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Executive Workers Compensation Risk Management Jobs in Alabama

Psychiatrist

Dothan, AL · On-site

$285 - $300/hr

Complies with policies and procedures regarding workers' compensation, risk management, and security. Requirements Education/Training: * Licensed in the State of Alabama as an M.D. * Board Certified ...

Contribute to periodic risk reporting to executive management, Board, and committees. Operational ... The offered rate of compensation will be based on individual education, experience, qualifications ...

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Executive Workers Compensation Risk Management information

What is risk management in workers' compensation?

In the context of executive workers' compensation risk management, risk management involves identifying, assessing, and implementing strategies to minimize workplace injuries and related costs. It includes developing safety protocols, claims management, and compliance with regulations to reduce financial and operational risks for the organization.

What is the difference between Executive Workers Compensation Risk Management vs Workers Compensation Claims Adjuster?

AspectExecutive Workers Compensation Risk ManagementWorkers Compensation Claims Adjuster
CredentialsRisk management certifications, industry experienceClaims handling certifications, insurance knowledge
Work EnvironmentCorporate offices, risk management departmentsInsurance companies, claims offices, on-site visits
Employer & Industry UsageLarge corporations, risk management firmsInsurance carriers, third-party administrators

Executive Workers Compensation Risk Management focuses on developing strategies to minimize workplace injuries and manage overall risk, often working with senior management. In contrast, Workers Compensation Claims Adjusters handle individual injury claims, assess damages, and process benefits. Both roles require industry-specific knowledge but differ in scope and responsibilities, with risk managers focusing on prevention and claims adjusters on claims resolution.

Do risk managers make good money?

Risk managers, including those specializing in workers' compensation and risk management for executives, typically earn competitive salaries that vary by experience, industry, and location. According to industry data, median annual salaries range from $70,000 to over $120,000, with higher earnings possible for senior or specialized roles. Certifications like CRM or ARM can enhance earning potential in this field.

What is the highest paying risk management job?

In risk management, executive roles such as Chief Risk Officer (CRO) or Vice President of Risk Management tend to be the highest paying positions, often earning six-figure salaries or more. These roles require extensive experience, strategic oversight, and often certifications like FRM or CRM, with compensation influenced by industry, company size, and location.

What are Executive Workers Compensation Risk Managers?

Executive Workers Compensation Risk Managers are professionals responsible for overseeing and mitigating risks associated with workers' compensation within an organization. They develop and implement policies to reduce workplace injuries, manage claims, and ensure compliance with laws and regulations. These executives often work with insurance providers, legal teams, and internal stakeholders to control costs and improve workplace safety. Their role is crucial in protecting both employees and the organization from financial and legal risks.

What is the highest salary for a risk manager?

The highest salaries for risk managers, including those specializing in workers' compensation risk management, can exceed $150,000 annually, especially for senior or executive-level positions in large organizations. Factors such as experience, certifications, industry, and location influence compensation levels, with some risk managers earning bonuses and benefits that increase total compensation.

What are the key skills and qualifications needed to thrive as an Executive in Workers Compensation Risk Management, and why are they important?

To thrive as an Executive in Workers Compensation Risk Management, you need in-depth knowledge of insurance regulations, claims management, and risk assessment, typically backed by a bachelor's degree in business, risk management, or a related field. Familiarity with risk management information systems (RMIS), claims processing software, and industry certifications such as ARM (Associate in Risk Management) or CPCU are often required. Strong leadership, analytical thinking, and effective communication are essential soft skills to lead teams and influence decision-making. These competencies are crucial for minimizing organizational liabilities, ensuring regulatory compliance, and optimizing cost-effective claims outcomes.

What are the most common challenges faced by Executive Workers Compensation Risk Managers, and how can they be addressed?

Executive Workers Compensation Risk Managers often encounter challenges such as navigating complex regulatory requirements across multiple jurisdictions, managing high-cost claims, and implementing effective injury prevention programs. To address these, staying updated on changing legislation, leveraging data analytics to identify risk trends, and fostering a culture of safety through employee training are essential. Collaboration with cross-functional teams—including HR, legal, and operations—also helps ensure comprehensive risk mitigation and rapid response to workplace incidents.
What are popular job titles related to Executive Workers Compensation Risk Management jobs in Alabama? For Executive Workers Compensation Risk Management jobs in Alabama, the most frequently searched job titles are:
What cities in Alabama are hiring for Executive Workers Compensation Risk Management jobs? Cities in Alabama with the most Executive Workers Compensation Risk Management job openings:
RCM, Workers' Compensation Manager

RCM, Workers' Compensation Manager

Transworld Systems Inc.

Auburn, AL • Remote

$70K - $75K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago


Transworld Systems Inc. rating

4.8

Company rating: 4.8 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

60th of 72 rated call and contact centers


Job description

Overview

Location: Remote
Compensation:  $70,000 - $75,000 DOE (exempt/annual salary)

For over 50 years, Transworld Systems, Inc. has been a leader in providing business process outsourcing services, including accounts receivable management, customer relationship management, and back-office services to a diverse customer base. Our 60,000 clients benefit from our ability to help them address immediate business needs while fostering long-term growth throughout the customer lifecycle.

Why should you consider TSI (part of TSI family of companies)?

  • Team-oriented work environment
  • Growth opportunity
  • Comprehensive benefits package available: including medical, dental and vision, 401k retirement plan with employer matching, paid time off and paid holidays!

The Workers’ Compensation Manager, RCM is responsible for overseeing Workers’ Compensation revenue cycle operations to ensure timely, accurate, and compliant management of medical claims related to workplace injuries. This role provides leadership and operational oversight for Workers’ Compensation accounts receivable activities, denial management, claim resolution, workflow optimization, and team performance.

The Manager partners closely with clients, employers, adjusters, case managers, healthcare providers, and internal operational teams to improve reimbursement outcomes, reduce aging, resolve claim issues, and maintain compliance with state Workers’ Compensation regulations and payer requirements. This role also supports strategic initiatives focused on operational efficiency, quality improvement, and revenue cycle performance


Responsibilities

Leadership & Team Management

  • Provide leadership and oversight to Workers’ Compensation revenue cycle staff, including claim follow-up representatives, denial specialists, and support personnel.
  • Establish performance expectations and monitor productivity, quality, and compliance metrics.
  • Coach, mentor, and develop team members to ensure operational excellence and professional growth.
  • Partner with leadership and offshore support teams to align workflows, staffing models, and operational priorities.
  • Support onboarding, training, and ongoing education related to Workers’ Compensation regulations, payer requirements, and revenue cycle processes.

 Workers' Compensation Revenue Cycle Operations

  • Oversee daily Workers’ Compensation accounts receivable operations across multiple clients and payer groups.
  • Ensure timely follow-up, documentation, escalation, and resolution of outstanding Workers’ Compensation claims.
  • Review and manage inventory prioritization, aging accounts, and workflow assignments.
  • Verify claim accuracy including:
    • Employer information
    • Injury details
    • Claim numbers
    • Authorization requirements
    • State-specific Workers’ Compensation documentation
  • Ensure claims are billed and processed in accordance with payer requirements, client expectations, and state regulations.

 Claim Resolution & Denial Management

  • Oversee resolution of Workers' Compensation-specific claims issues including:
    • Liability disputes
    • Authorization denials
    • Missing employer or carrier information
    • Underpayments and payment delays
    • Documentation deficiencies
  • Serve as an escalation point for complex or high-value Workers’ Compensation accounts.
  • Collaborate with billing, coding, appeals, payment posting, and documentation teams to resolve claim barriers and improve reimbursement outcomes.
  • Monitor denial trends and implement corrective action plans to improve claim recovery and reduce rework.

Performance Monitoring & Continuous Improvement

  • Monitor key revenue cycle performance metrics including:
    • Days in A/R
    • Aging inventory
    • Productivity and quality compliance
    • Denial rates and recovery performance
    • Resolution turnaround times
  • Analyze trends and identify operational risks, bottlenecks, or workflow inefficiencies.
  • Develop and implement process improvements to optimize throughput, reduce aging, and improve operational performance.
  • Support reporting, audit requests, and operational reviews related to Workers’ Compensation claim activities.

 Client & Cross-Functional Collaboration

  • Partner with client-facing leaders and operational stakeholders to ensure alignment with contractual obligations and client expectations.
  • Participate in client meetings to review aging trends, claim challenges, operational performance, and improvement initiatives.
  • Coordinate with IT, analytics, automation, and operational support teams to improve reporting, workflows, and system efficiencies.
  • Maintain effective communication with adjusters, employers, nurse case managers, and Workers’ Compensation carriers to support claim resolution.

 Compliance, Confidentiality & Training Requirements

  • Maintain strict confidentiality and adhere to all HIPAA regulations governing PHI and PII.
  • Access, store, and transmit documents and data only through approved systems and secure channels.
  • Comply with all TSI audit, privacy, and operational standards related to WC claim activities and documentation handling.
  • Complete all mandatory compliance and training courses set forth by TSI, including annual refresher courses and any client-specific training required for job performance.
  • Ensure all work aligns with internal controls, audit requirements, and client contractual obligations.

Qualifications
  • Bachelor’s degree in Business, Healthcare Administration, Finance, or related field preferred.
  • 5+ years of experience in Revenue Cycle Management, Workers’ Compensation claims, or healthcare reimbursement operations.
  • 2+ years of leadership or supervisory experience preferred.
  • Strong knowledge of Workers’ Compensation regulations, payer requirements, denial management, and claim adjudication processes.
  • Experience managing accounts receivable operations, aging inventory, and reimbursement workflows.
  • Experience with EHR/PM systems and workflow tools such as Artiva, Epic, Cerner, Athena, or Meditech preferred.
  • Excellent leadership, analytical, communication, and problem-solving skills.
  • Ability to manage multiple priorities in a fast-paced operational environment.
  • Experience working with offshore or cross-functional operational teams preferred.

Key Competencies

  • Leadership & Coaching
  • Revenue Cycle Knowledge
  • Workers’ Compensation Regulatory Knowledge
  • Analytical Thinking & Problem-Solving
  • Denial Resolution & Recovery
  • Communication & Collaboration
  • Productivity & Quality Management
  • Workflow Optimization
  • Compliance & Confidentiality
  • Accountability & Results Orientation
  • Prioritization & Time Management
Work conditions:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. You are acknowledging that you can perform the essential functions with or without a reasonable accommodation. The noise level in the work environment is usually moderately quiet. The work environment is primarily indoors. The position requires no travel.

This job description is not an exclusive or exhaustive list of all job functions that a team member in this position may be asked to perform. Duties and responsibilities can be changed, expanded, reduced, or delegated by management to meet the business needs of the company.

We provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, status as a protected veteran, genetic information, status as a qualified individual with a disability and any other basis protected by federal, state or local laws.

Qualifications:
  • Bachelor’s degree in Business, Healthcare Administration, Finance, or related field preferred.
  • 5+ years of experience in Revenue Cycle Management, Workers’ Compensation claims, or healthcare reimbursement operations.
  • 2+ years of leadership or supervisory experience preferred.
  • Strong knowledge of Workers’ Compensation regulations, payer requirements, denial management, and claim adjudication processes.
  • Experience managing accounts receivable operations, aging inventory, and reimbursement workflows.
  • Experience with EHR/PM systems and workflow tools such as Artiva, Epic, Cerner, Athena, or Meditech preferred.
  • Excellent leadership, analytical, communication, and problem-solving skills.
  • Ability to manage multiple priorities in a fast-paced operational environment.
  • Experience working with offshore or cross-functional operational teams preferred.

Key Competencies

  • Leadership & Coaching
  • Revenue Cycle Knowledge
  • Workers’ Compensation Regulatory Knowledge
  • Analytical Thinking & Problem-Solving
  • Denial Resolution & Recovery
  • Communication & Collaboration
  • Productivity & Quality Management
  • Workflow Optimization
  • Compliance & Confidentiality
  • Accountability & Results Orientation
  • Prioritization & Time Management
Work conditions:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. You are acknowledging that you can perform the essential functions with or without a reasonable accommodation. The noise level in the work environment is usually moderately quiet. The work environment is primarily indoors. The position requires no travel.

This job description is not an exclusive or exhaustive list of all job functions that a team member in this position may be asked to perform. Duties and responsibilities can be changed, expanded, reduced, or delegated by management to meet the business needs of the company.

We provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, status as a protected veteran, genetic information, status as a qualified individual with a disability and any other basis protected by federal, state or local laws.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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