Claims Fraud Analyst- EN
Indexed description
Role And Responsibilities
- Analyze claims for signs of fraud or suspicious activity.
- Conduct thorough investigations to verify the legitimacy of claims, including interviews, evidence collection, and surveillance.
- Identify patterns of fraud, track emerging trends, and work to uncover fraudulent schemes.
- Review claim data to spot anomalies or red flags.
- Utilize fraud detection tools, software, and databases to assist in identifying fraudulent claims.
- Maintain accurate records of findings and investigations for legal or compliance purposes.
- Work closely with claims assessors, investigators and legal team when required.
- Communicate findings, collaborate with other departments and escalate potential fraud cases and trends to key stakeholders and management.
- Provide training to claims staff on fraud detection techniques and red flags.
- Prepare detailed reports on investigations, findings, and recommendations.
- Ensure that investigations comply with industry regulations, company policies, and legal standards.
- Keep up to date with fraud-related legislation and best practices.
- Maintain organized and up-to-date case files, ensuring compliance with regulatory requirements.
- Propose and implement measures to reduce fraud risk, including process improvements and enhanced fraud detection methods.
- Assist in the development of fraud prevention programs and initiatives for the company.
- Data accuracy and integrity
- Scope of potential fraud cases to identify and monitor
- Manual Discovery Processes -System Limitations
- Complex data sets
- Analytics support
- Trend Analysis
- Continuous Improvement
- Educate employees
- Accuracy of Analysis- Reliability of the data analysis and conclusions.
- Stakeholder Satisfaction- Positive feedback from partners on the quality and usefulness of analyses and recommendations.
- Impact of Recommendations- The effectiveness of implemented recommendations in improving processes affecting outcomes.
- Continuous Improvement.
- Bachelor’s degree or equivalent relevant experience
- A minimum of 5-7 years experience in medical claims handling, fraud investigation, insurance, or a related field.
- Strong investigative skills, critical thinking and attention to detail.
- Technical proficiency and a thorough understanding of data analysis software, fraud detection systems and cybersecurity measures.
- Familiarity with machine learning and artificial intelligence.
- Familiarity with financial regulatory compliance and insurance industry standards.
- Strong written and verbal communication skills.
- Excellent communication skills in English and French (French is considered an asset) English will be used in particular to carry out daily follow-ups with other departments in our various offices, whether in Ontario, or elsewhere.
- Full proficiency in Microsoft Office Suite with advanced Excel and Database skills.
- Familiarity with claims management processes and insurance industry standards.
- Analytical skills to interpret complex data sets.
- Strong communication skills to present findings clearly to stakeholders.
- Problem-solving skills to identify and address issues in data and processes.
- Ability to work independently and as part of a team.
- Ability to manage multiple tasks and prioritize effectively.
- Ability to adapt to changing requirements and environments.
- Detail-oriented with the ability to apply critical thinking to ensure a commitment to accuracy.
- Proactive and self-motivated.
- Continuous learner and curiosity; staying updated with industry trends and best practices.
- Ethical judgement and integrity.
We offer you
Global Excel offers more than a position
- Competitive compensation package that includes a base salary, annual salary review and annual performance bonus;
- Extensive benefit package including, health, dental, travel and health care spending account;
- 3 weeks vacation;
- RRSP matching program;
- A professional future with opportunities for development, growth, and advancement;
- Financial assistance to employees who wish to continue their education;
- Work/life balance, health and wellness initiatives including an excellent Employee Assistance program;
- On site Gym;
- Employee engagement programs that focus on fitness, food, and fun;
- Windsor, Ontario Candidates: hourly salary scale ($30.00 - $35.00). *Other locations, salary to be discussed based on geographic differential.
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