Insurance Coverage Analyst V Salary in Hutchinson, Kansas

The Insurance Coverage Analyst V collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, and financial reporting. Analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Being an Insurance Coverage Analyst V evaluates insurance proposals and makes recommendations. Creates risk forecasting models and reporting using business intelligence tools. In addition, Insurance Coverage Analyst V negotiates insurance premiums and coverage terms directly with insurance companies and/or through brokers. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Reviews insurance policies for accuracy and works with brokers and underwriters to resolve discrepancies. Requires a bachelor's degree. Typically reports to a manager. Being an Insurance Coverage Analyst V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Working as an Insurance Coverage Analyst V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)

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