Senior Claim Analyst
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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Job Description:
Responsible for the day to day resolution of complex problems/claims including in depth analysis. The incumbent will take appropriate action based on transaction characteristics & account changes with indicators of extremely complex issues related to all claims types. Must be considered a subject matter expert in all claims types. Complex decisions are made based on analytical research and judgment. Requires extensive experience and must follow established procedures & guidelines while utilizing multiple systems & tools. Handles escalated customer situations that were unable to be resolved by the initial claims analyst. Provides coaching and training to other associates. Ensures compliance with Federal and Bank Regulations. Excellent communication and follow up skills required. To appropriately investigate and decision claim, incumbent will interact with multiple business partners. Customer communication includes claim education, setting appropriate expectations or skillfully denying the claim. Individual must have 3-5 years of claims experience along with working knowledge of applicable regulations.
LOB Job Description:
Receives incoming calls and assists customers with questions or issues regarding potential claims related activity. May handle supervisor or escalated phone calls & correspondence regarding customer claims. Considered a subject matter expert on multiple claims types and makes complex decisions based on judgment and research. Follows established and uses multiple systems and tools. May be responsible for moderately complex research and analysis of account activity to assess levels of risk or fraud. May receive calls from internal employees who need support to resolve complex call types or require an answer to a procedural, process, or situational questions though multiple channels. May need to provide decisions regarding credit or debits to customer's accounts.
Responsibilities:
- Initiate maintenance on accounts.
- Provide excellent customer treatment
- Initiate Fraud and Non-Fraud Claims.
- Provide status of claims.
- Assist with all issues that arise.
Requirements:
- 6-12 months Call Center experience
- Must work 100% in office. No hybrid work schedule available.
- Strong customer service skills.
- Flexible and willing to respond positively to change.
- Ability to apply sound judgment, effectively solve problems, and determine fraudulent activity consistently.
- Excellent written and oral communication skills.
- Ability to de-escalate difficult client situations.
- Ability to multi-task as business needs dictate with phone and typing required.
- Ability to work in a client based environment meeting goals.
- Flexible with schedule as business needs arise.
- Must have a strong and positive work ethic and follow Bank of America's Core Values.
- Must be flexible and adapt quickly to change.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Perks and Benefits
Health and Wellness
- FSA
- HSA
- On-Site Gym
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
Parental Benefits
- Non-Birth Parent or Paternity Leave
- Birth Parent or Maternity Leave
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Leave of Absence
- Personal/Sick Days
- Paid Holidays
- Paid Vacation
- Sabbatical
Financial and Retirement
- Performance Bonus
- Company Equity
- 401(K) With Company Matching
Professional Development
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Tuition Reimbursement
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program