Premium Audit Consultant

Overview

This role is responsible for conducting premium audits for Property & Casualty Commercial Lines business across the Midwest territory, with primary coverage of Ohio, Indiana, and Kentucky. The position is work from home, with timely completion of remote and/or hybrid audits and some business travel within the assigned territory to perform physical audits at customers’ premises.

Responsibilities

• Conduct audits of highly complex accounts, validating accuracy of policy classifications, exposure base inclusions/exclusions, subcontractor status, and subcontractor cost allocations, including assessment of overall business and customer relationships.
• Develop and substantiate proper premium bases for risks while adhering to strict time deadlines.
• Interview insureds to understand operations and business models; determine employee job classifications based on job role, responsibilities, and exposure to hazard.
• Compile and analyze client operations and accounting records to support audit preparation, including examining and authenticating classification data from business records and performing a visual inspection of the insured’s business.
• Identify and communicate regular and irregular audit findings and financial conditions to the agent and branch underwriting.
• Support corporate investigations and underwriting related to questionable operations, including suspected fraud.
• Prioritize territorial assignments for policy review and audit workload.
• Train less experienced audit staff; monitor and provide guidance on accuracy of policy classifications and proper premium basis development.
• Stay current on trends and developments in the specialty area and within the insurance industry.
• May assist with operational audits.

Requirements

• Solid knowledge of corporate auditing practices, procedures, and principles, as well as knowledge of the insurance industry, organizational, and departmental functions.
• Solid knowledge of statutory and other complex accounting principles, practices, and procedures.
• Ability to effectively ask probing questions to ascertain conclusions about insured business operations.
• Ability to tactfully and effectively handle difficult situations to identify risk and probe further as needed.
• Solid knowledge of General Liability, Workers Compensation, and Business Auto Liability functions and procedures, including state and regulatory guidelines.
• Excellent project management, organizing, and planning skills.
• Must be self-directed.
• Strong analytical and problem-solving skills, with the ability to resolve complex issues.
• Strong interpersonal, presentation, verbal, and written communication skills to influence and collaborate with internal and external partners.
• Proficiency with Microsoft Office Suite and accounting systems; working knowledge of Excel spreadsheets.
• Ability and willingness to travel.
• Experience with ISO, NCCI & Independent Bureau States such as the California WCIRB is required.

Education & Experience

• Bachelor’s degree, preferably in accounting or finance, or equivalent.
• Typically a minimum of five years of related work experience.
• Advanced degree or professional designations preferred.
• PAAS Certification a plus.

Reporting Relationship

Manager or above

Compensation & Benefits

In certain jurisdictions, the employer is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $54,000 to $103,000 annually. Salary determinations are based on factors including relevant work experience, skills, certifications, and location.

The employer offers a comprehensive and competitive benefits package.

Location

Work from home with coverage of the Midwest territory, primarily Ohio, Indiana, and Kentucky, with some business travel within the assigned territory for physical audits.