Claims Processors are clerks who process claims for insurance companies. Some of the duties that they perform include processing new insurance policies, modifying existing ones and obtaining information from policyholders to verify the accuracy of their accounts. Some of the specific tasks that Claims Processors have to perform include calculating the amounts of claims, applying insurance rating systems to claims, contacting people involved in claims to obtain relevant information and recommend claim actions. Claims Processors do much more than simply fill out paperwork. They have to analyze the data that they are given to recommend an informed decision and keep with their company's standards.
Claims Processor Education Requirements
Typically, the minimum educational requirement that candidates must have to become Claims Processors is a high school diploma or the equivalent. No experience is usually required to become a Claims Processor since on-the-job-training is typical for this career. However, candidates who have training in clerical duties or some college might be given preference over other candidates. Generally, Claims Processors must be detail-oriented, be organized and possess good customer service skills since they will be directly working with the public. They must also be able to navigate various types of software like claim system processing software and spreadsheet software; however, employees are usually trained upon being hired.
Claims Processor Job Market
The job market for Claims Processors is projected to increase by 8 percent from 2012 through 2022, which is about as fast as the average for all occupations. The number of Claims Processors required by insurance companies is directly affected by the amount of motor vehicle accidents, natural disasters and other sorts of accidents that occur. A similar position would be as a Claims Handler.
Claims Processor Salary
The median annual salary of Claims Processors is approximately $35,700. Claims Processors in the highest-earning percentile earn as much as $52,560 and tend to work for the postal service, local government services, state government services and business, professional, labor, political and similar organizations.