Workers Compensation and Risk Management Analyst

Avis Budget Group • Parsippany, NJ

3d

About The Position

Here at Avis Budget Group, you will be joining a team of 25,000 driven people, performing with purpose. Together, we’re moving the future of transportation forward with our innovative, customer-focused solutions. Our culture is performance driven, where we encourage and support each other to be at our best through leadership, training, tools, and rewards. We are proud to make a positive difference to the lives of our colleagues, customers, and communities where we operate. What you’ll do: Partner with TPAs to manage Workers Compensation claims nationwide, helping to drive the claims management process, and reviewing appropriateness of reserves and settlements. Work with field operations team to gather relevant documents to assist TPA with investigation and adjustment of claims. Assist Global Risk Management team with various tasks and projects, including reporting, exposure gathering, certificates of insurance, and invoice processing. Provide reporting to Senior Leadership on a regular basis. Identify high priority matters. Routinely provide feedback and data to operations to minimize company exposure and drive better business results. Identify changes in Workers Comp results through review of analytics, investigate reasons for changes and implement processes to improve quality of file handling.

Requirements

• Bachelor’s Degree
• Candidate must have at least three (3) years of experience handling workers’ compensation claims
• Understanding of reserving practices and ability to analyze reserve requests
• Overall understanding of Corporate Insurance is preferred
• Strong Understanding of workers' compensation laws and regulations, including state specific differences
• Experience working with TPAs, insurers, and defense counsel
• Strong working knowledge of claims management systems
• Financial acumen to evaluate indemnity and medical costs and reserve and settlement requests
• Strong analytical skills to evaluate claims data, spot trends, and make recommendations
• Proficient in excel and PowerPoint

Nice To Haves

• Experience in the automobile rental industry is a plus, but not required

Responsibilities

• Partner with TPAs to manage Workers Compensation claims nationwide, helping to drive the claims management process, and reviewing appropriateness of reserves and settlements.
• Work with field operations team to gather relevant documents to assist TPA with investigation and adjustment of claims.
• Assist Global Risk Management team with various tasks and projects, including reporting, exposure gathering, certificates of insurance, and invoice processing.
• Provide reporting to Senior Leadership on a regular basis.
• Identify high priority matters.
• Routinely provide feedback and data to operations to minimize company exposure and drive better business results.
• Identify changes in Workers Comp results through review of analytics, investigate reasons for changes and implement processes to improve quality of file handling.

Benefits

• Paid time off
• 401K retirement plan with company matched contributions
• Access to Medical, Dental, Vision, Life and Disability insurance
• Eligible to elect other voluntary benefits including: Group Legal, Identity Theft, Insurance, FSA, additional life insurance coverages
• Contribute up to $260 as a tax free benefit for public transportation or parking expenses
• Employee discounts, including discounted prices on purchase of Avis / Budget cars
• Access to an Employee Assistance Program for services including counseling, financial and legal consultation, referrals for care service, and more

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level