Full-Time

Claims Auditor

Remote

Posted on 7/10/2025

Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

Compensation Overview

$80k - $90k/yr

+ Annual Short-Term Incentive Bonus

No H1B Sponsorship

Dallas, TX, USA + 1 more

More locations: Chicago, IL, USA

Remote

Category
Accounting (3)
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Requirements
  • 5+ years’ experience in health claims adjudication gained preferably in a consulting environment and/or in a major insurance claims administrator or health plan environment
  • Solid understanding of health and welfare plan design and all areas of claims administration, as well as of vendors’ processes and operating environment
  • Familiarity with all plan types including consumer-driven, PPO, Indemnity and Managed Care
  • Must demonstrate a high level of claims administration knowledge, including experience with medical, dental, mental health and Medicare
  • Detailed knowledge of ICD-10 and CPT codes and coding protocols
  • Excellent oral and written communications skills
  • Team player with strong work ethic
  • Self-directed; requiring very little supervision
  • Previous internal audit experience at a carrier or third-party external audit experience a plus
Responsibilities
  • Conduct pre-implementation and coverage specific audits and accurately document and record all audit findings
  • Understand client’s plans and apprise team of unique provisions/issues prior to audit
  • Adjust workloads as necessary to achieve successful completion of project
  • Clearly communicate and professionally interact with vendor and audit team
  • Review documentation of potential discrepancies for thoroughness and accuracy
  • Resolve post-audit activities in an accurate and timely fashion
  • Write quality value-added draft report in a timely manner
  • Participate in client presentation of findings, when requested
  • Understand vendors’ processes, operating environment, and specific challenges and take them into account with daily work
  • Develop working relationship with vendor counterparts
  • Distribute individual claim/work queues to team in a timely manner
  • Efficiently utilize audit-specific analytic techniques, tools and processes
  • Ensure that Professional Excellence protocols are followed
  • Meet billable hours target
  • Seek opportunities to improve work processes and methods in pursuit of quality output and service delivery
  • Role will be working remotely within the posted locations.

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE