Sr Specialist-Workers Compensation

Lowe's Companies, Inc.•Mooresville, NC

4d•Onsite

About The Position

This position is based at our headquarters in Mooresville, North Carolina. Our corporate office is a space where you can collaborate and do your best work. Take a walk, grab a bite (or a cup of coffee), work out or get a check-up – we invest in you so you can find your inspiration. Your Impact The Workers Compensation Sr Specialist plays a critical role in supporting the company's workers compensation self-insured program by maintaining compliance with self-insured regulations and adherence to state requirements. This role is responsible for completing self-insurance renewals and assessments, assisting with compliance audits, managing communication governance and supporting light project management initiatives.

Requirements

Bachelor’s degree in business, Finance or related Field or equivalent years of experience in lieu of education requirement, if applicable
2-3 years of experience in proven project management
2-5 years’ experience in Corporate Risk Management or Brokerage Firm, with fundamental knowledge of WC Self-Insurance Programs

Responsibilities

Renewals/Reports - Prepares and submits self-insurance renewal applications and required reports in a timely and accurate manner, in accordance with state requirements.
Obtains current information on entity changes, obtains and analyzes exposure data and credit ratings, analyzes state mandated actuarial evaluations, reviews and assesses corporate financials, querying loss runs from a RMIS tool, performs variance analysis, calculates surety bond values.
Assessments - Executes assessments for Self-Insured and monopolistic funds.
Researches and communicates the changes in fund requirements, provides loss data, obtains payroll information, calculates the simulated premium and analyzing YOY variances.
Cost-Benefit Analysis - Assists the Director in completing annual cost-benefit analysis by researching and compiling data including jurisdictional costs, fund requirements, assessment rates, payroll and loss data.
Obtains premium rates and surety bond requirements for the evaluation.
Collaborates with the Insurance team and brokerage to assist with calculation of the cost benefit of insuring vs self- insuring.
Project Management – Functions as the lead in managing workers compensation projects, including tracking milestones, coordinating stakeholders, and ensuring timely completion of deliverables.
Communication Governance – Develops and maintains communication governance involving processes, workflows, documents, training guides, policies, and internal platforms to ensure consistent and accurate messaging to improve associate experience and drive operational efficiencies.
Maintains organized database to support reporting needs.
Training – Supports the development of training materials, newsletters, and resources for internal stakeholders.
Audits – Completes focused audits to ensure compliance with best practices expectations.
Identifies high level, objective trends in the workers compensation claims program for process improvement.
Assists with Tier- 2 inquiries from internal and external business customers.
This may involve cross functional collaboration with multiple business partners to ensure customers’ needs are handled promptly and accurately.
Maintains advocacy and good relations with all business partners and customers.
Assists with special projects to deliver results and promote solutions for the workers compensation program.