STD Financial Benefit Specialist - Trainee
About The Position
When you join the team at Unum, you become part of an organization committed to helping you thrive. Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide: 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 All the benefits listed above are subject to the terms of their individual Plans . And that’s just the beginning… With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today! General Summary: This is an entry-level position within Benefits Financial Services. Incumbents in this role are considered trainees for a minimum of 6-12 months and 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
- Bachelor’s degree in accounting/finance or equivalent education is preferred.
- Two to three years relevant experience in accounting or related field is preferred.
- 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
- 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
- All the benefits listed above are subject to the terms of their individual Plans
- 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
Number of Employees
5,001-10,000 employees
