Claims Compliance Analyst at Clearcover

| Chicago
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Who’s Clearcover? 

Clearcover is the smarter car insurance company. We use powerful technology to offer everyday drivers better coverage for less money. We’re proud to be one of the fastest growing startups in Chicago, and we’re currently looking to add a few more extraordinary people to our team.

What is a Claims Compliance Analyst?

Clearcover is looking for an experienced insurance claims professional to join its fast growing team.  The Claims Compliance Analyst supports the Legal & Compliance department by ensuring our Claims team meets both regulatory and statutory compliance requirements and our internal company standards.

What will you do as a Claims Compliance Analyst?

  • Collaborate with Claims and Compliance leaders to support initiatives directly related to compliant claims handling.
  • Research relevant regulatory and statutory provisions to prepare internal communications, assist with claim coverage inquiries, and implement new laws or regulatory requirements.
  • Lead the development and/or enhancement of best practice guidelines and compliance training for the Claims team.
  • Provide the Claims team with a Compliance roadmap for new and existing states, product launches, and business lines, including creation of any applicable communications: forms, notices, and disclosures.
  • Complete claim file audits with specific focus on compliance objectives and market conduct standards to monitor performance and ensure adequacy of reserves and system controls.
  • Take ownership of any necessary remediation or corrective action plans associated with identified compliance control or process gaps related to Claims.
  • Assist Compliance leaders with claims-related Market Conduct exams and represent Claims and Compliance teams in any external audits.
  • Responsible for timely submission of state mandated fraud plans and reconciliation of Claims Data for the annual MCAS to the NAIC.
  • Review and respond to any external complaints, including those from the Better Business Bureau or Departments of Insurance, regarding company claims handling.
  • Maintain an awareness of market trends, regulatory updates, and compliance risk with regard to the Claims function and communicate this to appropriate stakeholders.
  • Provide analysis and reporting to drive improvements, reduce risk and complaints, and establish consistency across the Claims organization.

What will you bring as a Claims Compliance Analyst?

  • Bachelor's Degree
  • 3-5 years of P&C claims handling experience, preferably in private passenger auto
  • Insurance designations, such as AIC, ARM, or CPCU, highly desirable 
  • Excellent Communication and Analytical skills
  • Detail-oriented person who can manage multiple on-going projects at the same time
  • Takes direction well and can work both independently and collaboratively with a team
  • Proficient in Microsoft Office Products (Word, Outlook, Excel, Access)
  • Proficient in reading and interpreting statutory and/or administrative codes and regulationsAble to work in a fast paced environment and leverage past experience to make solid recommendations for the business
  • Ability to work independently, execute multiple tasks simultaneously, and cut through ambiguity
  • Unrivaled attention to detail and consistent delivery of the highest quality of work

What's in it for you?

  • Unlimited vacation, we hire adults 
  • Equity for all employees, so you own a piece of the pie too 
  • Dental and Vision, we've got you covered 100%
  • Medical, we cover the vast majority of your premiums to make the cost of you and your family's coverage affordable. Plus, we contribute to your HSA and HRA (cha-ching)
  • Flexibility to work remotely
  • We invest in your future by contributing 3% of your salary to a 401(K), even if you don't
  • Come to work pre-taxed through our FSA commuter benefits
  • and yes, we have unlimited LaCroix, beer, snacks and the occasional ice cream social 

Clearcover is an Equal Opportunity Employer (EOE) that welcomes and encourages all applicants to apply regardless of age, race, color, religion, sex, sexual orientation, gender identify and/or expression, national origin, disability, veteran status, marital or parental status, ancestry, citizenship status, pregnancy or other reasons prohibited by law.

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Technology we use

  • Engineering
    • KotlinLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • ReactLibraries
    • Ruby on RailsFrameworks
    • PostgreSQLDatabases
    • SnowflakeDatabases

Location

33 W Monroe, Chicago, IL 60603

An Insider's view of Clearcover

How does your team reward individual success?

We celebrate "wins" on Fridays with the entire company where we celebrate the success of the week with the rest of the organization, it is a fun and casual way to be recognized by peers. However, I also find a moment to individually recognize my team during our weekly touch bases for something specific that they accomplished.

Rosyln

Head of Agency Distribution

How do you empower your team to be more creative?

I manage a hybrid team of traditional "creatives" and business strategists. I work hard to foster a spirit of creativity by asking my teammates to consider a variety of ways to solve every problem we encounter. Then, I create opportunities for them to be creative in ways that align with their superpowers.

Ariana

VP of Brand & Creative

What makes someone successful on your team?

People who are successful on the Customer Experience team communicate with empathy, love solving problems for our customers, continually look for ways to work smarter, and thrive in the face of challenge.

Heidi

Head of Customer Experience

What are Clearcover Perks + Benefits

Clearcover Benefits Overview

Clearcover offers a comprehensive benefits package along with a number of perks in an effort to support our employees and their families. We work to align our perks with our core values and empower our employees to balance work and their personal lives.

Culture
Volunteer in local community
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Clearcover covers 100% of the employee's dental benefits.
Vision Benefits
Clearcover covers 100% of the employee's vision benefits.
Health Insurance Benefits
Clearcover's health insurance plan is with United Healthcare with a range of plans including PPO, HDHP and HSA. If you elect an HSA, we cover your out-of-pocket deductible as an HSA contribution.
Life Insurance
Clearcover offers voluntary life insurance.
Pet Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Clearcover provides employees with a 401(k) contribution of 3% of an employee's annual gross pay.
Company Equity
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent Care FSA allows you to put away pre-tax dollars towards daycare expenses for dependents under the age of 13.
Generous Parental Leave
Clearcover offers parental leave for new parents after birth or adoption of a child. Full-time employees that have been employed for six months are eligible for six weeks of paid Parental Leave.
Flexible Work Schedule
Clearcover has flexible start and end times based upon your position and your team.
Remote Work Program
Our remote work program includes work from home Full-time remote for specific positions, as well as work flexible remote work for most position.
Family Medical Leave
Employees who have been with the company for 12 months are eligible for 12 weeks of family medical leave. Other policies apply to those here less than 12 months.
Return-to-work program post parental leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Employees receive 5 paid sick days each year.
Perks & Discounts
Casual Dress
Commuter Benefits
Clearcover's offers Commuter Benefits, employees can save an average of 30 percent off their commute by contributing pre-tax dollars.
Company Outings
Clearcover celebrates company wins by organizing quarterly outings to a variety of places like the Escape Room, Punchbowl Social and Bounce.
Game Room
Clearcover's game room includes a state-of-the-art ping pong table, custom Nerf gun wall and a Pop-a-Shot to let employees enjoy breaks between work.
Stocked Kitchen
We send snack boxes monthly since we are virtual.
Home Office Stipend for Remote Employees
We offer a one-time $250 stipend to set up your work from home office. Use this for anything that will support your work from home arrangement.
Professional Development Benefits
Job Training & Conferences
Clearcover offers a stipend to each employee to invest as they choose in their own professional development.
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Time allotted for learning
Online course subscriptions available
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