Insurance Specialist

Job Title: Specialist

Location: SBC Corporation

Department Name: Insurance

Req #: 0000215245

Status: Salaried

Shift: Day

Pay Range: $68,724.00 - $97,073.00 per year

Pay Transparency:

The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills, and professional experience.

Job Overview:

The Insurance Specialist provides dedicated support to the organization's insurance program, ensuring alignment with strategic initiatives and risk management objectives. This role is primarily responsible for the maintenance, review, and renewal of a wide range of insurance policies, helping to secure adequate coverage across the network. The Specialist will analyze policy terms, identify areas of improvement, and collaborate with internal stakeholders to ensure compliance and cost efficiency.

The ideal candidate brings a strong understanding of insurance principles along with excellent analytical, organizational, and communication skills. This position offers the opportunity to play a key role in safeguarding the organization's assets and advancing its strategic goals.

Qualifications:

Required:

• Bachelor of Science required or equivalent experience.
• 1-3 years of experience with risk management in acute care hospital, medical practice, or insurance office; Equivalent work experience may be considered.
• High degree of autonomy and self-directed work with ability to handle multiple projects/problems simultaneously while maintaining a positive and professional demeanor.

Preferred:

• Focus in healthcare or business.
• Risk management with insurance knowledge preferred.

Scheduling Requirements:

• Full-Time, Day, Salaried

Essential Functions:

• Provides support for the day-to-day operation and oversight of the insurance program through activities including, but not limited to, program inventories and maintenance of renewal schedule, application coordination and application completion for various lines of insurance.
• Leads the insurance renewal process, including gathering necessary information, communicating with brokers, analyzing quotes, and ensuring timely policy renewals,
• Critically reviews existing insurance policies.
• Cyber Liability, General Liability, Property, Workers' Compensation, Professional Liability, etc.
• Identify potential gaps in coverage, exclusions, and areas for improvement.
• Liaises with relevant departments and outside parties to ensure information provided is comprehensive and received in timely manner.
• Authorizes release of certificates of insurance for various lines of insurance including but not limited to property, auto, worker s compensation.
• Reports and coordinates property loss claims to ensure coverage for facilities, equipment and business interruption.
• Reports and coordinates auto liability claims for company owned and operated vehicles.
• Reports to management on the status of projects, maintains appropriate files, follows up on tasks and open items.
• Plans and organizes relevant meetings and conference calls, reviews meeting materials, and prepares presentations, when necessary.
• Processes payment requests, maintain records of payment and other administrative and clerical tasks as assigned.
• Participates in special projects and prepares data analysis reports for management.
• Fulfills all compliance responsibilities related to the position.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Benefits and Perks:

At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees' physical, emotional, social, and financial health.

• Paid Time Off (PTO)
• Medical and Prescription Drug Insurance
• Dental and Vision Insurance
• Retirement Plans
• Short & Long Term Disability
• Life & Accidental Death Insurance
• Tuition Reimbursement
• Health Care/Dependent Care Flexible Spending Accounts
• Wellness Programs
• Voluntary Benefits (e.g., Pet Insurance)
• Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey-whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer