Recovery Analyst Job Description
Recovery analyst
provides support in regulatory plan testing and filings in accordance with ERISA, federal, state and local laws and regulations.
Recovery Analyst Duties & Responsibilities
To write an effective recovery analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included recovery analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Re-bills insurance companies when appropriate
Liase with modeling team to ensure accurate data extracted and used in model calibration
Support platform Risk Data Leaders with portfolio analysis and project management to provide insights to CCO and other senior managers
Collects monies owed on large balanced delinquent medical accounts
Assists patients with information on payment arrangements and account disputes
Assist in conducting business impact analysis with definition of critical time-sensitive functions and identification of minimum required resources for business recovery
Assist in the design, development, and documentation of work area (business function) business recovery plans
Work with IT Site Managers and technical groups to ensure that recovery solutions are in place and tested
Work with IT Site Managers and technical groups to support and coordinate recovery efforts
Assist with business recovery plan exercises
Recovery Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Recovery Analyst
List any licenses or certifications required by the position: CBCP, ABCP, DRI, ITIL, V3, DR, BC, PCI, BCI, CBCM
Education for Recovery Analyst
Typically a job would require a certain level of education.
Employers hiring for the recovery analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Education, Computer Science, Business/Administration, Finance, Accounting, Engineering, Associates, Information Technology, Management
Skills for Recovery Analyst
Desired skills for recovery analyst include:
Subrogation
Insurance
Personal injury law desired
Bankruptcy and credit reporting
Basic legal compliance issues pertaining to collections
MS Office Products
Organization
Processes and customers
ERISA and ensure adherence to state and federal subrogation laws
Local
Desired experience for recovery analyst includes:
Familiarity with statistical principles of portfolio management, economic and accounting loss analysis
7 x GCSE grade C or above, including Maths and English
Basic understanding of technology processes and terminology
Must be comfortable interacting with large groups of customers and senior management, making written and oral presentations
Monitors delinquent account and implements collection procedures
Sends follow-up letters and accepts payment on certain amounts
Recovery Analyst Examples
1
Recovery Analyst Job Description
Job Description Example
Our company is looking for a recovery analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for recovery analyst
- Ensuring credit requests are filed and issued to the relevant parties
- Using the system to follow up on filled credit request
- Entering credit notes issued by suppliers for approved credit requests
- Perform validation and resolution of discrepancies on patient accounts
- Initiate refunds of identified overpayments
- Perform deep dive analyses into opportunities/issues facing MBNA and present findings and recommendations to management
- Increase efficiency and profitability through the use of advanced analytics , predictive modelling, linear programming
- Work with business stakeholders to generate and test hypotheses
- Create statistical models as needed to support business needs by applying appropriate techniques, exploratory data analysis, regression, decision trees, cluster analysis
- Interpret new insights from predictive models, develop strategic recommendations and communicate implications to the business
Qualifications for recovery analyst
- Can facilitate meetings of any size with minimal direction
- Has a mastery of documentation quality standards, can teach others and can facilitate quality review
- Provides client and peer coaching on the various tools and techniques used in our day to day operations
- Can support other activities not normally the responsibility of our group
- Know, manage and coach our group's interaction in the Project Delivery Process
- Identifies, supports or leads targeted improvements for new or existing processes and services internal to Chase Card Services
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Recovery Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of recovery analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for recovery analyst
- Work with the data management team to integrate data from multiple internal and external sources to be used for analytics models
- Occasionally, develop new reports as appropriate
- Perform deep dive analyses into opportunities/issues facing TDAF and present findings and recommendations to management
- Working in a collaborative team and assisting with various tasks including but not limited to
- Interacting with business owners to develop options for their financial challenges
- Communicating with creditors , reviewing and analyzing security documents, proofs of claim, liaising with various stakeholders, including clients, lawyers, lenders and other financial professionals as required
- Contributing to developing presentation and proposal materials for the team
- Analyzing financial data and reviewing accounting records to assess the financial viability of a company
- Supporting other internal practice areas in our Transactions Services group as needed
- Researching industry trends and performing analysis
Qualifications for recovery analyst
- Plans and leads business requirements efforts for any size projects with minimal support
- Plans and leads concept definition and scope identification efforts for any size projects with minimal support
- Understands and utilizes advanced tools and techniques of business analysis (Data flow diagrams, Systems Interface Analysis, E2E concept
- Can manage the efforts of contractors
- Can take on a limited amount of management responsibilities
- Provide coaching to Enterprise Business Analysts for navigating our group's day to day operations
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Recovery Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of recovery analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for recovery analyst
- Responsibilities include extracting and compiling collection performance data from various source systems (including manual tracking reports) for qualitative and/or quantitative analyses
- Perform deep dive analyses into opportunities/threats facing MBNA and present findings and recommendations to management
- Work with business stakeholders to discover opportunities to increase efficiency and profitability of MBNA collections operations through the use of analytics including modelling and testing of different alternatives
- Support business needs by applying appropriate techniques to answer business questions, exploratory data analysis, regression, decision trees, cluster analysis
- Generate and interpret new insights from analytical efforts and develop strategic recommendations and communicate implications to the business
- Work with the data management team to integrate data from multiple internal and external sources to be used for analytics
- Develop new reports as appropriate
- Investigate, recover, and resolve COB and Hospice claims recovery and resolution for Medicare business
- Candidate should be very articulate, outgoing, and not afraid to speak up do to the number of calls and presentations that need to be performed
- Manage routines for change intake and prioritization
Qualifications for recovery analyst
- Bachelor’s degree in Risk related field (Accounting, Business, Economics, Finance, Math/Stat, Operations Research, with Quantitative underpinning) with 6+ years of relevant Risk, Finance, Portfolio Management or Underwriting experience
- Business Continuity, Risk Management, Crisis and Disaster Management, or Emergency Management specialization is preferred
- 5 years of experience in a similar Business Analyst role
- Ability to work on multiple projects / initiatives at a time
- Problem Analysis and resolution abilities
- Fluency with application of business analysis modeling techniques
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Recovery Analyst Job Description
Job Description Example
Our growing company is looking for a recovery analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for recovery analyst
- Program and project health monitoring and reporting routines
- Manage project interdependency monitoring, analysis, and reporting
- Capability and benefit monitoring and reporting
- Prepare, review, and distribute weekly and monthly Supplier Recovery invoices
- Post payments to supplier accounts
- Track aging of accounts receivable and facilitate collection of past due amounts
- Prepare debits to be applied to dealer accounts
- Prepare and summarize Supplier Recovery Reports
- Prepare weekly and monthly reports for accounting
- Reconcile and resolve differences or errors with suppliers and dealers
Qualifications for recovery analyst
- This job includes managing and editing disaster recovery playbooks and facilitating disaster recovery testing
- Tracking opportunities for improvement and driving them towards solutions is large part of this positions responsibility
- Three years of experience in an IT role, working with mainframe, midrange and distributed systems
- Bachelor’s Degree in IT or related field (candidate may apply additional experience toward the education requirement at a rate of two years of relevant experience per year of required education)
- Knowledge of business continuity planning methodologies and industry standard corporate policies, laws and regulations governing IT disaster recovery planning is preferred
- Analytical, open-minded and able to provide objective assessments and decisive direction
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Recovery Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a recovery analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for recovery analyst
- Adjust/re-key complex adjustment issues received from provider refund checks, audit reports, returned check stock or overpayment recovery projects
- Assist with any audit requests for the retrieval of hard copy documentation pertaining to the daily check runs and any provider stock refunds and voided checks
- Assist with implementation of new products or projects for department
- Assist with training and mentoring of Claims Payable Analysts
- Continuously looks for and applies ways to improve work processes
- Establish effective relations with internal/external stakeholders to serve as liaison for Finance related issues
- Investigate and follow up on sensitive or difficult provider issues
- Process all Claims Payable check runs and report accurate financial information to General Accounting
- Pursue and attempt to recover money owed by providers for claims erroneously paid way of our overpayment recovery reports
- Report check information to financial institution for checks issued and voided
Qualifications for recovery analyst
- Demonstrated effectiveness in developing tasks and managing resources to achieve target deadlines
- CA/CPA designation with strong analytical skills and at least one year of senior accountant experience
- Strong financial modeling and attention to detail skills
- Superior communication , client service and problem solving skills
- Ability to demonstrate empathy and respect in dealing with distressed stakeholders
- Strong interpersonal and interview skills, particularly in crisis situations