Payment Recovery Analyst

The Canada Life Assurance Company • Winnipeg, MB

1d • CA$45,900 - CA$53,000 • Hybrid

About The Position

The Payment Recovery Analyst manages and recovers outstanding overpayments for disability claims and health and dental claims. In addition, the Payment Recovery Analyst assesses, determines the feasibility and initiates pursuit of subrogation on assigned disability and health claims and manages settlement of these claims.

Requirements

• Proficient verbal and written communication skills
• Completion of post-secondary degree; a combination of education and experience may also be considered
• Two years of insurance experience or industry related course designation
• Strong mathematical aptitude
• Well-developed organizational skills, ability to work independently with limited supervision.
• Proficient decision-making, analytical and problem solving skills
• Strong customer service skills with a focus for continuous improvements
• Strong computer skills, MS Office (Word, Excel)
• Proven negotiation skills
• Reliability Status Security Clearance – this can only be completed with candidates who receive an offer of employment. This is a personal security status that is required as a condition of employment before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website. The cost of submitting these checks will be covered by Canada Life.

Responsibilities

• Recovering outstanding payments on Life, STD, LTD and Health and Dental claims as referred by Disability Management Service Offices, Group Life and the Benefit Payment Office in the most cost effective manner.
• Providing guidance to the Disability Management Service Offices for handling overpayment recovery and arranging repayment schedules.
• Negotiating repayment schedules directly with customers.
• Reviewing and assessing claim files, including medical evidence, payment information and the policy to determine a viable subrogation case.
• Presenting Canada Life’s subrogation claims to counsel and negotiating settlement of Canada Life’s subrogated right.
• Negotiating legal fees and any other process aspects necessary to satisfactorily settle the subrogation.

Benefits

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security: Company-matching pension plan, share ownership program and additional investment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree