Premium Audit Consultant

Overview

The organization is seeking a Premium Audit Consultant to manage the Northeast territory, primarily focusing on New Jersey. This is a remote work-from-home position that requires timely completion of remote and hybrid audits, with occasional business travel within the assigned territory to perform physical audits of Property & Casualty Commercial Lines policies at customer locations.

Responsibilities

• Conduct audits of highly complex accounts to verify accuracy of policy classifications, exposure base inclusions/exclusions, subcontractor status and cost allocations, and overall business audits.
• Develop appropriate premium bases on risks while adhering to strict deadlines.
• Interview insured parties to gather information about their operations and business models to analyze risk.
• Determine employee job classifications based on roles, responsibilities, and hazard exposure.
• Compile and analyze client operations and accounting records for audit preparation, including verifying classification data and conducting visual inspections.
• Identify and communicate regular and irregular audit findings and financial conditions to agents and branch underwriting.
• Report questionable operations, including suspected fraud, to corporate investigations and underwriting.
• Prioritize territorial assignments for policy review and audit workload.
• Provide training and guidance to less experienced audit staff on classification accuracy and premium basis development.
• Stay current on industry trends and developments within the specialty area.
• Assist with operational audits as needed.

Reporting Relationship

• Reports to Manager or above.

Skills, Knowledge, and Abilities

• Solid knowledge of corporate auditing practices, insurance industry operations, and departmental functions.
• Strong understanding of statutory and complex accounting principles and procedures.
• Ability to ask probing questions to accurately assess business operations.
• Effective interpersonal skills to handle difficult situations and identify risks.
• Knowledge of General Liability, Workers Compensation, and Business Auto Liability functions, including state and regulatory guidelines.
• Excellent project management, organizational, and planning skills.
• Self-directed with strong analytical and problem-solving abilities.
• Strong interpersonal, presentation, verbal, and written communication skills to influence and interact with internal and external partners.
• Proficient with Microsoft Office Suite, accounting systems, and other business software.
• Willingness and ability to travel.

Education and Experience

• Bachelor's degree, preferably in accounting or finance, or equivalent experience.
• Advanced degree or professional designations preferred.
• Experience with ISO, NCCI, and Independent Bureau States such as the California WCIRB is required.
• Typically requires a minimum of five years of related work experience.
• PAAS Certification is a plus.

Compensation and Benefits

In certain jurisdictions including District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York, and Washington, the national base pay range for this role is $54,000 to $103,000 annually. Salary is determined based on factors such as relevant experience, skills, certifications, and location. The employer offers a comprehensive and competitive benefits package to support employees and their families' physical, financial, emotional, and social wellbeing.

Location

Remote (Work from home) with some business travel within the Northeast territory, primarily New Jersey.

Additional Information

Reasonable accommodations are provided to qualified individuals with disabilities during the recruitment process upon request.