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Bank Claims Jobs in Indiana (NOW HIRING)

Client Advisor I

Evansville, IN · On-site

$19.95/hr

Recognizing that this information is necessary for the Bank to consider me for employment, I release these prior employers and waive any claims which I may have against those employers for providing ...

Counsel - HR / People Team

Evansville, IN · On-site

$170K - $200K/yr

Old National Bank has been serving clients and communities since 1834. With over $70 billion in ... Handle employment litigation, including conducting investigations and preparing responses to claims ...

Counsel

Evansville, IN · On-site

$170K - $200K/yr

Overview Old National Bank has been serving clients and communities since 1834. With over $70 ... Handle employment litigation, including conducting investigations and preparing responses to claims ...

AR Coordinator

Georgetown, IN · On-site

$20 - $22/hr

Process claims as assigned by the Fiscal Director. Develop and maintain accounts receivable ... Monitor and reconcile housing rents and update bank balances for multiple companies. Assist with ...

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Bank Claims information

What is a bank claim?

Bank claims refer to requests made by customers to a financial institution to investigate and resolve issues related to unauthorized transactions, errors, fraud, or disputes on their accounts. These claims can involve credit or debit card charges, checks, ATM withdrawals, or electronic transfers that the customer did not authorize or believes were processed incorrectly. The bank typically reviews the claim, investigates the transaction, and determines whether the customer is entitled to a refund or other resolution. Timely filing and providing accurate documentation are important for a successful claim resolution process.

What are the key skills and qualifications needed to thrive as a bank claims specialist?

To thrive as a Bank Claims Specialist, you need a strong understanding of banking procedures, attention to detail, and experience with financial regulations, often supported by a degree in finance or a related field. Familiarity with claims processing software, case management systems, and knowledge of regulatory compliance tools is typically required. Excellent communication, problem-solving abilities, and customer service skills help you resolve issues effectively and build client trust. These competencies are crucial for ensuring accurate claim resolution, preventing fraud, and maintaining positive customer relationships.

What are some common challenges faced by professionals working in bank claims, and how can they be managed effectively?

Professionals in bank claims often encounter challenges such as handling high volumes of complex cases, navigating strict regulatory requirements, and resolving disputes with limited information. To manage these effectively, it's important to stay organized, prioritize cases based on urgency, and maintain clear communication with both customers and internal departments. Utilizing up-to-date case management systems and staying informed on compliance standards also helps ensure accurate and timely resolutions. Collaboration with fraud prevention and legal teams is often necessary to resolve more complex claims.

What is the difference between Bank Claims vs Bank Underwriters?

AspectBank ClaimsBank Underwriters
Required CredentialsTypically requires claims processing certifications or insurance knowledgeRequires underwriting certifications or financial analysis skills
Work EnvironmentOffice setting, claims departments, insurance companiesOffice setting, loan departments, financial institutions
Employer & Industry UsageInsurance companies, banks handling claimsBanks, lending institutions, insurance companies
Common Search & ComparisonOften compared for financial risk assessment rolesCompared for loan approval and risk evaluation roles

Bank Claims professionals focus on processing and managing claims related to insurance or financial disputes, ensuring proper documentation and settlement. Bank Underwriters evaluate loan applications, assess risks, and determine creditworthiness. While both roles operate within financial institutions, Bank Claims centers on claims management, whereas Bank Underwriters specialize in risk assessment for lending. Understanding these differences helps job seekers identify the right career path within the banking and insurance industries.

What cities in Indiana are hiring for Bank Claims jobs?

Cities in Indiana with the most Bank Claims job openings:

Claims Representative - Indianapolis, IN

Federated Mutual Insurance Company

Indianapolis, IN • On-site

$63K - $78K/yr

Full-time

Medical, Retirement

Re-posted 16 days ago


Federated Insurance rating

8.8

Company rating: 8.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

57th of 310 rated insurance


Job description

Who is Federated Insurance?
At Federated Insurance, we do life-changing work, focused on our clients' success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we're looking for employees who want to make a difference in others' lives, all while enhancing their own.
Federated's culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.
What Will You Do?
Customer-focused, source of knowledge and comfort, desire to help, professional - Does that sound like you? We are seeking someone who possesses those skills to assist our clients through the claims process and to help them return to normalcy after a loss.
No previous insurance or claims experience needed! Federated provides an exceptional training program to teach you the fundamentals of claims and will prepare you to assist clients.
This is an in-office position that will work out of our Indianapolis, IN office, located at 9785 Crosspoint Blvd. A work from home option is not available.
Responsibilities
  • Work with policyholders, physicians, attorneys, contractors and others to ensure claims are resolved in a prompt, fair and courteous way.
  • Explain policy coverage to policyholders and third parties.
  • Complete thorough investigations and document facts relating to claims.
  • Determine the value of damaged items or accurately pay medical and wage loss benefits.
  • Negotiate settlements with policyholders and third parties.
  • Resolve claims, which may include paying, settling, or denying claims, defending policyholders in court, compromising or recovering outstanding dollars.

Minimum Qualifications
  • Current pursuing, or have obtained a four-year degree
  • Experience in a customer service role in industries such as retail, hospitality, logistics, banking, automotive dealerships, vehicle rental, sales or similar fields
  • Ability to make confident decisions based on available information
  • Strong analytical, computer, and time management skills
  • Excellent written and verbal communication skills
  • Leadership experience is a plus

Salary Range: $63,800 - $78,000
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information can be discussed with a with a member of the Recruiting team.
What We Offer
We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You.
Employment Practices
All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.
If California Resident, please review Federated's enhanced Privacy Policy.

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