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Executive Workers Compensation Risk Management Jobs in Kentucky

Workers Compensation Representative

Edgewood, KY · On-site

$35K - $40K/yr

Responsible for case management of the injured worker's claim. Address all issues regarding work ... Review workers compensation accounts receivables and respond to billing companies request for ...

Workers Compensation Representative

Edgewood, KY · On-site

$35K - $40K/yr

Responsible for case management of the injured worker's claim. Address all issues regarding work ... Review workers compensation accounts receivables and respond to billing companies request for ...

This role serves as the primary liaison among nurse case managers, workers' compensation carriers, third-party administrators, attorneys, providers, employers, and clinic staff to support timely and ...

This role serves as the primary liaison among nurse case managers, workers' compensation carriers, third-party administrators, attorneys, providers, employers, and clinic staff to support timely and ...

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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 Kentucky? For Executive Workers Compensation Risk Management jobs in Kentucky, the most frequently searched job titles are:
What job categories do people searching Executive Workers Compensation Risk Management jobs in Kentucky look for? The top searched job categories for Executive Workers Compensation Risk Management jobs in Kentucky are:
What cities in Kentucky are hiring for Executive Workers Compensation Risk Management jobs? Cities in Kentucky with the most Executive Workers Compensation Risk Management job openings:

Workers Compensation Specialist

Commonwealth of Kentucky

Frankfort, KY • On-site

$3.9K - $5.3K/mo

Full-time

Posted 9 days ago


Job description

Advertisement Closes
7/31/2026 (11:59 PM ET)
2603722
Workers Compensation Specialist
Pay Grade15
Salary
$3,960.94 - $5,347.28 Monthly
Employment Type
EXECUTIVE BRANCH FULL TIME ELIGIBLE FOR OVERTIME PAY 18A 37.5 HR/WK
Click here for more details on state employment.
Hiring Agency
General Government Cabinet Department of Workers' Claims
Location
500 Mero Street
3rd Floor
Frankfort, KY 40601 USA
Description
The Kentucky Department of Workers' Claims has exclusive jurisdiction over workers' compensation matters andis the agency responsible for administering claims and ensuring compliance with the workers' compensationprovisions contained in KRS Chapter 342. The Department is committed to improving service and reducing coststo its stakeholders in the Commonwealth.
The Department of Workers' Claims is seeking to fill a Workers' Compensation Specialist position locatedwithin the Office of Administrative Law Judges.
This position requires performance of duties within the state of Kentucky. At the time employment commences,the employee need to be able to commute to and work in Frankfort, Kentucky.
The preferred candidate for this position will demonstrate the ability to communicate clearly and concisely,and work cooperatively with a team, have a working knowledge of Microsoft Office products and a history ofworking with customer service, databases and reports.
Job duties include:
  • Review and analyze Form 110 settlement agreements for statutory compliance. Assist the CALJ to ensure theagreement conforms to the provisions of KRS Chapter 342 by ensuring consistency of calculations to medicalreports, accuracy of calculations, and the protection of interests of the unrepresented claimants. PrepareOrder expressing disposition of agreement, service on all parties.
  • Calculate and determine income benefits due for each case based on multiple factors,determining accuracy and adequacy of the settlement that has been presented. Determine the number of weeks theinjured worker is eligible for income benefits by reviewing the impairment rating (if applicable), the AMAfactor, wage info., extent of impairment and disability, and work status of the injured worker. For non-compliantor questionably compliant agreements, prepare a memo to CALJ to assist in his review of the agreement.
  • Process Form 11's by confirming proper documentation is provided, reviewing case history, updateinformation in Litigation Management System (LMS). Analyze old case files to determine how benefits wereawarded, version of KRS used for award, and if benefits remain payable, how long the survivor is entitled toreceive them. At conclusion of pre-determined time, review pleading with CALJ; prepare Order.
  • When settlement includes a waiver, assist CALJ in the review of the adequacy of the amount allocated foreach waiver by thoroughly reviewing the medical history of the case and the projected future treatment needsof the injured worker based on medical reports and records. Review narrative section on Form 110 to confirmlanguage is consistent with terms of settlement and within scope of KRS 342.
  • Daily monitoring of Agreements work queue in LMS, where Form 110's are submitted. To include completion ofthe assign claim number function, confirmation all parties are added in LMS, and generation of acknowledgmentletter with service on all parties. Serve as liaison with ALJ's, attorneys, claimants, adjusters, and others byanswering inquiries on settlement process and requests for survivor benefits.
  • Performs other duties as assigned.
This position will have access to confidential and sensitive information. The successful candidate will berequired to safeguard and secure all confidential and sensitive information and will be required to completetraining, sign acknowledgements, follow all policies, and adhere to all statutes and requirements pertainingto the safeguarding and security of confidential and sensitive information while employed and after employmentends.
The Department participates in E-Verify and will provide the federal government with your Form I-9 informationto confirm that you are authorized to work in the United States. The DWC will only use E-Verify once you haveaccepted a job offer and completed the Form I-9.
For more information on E-Verify, or if you believe that DWC has violated its E-Verify responsibilities,please contact the Department of Homeland Security (DHS) at 999-897-7781 or https://www.e-verify.gov/.
Minimum Requirements
EDUCATION:Graduate of a college or university with a bachelor's degree.
EXPERIENCE, TRAINING, OR SKILLS:Must have four years of professional administrative experience in worker's compensation, the administration, processing, and/or adjusting of workers compensation claims or medical claims, or legal or paralegal work in the preparation, administration or processing of workers compensation cases.
Substitute EDUCATION for EXPERIENCE:NONE
Substitute EXPERIENCE for EDUCATION:Additional experience in the above areas will substitute for the required education on a year-for-year basis.
SPECIAL REQUIREMENTS (AGE, LICENSURE, REGULATION, ETC.):Must possess and maintain a valid driver's license to qualify for employment in this job classification. Must maintain any required licensure(s), certification(s), or other credentials for the length of employment in this job classification. Employing agency is responsible for ensuring employee possesses and maintains required licensure(s), certification(s) or other credentials.
Working Conditions
Work is performed primarily in an office setting but will occasionally require travel throughout the state.
Probationary Period
This job has an initial and promotional probationary period of 6 months, except as provided in KRS 18A.111.
If you have questions about this advertisement, please contact Doug Gott at Douglas.Gott@ky.gov.
An Equal Opportunity Employer M/F/D