Insurance Claims Manager Job Description

March 19, 20120 Comments

Insurance Claims Manager Job Profile and Description

Life is not a bed of roses and accidents are bound to happen. That’s the whole reason why insurance came into being in the very first place! Some business houses and people would go for insurance types that let them claim some money to compensate for financial losses incurred through accidents. It’s the job of an insurance claims manager to make sure the customer gets a good deal and the company also doesn’t run into losses. Some companies employ insurance claims executives and you would be required to oversee their operations.

Insurance Claims Manager Job Duties and Responsibilities

  • An insurance claims manager would have to be able to settle or not settle (as the situation demands) insurance claims made by customers to the satisfaction of both the customer and the company.
  • You’ll have to know the insurance coverage rules, the policy guidelines and the guidelines lay down by the local authorities thoroughly  in order to be able to settle claims satisfactorily.

Insurance Claims Manager Job Skills and Specifications

  • You’d have to maintain both electronic and paper records pertaining to the claim and the type of coverage that the person or the concerned car has.
  • Apart from maintaining records, you’d also have to call up customers to get the latest information about their insurance status and also advise them on steps that need to be taken in the event of an accident.

Insurance Claims Manager Job Education and Qualifications

  • You don’t need to have too many degrees in order to be eligible for the job; most companies would be comfortable with just a college diploma and good knowledge.
  • An understanding of business math would be an added advantage.

Insurance Claims Manager Analyst Salary

  • If you settle for an hourly wage, they might you around $12-$18 per hour.
  • If it’s a salaried job, they might pay you around $4500 monthly.

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