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Insurance Payment Processor Jobs in Minnesota (NOW HIRING)

SHAREPOINT CREDIT UNION

EFT Processor

Bloomington, MN · On-site

$23 - $25/hr

Process exceptions, adjustments, returns,reversals, stop payments, death notices, and reclamations ... Affordable insurance options for Medical, Dental, Vision, and more! * Company-paid Life/AD&D, and ...

Loomis

Coin Processor

Saint Paul, MN · On-site

$19/hr

As a Coin Processor, you work with your team to maintain inventory in our cash vaults for our ... Insurance • 401(k) Plan • Basic Life Insurance Plan • Voluntary Life Insurance Plan • ...

Brink's Incorporated

Cash Processor

Minneapolis, MN · On-site

$16.75 - $21.50/hr

Job Title Cash Processor Who We Are: Brink's U.S., a division of Brink's, Incorporated, is the ... life insurance plans. We also offer a 401(k) Plan with company match. If you are interested and ...

Brinks

Cash Processor

Minneapolis, MN

$16.75 - $21.50/hr

Job Title Cash Processor Who We Are: Brink's U.S., a division of Brink's, Incorporated, is the ... life insurance plans. We also offer a 401(k) Plan with company match. If you are interested and ...

Brinks

Cash Processor

Minneapolis, MN · On-site

$16.75 - $21.50/hr

Job Title Cash Processor Who We Are: Brink's U.S., a division of Brink's, Incorporated, is the ... life insurance plans. We also offer a 401(k) Plan with company match. If you are interested and ...

Aspen Dental

Assistant Dental Office Manager

Oak Park, MN · On-site

$22 - $25/hr

Verify insurance payment, collection, balance nightly deposits and credit card processing * Additional tasks assigned by the Manager Preferred Qualifications * High school diploma or equivalent ...

Aspen Dental

Assistant Dental Office Manager

Baxter, MN · On-site

$22 - $26/hr

Verify insurance payment, collection, balance nightly deposits and credit card processing * Additional tasks assigned by the Manager Preferred Qualifications * High school diploma or equivalent ...

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All JobsInsurance Payment Processor JobsInsurance Payment Processor Jobs in Minnesota

Insurance Payment Processor information

What is the highest paying position in insurance?

In the insurance industry, executive roles such as Chief Underwriting Officer, Chief Risk Officer, or Chief Executive Officer tend to be the highest paying positions. These roles require extensive experience, leadership skills, and often advanced certifications, and they oversee strategic decision-making and company performance.

How to become an insurance processor?

To become an insurance payment processor, candidates typically need a high school diploma or equivalent, along with strong attention to detail and familiarity with insurance billing and coding systems. Relevant skills include data entry, knowledge of insurance policies, and proficiency with computer software such as Excel or specialized processing tools. Some employers may require certification or training in insurance billing or claims processing.

What does an insurance processor do?

An insurance payment processor reviews and verifies insurance claims, ensuring accuracy and compliance with policies. They input data into processing systems, communicate with healthcare providers or clients, and may use tools like claims management software to facilitate timely payments.

What is the difference between Insurance Payment Processor vs Insurance Claims Adjuster?

AspectInsurance Payment ProcessorInsurance Claims Adjuster
CredentialsBasic insurance or payment processing certificationsState licensing, adjuster certifications
Work EnvironmentOffice, call centers, online platformsOn-site inspections, fieldwork, office
Employer & IndustryInsurance companies, third-party payment firmsInsurance carriers, independent agencies
Primary FocusProcessing payments, verifying billing infoAssessing claims, determining coverage & payouts

While both roles operate within the insurance industry, Insurance Payment Processors focus on handling payments and billing, whereas Insurance Claims Adjusters evaluate claims to determine coverage and settlement amounts. Understanding these differences helps job seekers identify the right career path based on their skills and interests.

What does an Insurance Payment Processor do?

An Insurance Payment Processor is responsible for handling, verifying, and processing payments related to insurance claims or premiums. They review payment information, ensure that transactions are accurate, and update records accordingly. Their work helps ensure that policyholders and providers receive payments on time and that financial records are properly maintained. They may also communicate with clients, insurance agents, and financial institutions to resolve payment issues.

Is claims processing a stressful job?

Claims processing for an insurance payment processor can be stressful due to tight deadlines, high accuracy requirements, and the need to handle complex or disputed claims. The role often involves attention to detail, familiarity with insurance policies, and sometimes working under pressure to ensure timely payments.

What are the key skills and qualifications needed to thrive as an Insurance Payment Processor, and why are they important?

To thrive as an Insurance Payment Processor, you need strong mathematical skills, attention to detail, and a solid understanding of insurance billing and claims processes, often supported by a high school diploma or equivalent. Familiarity with claims management software, accounting systems, and electronic payment platforms is typically required. Excellent organizational abilities, problem-solving skills, and clear communication help individuals excel in this role. These skills and qualities ensure accurate payment processing, minimize errors, and support efficient financial operations within insurance organizations.

What are some common challenges faced by Insurance Payment Processors, and how can they be managed?

Insurance Payment Processors often encounter challenges such as handling high volumes of transactions, resolving discrepancies between payments and claims, and keeping up with frequently changing billing codes and regulations. Maintaining strong attention to detail and effective time management can help manage these demands. Additionally, collaborating closely with billing specialists and insurance representatives is crucial for resolving issues quickly and ensuring smooth workflow within the team.
What are popular job titles related to Insurance Payment Processor jobs in Minnesota? For Insurance Payment Processor jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Payment Processor jobs in Minnesota look for? The top searched job categories for Insurance Payment Processor jobs in Minnesota are:
What cities in Minnesota are hiring for Insurance Payment Processor jobs? Cities in Minnesota with the most Insurance Payment Processor job openings:
Insurance Payment Processor jobs near you
EFT Processor

EFT Processor

SHAREPOINT CREDIT UNION

Bloomington, MN • On-site

$23 - $25/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Job description

Electronic Funds Transfer (EFT) Processor:

Role:

As an EFT Processor, you will support electronic paymentadministration to include but not limited to: ACH settlement and origination;inclearing and returned checks; domestic and international wires. This role willperform research for members, employees, and third parties, as well as othermiscellaneous duties.

Responsibilities:

  • Post ACH and inclearing transactions tospecified accounts according to credit union policies and procedures, as wellas NACHA rules.
  • Manage the daily activities of the mobile RDCprogram.
  • Complete domestic and international wiretransfers according to credit union policies and procedures.
  • Process exceptions, adjustments, returns,reversals, stop payments, death notices, and reclamations.
  • Handle phone requests and other inquiries from internal departments, external members, financial institutions, and government entities regarding ACH and check transaction.
  • Reconcile daily activities, electronic journalbalances, and specific general ledger accounts.
  • Manage Reg E (ODP) program.
  • Other job-related duties as assigned.


Knowledge and Skills:

Experience:One year to three years of similar or related experience. Education   A high school education or GED.

InterpersonalSkills: Courtesy, tact, and diplomacy are essential. Work involvespersonal contact with others inside and/or outside the organization, generallyregarding routine matters for purposes of giving or obtaining information.

Other Skills:Proficiency with computers, keyboarding, required software, and otheressential technologies is required.


Physical Requirements:

Orientation: This position primarily requiressitting, some standing and walking. Talking: The ability to express or exchangeideas by means of spoken word to communicate information to members andcoworkers.

Hearing/Listening: The ability to perceive and reactto the nature of sounds by ear. Lifting: The ability to occasionally lift/lowerobjects of between 10 and 25 pounds.

*Reasonable accommodations to these requirements will be madefor employees with disabilities.


As a SharePoint employee, you will receive:

  • Affordable insurance options for Medical, Dental, Vision, and more!
  • Company-paid Life/AD&D, and Short-Term/Long-Term Insurances
  • Generous PTO offerings
  • Paid holidays generally include New Years' Day, MLK Day, Memorial Day, Independence Day, Columbus Day/Indigenous People's Day, Veteran's Day, Thanksgiving Day, and Christmas Day
  • 401(k) and employer match upon eligibility. Participants are vested immediately. 

Work Environment: This Position is in a typical officeenvironment. Lighting and temperature levels will be moderate, and noise levelsare generally quiet.

Employment Type: FULL_TIME

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