Reporting to the Workers' Compensation (WC) Training and Quality Assurance Management Supervisor, the WC Quality Assurance/Compliance Analyst is responsible for ensuring adherence to state and federal regulations, identifying and minimizing risks, and adherence to company policies and procedures for multiple jurisdictions.
This position requires partnering with various external customers and all levels of internal management to analyze and communicate findings, recommend solutions and work collaboratively in the development of meaningful action plans.
This position is Hybrid requiring 3 days in the office and 2 days remote. There is flexibility to be based in Hammonton, West Trenton, or Parsippany.
Essential Duties and Responsibilities:
- Assist with coordinating quality and compliance audits/reviews including pre-work such as audit program development and file selection, assuring the review process is proper and timely.
- Conduct WC Claim audits to ensure adherence to department best practices in addition to state and federal regulations in support of quality claim outcomes, process improvements, data integrity, compliance, and best practices.
- Collaborate with claims management in the development of meaningful action plans that detail the tasks, resources, and time frames necessary for improvement.
- Keep current on industry standards.
- Coordinate and facilitate compliance checklist reviews and report results.
- Coordinate and facilitate annual reviews for state reference guides, key business contacts, and trading partner agreements.
- Perform risk assessment and impact analysis to understand consequences and level of exposure.
- Perform data analysis using data auditing tools/techniques to audit high risk business areas efficiently.
- Prepare reports including analysis, key findings, potential risks, and identified opportunities for improvement to present to management.
- Collaborate with the BPU, claims management, law and regulation, and internal audit to ensure the development of claims handling practices are compliant with state and federal regulations.
- Collaborate with training team to develop resources and training material to support regulatory and Quality Assurance compliance
- Attend internal and external QA and Compliance meetings to identify potential changes and communicate same with management.
- House and maintain records including but not limited to audit results, state and federal regulatory compliance changes, risk assessments, process flows, meeting discussions and action plans.
- Prepare and submit documentation and/or responses to state and regulatory agencies when directed to by QA Supervisor and/or Administrator...
- Support QC live indemnity and expense payment audits as needed.
Required Skills and Experience:
- WC Claims experience and strong knowledge of process and procedures.
- Strong understanding of multi-jurisdictional claims handling and regulatory requirements.
- Proficient in Microsoft Office Suite: Excel, word, Power Point.
- Ability to collect and analyze complex data sets to identify root causes/trends and quantify the “cost of non-compliance).
- Strong verbal and written communication skills.
- High level of motivation: self-starter, ability to prioritize and coordinate tasks.
- Must have excellent organization and time management skills.
- Detail oriented with strong analytical and problem-solving skills.
- Must be highly collaborative and open to multiple perspectives.
- Ability to manage several tasks and/or projects at the same time.
- Must be able to work independently
Required Qualifications:
- Bachelor’s degree and/or proven insurance related experience.
- Minimum 5 years of Worker’s Compensation claims handling experience
- Insurance designation preferred
- Regional Workers’ Compensation claims handling experience a plus.
- Must be able to travel to all three offices.
Compensation: Salary is commensurate with experience and credentials.
Pay Range: $82,534-$95,854Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.
Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.
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What We Do
NJM is among the Mid-Atlantic's leading property and casualty insurers. Founded in 1913, NJM's mission is to provide value-based insurance solutions to its policyholders with the highest levels of service, integrity, and financial stewardship. The Company operates in a mutual fashion for the exclusive benefit of its policyholders. Headquartered in West Trenton, NJ, with offices in Hammonton and Parsippany, NJM employs nearly 2,500 workers.
- 2019-2023 Forbes Best In-state Employer (Ranked #11 out of 89 NJ employers in 2023)
- 2018, 2019, 2020, 2021, certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for personal lines customers*
- 2018, 2019, & 2020 Clearsurance Customers’ Choice Top Ranked Insurance Companies
- 2021 American Heart Association Gold Level Workplace Health Achievement
- 2020 American Heart Association Silver Level Workplace Health Achievement
- 2019 Forbes Best Mid-size Employers in the country
*J.D. Power Auto Claims Certification Program℠ recognition is based on successful completion of an audit, exceeding a customer experience benchmark through a survey of recent claims servicing interactions, and a Financial Strength rating. For more information, visit jdpower.com.