Premium Audit Consultant

Overview

The organization is seeking a Premium Audit Consultant to support the Midwest territory, conducting premium audits primarily for Ohio, Indiana, and Kentucky.

This is a work-from-home role that requires timely completion of remote/hybrid audits, along with some business travel within the assigned territory to perform physical audits of Property & Casualty Commercial Lines policies at customers’ premises when required.

Responsibilities

• Conduct audits of highly complex accounts, substantiating the accuracy of policy classifications, exposure base inclusions/exclusions, status of subcontractors, subcontractor cost allocations, and business/final customer relationship; develop proper premium basis on risks while adhering to strict time deadlines.
• Conduct interviews with insureds to gather information about operations and business models; determine employee job classifications based on job roles/responsibilities and exposure to hazard.
• Compile and analyze clients’ operations and accounting records to prepare audits, including examining and authenticating classification-related data from business records and performing visual inspection of the insured’s business.
• Recognize and communicate regular and irregular audit findings and financial conditions to the agent and branch underwriting.
• Inform corporate investigations and underwriting of questionable operations, including suspected fraud.
• Prioritize territorial assignment for policy review and audit load.
• Train less experienced audit staff; monitor and provide guidance on the accuracy of policy classifications and proper premium basis development.
• Stay up to date on trends and developments in the specialty area and across the insurance industry.
• May assist with operational audits.

Requirements

• Solid knowledge of corporate auditing practices, procedures, principles, and the insurance industry, including the organization and departmental functions/operations.
• Solid knowledge of statutory and other complex accounting principles, practices, and procedures.
• Ability to ask probing questions to insureds to ascertain conclusions about business operations.
• Ability to interact tactfully and effectively in difficult situations to identify risk and probe as judgment and situation dictate.
• 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.
• Excellent interpersonal, presentation, verbal, and written communication skills, with the ability to influence and interact effectively with internal and external partners.
• Solid knowledge of Microsoft Office Suite, accounting systems, and other business-related software.
• Ability and willingness to travel.

Preferred Qualifications

• Experience with ISO, NCCI & Independent Bureau States such as the California WCIRB (required).
• PAAS Certification (a plus).
• Advanced degree or professional designations (preferred).

Education & Experience

• Bachelor’s Degree, preferably in accounting or finance, or equivalent.
• Experience with ISO, NCCI & Independent Bureau States such as the California WCIRB (required).
• Typically a minimum of five years of related work experience.

Reporting Relationship

• Manager or above.

Compensation & Benefits

In certain jurisdictions, the employer is legally required to include a reasonable estimate of 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 various factors, including but not limited to, relevant work experience, skills, certifications, and location.

The employer offers a comprehensive and competitive benefits package for employees and their family members.

Location

• Work from home with assignment to the Midwest territory.
• Primary auditing focus: Ohio, Indiana, and Kentucky.
• Includes some business travel within the assigned territory for physical audits when required.