Financial Benefit Specialist - Trainee
About The Position
This is an entry-level position within Benefits Financial Services. Incumbents are primarily responsible for learning and developing the skills, knowledge, and behaviors necessary to successfully calculate pre-disability earnings and simple part time return to work calculations, in accordance with the provisions in the group disability policies. This position is responsible for the application of policy provisions and information needs related to pre and post-disability financial calculations on disability claims. This position works closely with a more seasoned resource(s) to develop the skills and knowledge necessary to complete these calculations.
Requirements
- Strong math aptitude required.
- Proficient in Microsoft office products with strong Excel skills or aptitude to learn required.
- Strong teamwork skills.
- Strong analytical skills with attention to detail.
- Highly developed written and verbal communication skills.
- Strong Customer orientation – focus and desire to provide excellent customer service are critical.
- Meets the standards for this position, as defined in the Talent Management framework.
Nice To Haves
- Bachelor’s degree in accounting/finance or equivalent education is preferred.
- Two to three years relevant experience in accounting or related field is preferred.
- Experience in disability insurance a plus.
- Detailed experience with, or understanding of, the claims process a plus.
Responsibilities
- Provides initial review and calculation of simple pre-disability earnings and simple part time return to work calculations of disability claims.
- Understands policy provisions and application of provisions to calculations.
- Provides an ongoing review of claimant return to work earnings calculations.
- Reviews offset coding in the claims payment system for known offsets and adjusts as necessary.
- Reviews and ensures the accuracy of the benefit components in the claims payment systems.
- Reviews documentation and coding for the disability benefit taxability.
- Developing strong communication around financial aspect of claim to be available (with mentor) to DBS for calculation explanations.
- Makes Policyholder calls as necessary and appropriate to obtain missing financial information.
- Performs other duties as assigned.
Benefits
- Award-winning culture
- Inclusion and diversity as a priority
- Performance Based Incentive Plans
- Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability
- Generous PTO (including paid time to volunteer!)
- Up to 9.5% 401(k) employer contribution
- Mental health support
- Career advancement opportunities
- Student loan repayment options
- Tuition reimbursement
- Flexible work environments
- healthcare benefits (health, vision, dental)
- insurance benefits (short & long-term disability)
- performance-based incentive plans
- paid time off
- a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
