Job Description

Sr Insurance Administrator, Risk ManagementVadodara, Gujarat, India Req #1774Thursday, April 17, 2025Who We AreMagnit is the future of work. Serving hundreds of the worlds most recognizable brands for the past 30+ years, Magnit offers the industrys first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organizations contingent workforce management, talent strategy and broader organization goals. At Magnit, youll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.About the RoleThis position will be remote from India or based out of the Vadodara, India office.The position will require working primarily Eastern Standard Time. The Sr. Insurance Administrator must be hands-on and will be responsible for processing claims to ensure the procedure is handled efficiently, accurately, and in a manner that protects the interests of the insured parties while also providing satisfactory customer service. Claimants can confidentially submit their claims with management and receive timely and quality service. Coordinating with others to maintain insurance compliance worldwide.Candidate must have excellent time management skills to maintain all Workers Compensation reporting requirements. Candidates must have excellent communication skills, both verbal and written, and the ability to respond to internal and external inquiries in a timely manner. It is essential that the candidate be organized, meticulous, and adaptable to ensure deadlines are met timely and with a high degree of accuracy.What You Will Do

• Monitor compliance with all risk insurance, inclusive of workers compensation, for operations within the United States and internationally.
• Review and approve prospective contingent worker positions to determine if positions meet the Companys requirements. Review client contracts to understand and assess insurance requirements and indemnification language.
• Coordinate with legal and human resources departments regarding workers compensation claims and hearings, client contracts and indemnification language, and potential barriers for payrolling certain positions.
• Process and monitor workers compensation claims from beginning to end. This includes, but is not limited to, coordinating with internal team members, workers, claims adjustors, and other parties to gather information, process and track claims, and work with third party claims administrators to determine next steps to bring claims to closure.
• Obtaining wage data and calculating workers compensation premiums, filing wage reports, and remitting payments to all required jurisdictions on a timely basis.
• Creating and executing expedient solutions as issues arise. Attention to detail and ability to deliver cohesive ideas in an expedited time frame are key attributes to success in this role.
• Ability to articulate information clearly via verbal and written communication.
• This position is responsible for working closely with all levels across the organization to share knowledge, accomplish common goals, and set standards of excellence and professionalism.
• This position is responsible for maintaining Workers Compensation filings and reporting for all required States within the US and internationally. Process and manage invoice for accuracy and timely payments.

What You Will Need

• 5+ years of experience in Workers compensation and risk insurance administration.
• Quantitative aptitudes and experience in building scalable solutions and processes to solve problems.
• Must be proficient in Excel.
• Strong written and verbal communication skills.

What Magnit will Offer YouAt Magnit, youll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!If this role isnt for youStay in touch, we will let you know when we have new positions on the team.To see a complete list of our open career opportunities please visit.To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
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