.
Act as the liaison contact for our internal/external auditors.
Coordinate the set up new loss funds for new/existing DCA’s.
Oversee the administration of existing loss funds, including increases to existing loss fund amounts, e monthly replenishment/top ups and cash calls.
Ensure that loss funds reconciliation documents requested from DCAs are received in line with reporting requirements and SLAs.
Liaise with Finance regarding loss fund reconciliations, and ensuring appropriate funds are held in our FCP account.
Act as a loss fund referral point for TPA/brokers and other external stakeholders.
Perform loss fund reconciliation monthly.
Manage the end-to-end loss fund process (legacy, current and future (FCP)), ensuring that they are maintained in accordance with the policy and procedures and where any potential issues are identified, obtain full details prior to reaching a firm decision on resolution.