At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

Federated’s culture is grounded in our Four Cornerstones: Equity, Integrity, Teamwork, and Respect.  We strive to create a work environment that embodies our values and commitment to diversity and inclusion.  We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities.  Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.

Federated Insurance is seeking someone with strong investigative, analytical and communication skills to join our team as Analyst, supporting our Special Investigative Unit (SIU). This position will gather, manipulate, and analyze fraud intelligence information to identify incidents of insurance fraud, while ensuring reporting compliance with regulatory bodies. 

This position will work out of our Owatonna, MN office.

Responsibilities Include:

• Developing summary of findings and next-step recommendations while applying initiative, analysis, sound judgment and knowledge of investigative processes.
• Communicating findings to interested parties and interacting with SIU Investigator.
• Performing detailed link analysis and claims chronologies to identify potentially fraudulent situations, unsatisfactory claims trending, any other patterns requiring investigation.
• Identifying and researching emerging Federated Insurance and global insurance fraud trends.
• Assisting in state fraud reporting requirements.
• Reviewing vendor invoices to ensure accuracy of charges and proper loss expense management.
• Applying expert understanding and mining of the Internet and social media sources. Optimizing search engine utilization for online content and interprets web traffic from all social media sources.
• Maintaining and demonstrating advanced knowledge and understanding of medical terminology, coding and billing, legal briefs, surveillance and investigative reports.

Minimum Requirements:

• Four year degree or equivalent experience
• Minimum of two years' work experience demonstrating strong investigative, analytical and communication skills.
• Demonstrated progress towards or completion of claims or anti-fraud designation(s).
• Strong computer knowledge.
• Expert knowledge in Microsoft Excel.
• Expert knowledge of social media platforms.

Analyst - Special Investigations Unit pay range is $70,500 to $95,300.  Pay may vary depending on job-related factors, individual experience, skills, knowledge, etc.  More information can be discussed with a member of the Recruiting team.

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You. 

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

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