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 bases, 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, determining 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 policy classifications and premium basis development.
• Stay current on industry trends and developments within the specialty area and insurance sector.
• Assist with operational audits as needed.

Reporting

Reports to a Manager or higher-level supervisor.

Skills, Knowledge, and Abilities

• Strong knowledge of corporate auditing practices, insurance industry operations, and departmental functions.
• Solid 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.
• Effective presentation, verbal, and written communication skills to influence and interact with internal and external partners.
• Proficiency with Microsoft Office Suite, accounting systems, and other business software.
• Willingness and ability to travel as required.

Education and Experience

• Bachelor's degree, preferably in accounting or finance, or equivalent experience.
• Advanced degree or professional designations are 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 (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 including relevant experience, skills, certifications, and location.

The employer offers a comprehensive and competitive benefits package designed to support employees and their families' physical, financial, emotional, and social wellbeing.

Location

Remote work-from-home position with some required travel within the Northeast territory, primarily New Jersey.