Premium Audit Consultant

Overview

This role provides Premium Audit consulting for a Midwest territory, with audits primarily in Ohio, Indiana, and Kentucky. The position is work from home and 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.

The work includes establishing appropriate classifications, basis of premium, and premium exposures in accordance with company policy, ISO, NCCI & Independent Bureaus’ policies and regulations. Experience with ISO, NCCI & Independent Bureau States (such as the California WCIRB) is required.

Responsibilities

• Conduct audits of highly complex accounts, substantiating the accuracy of policy classifications, exposure base inclusions/exclusions, and status of subcontractors (including subcontractor cost allocations), while assessing business and customer relationships. Develops the proper premium basis on risks while meeting strict time deadlines.
• Conduct insured interviews to obtain information about operations and business models; analyze risk and determine employee job classifications based on job role, responsibilities, and exposure to hazard.
• Compile and analyze client operations and accounting records to prepare audits, including examining and authenticating classification-related 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.
• Inform corporate investigations and underwriting of questionable operations, including suspected fraud.
• Prioritize territorial assignment for policy review and audit load.
• Provide training for less experienced audit staff; monitor and guide accuracy of policy classifications and proper premium basis development.
• Stay current on trends and developments within the specialty area and across the insurance industry.
• May assist with the performance of operational audits.

Reporting Relationship

• Manager or above

Requirements

• Solid knowledge of corporate auditing practices, procedures, and principles, along with knowledge of the insurance industry and departmental functions/operations.
• Solid knowledge of statutory and other complex accounting principles, practices, and procedures.
• Ability to effectively ask probing questions of insureds to determine conclusions about business operations.
• Ability to handle difficult situations tactfully and effectively to identify risk, probing further 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.
• Solid analytical and problem-solving skills, with the ability to resolve complex issues effectively.
• Strong interpersonal, presentation, verbal, and written communication skills, with the ability to influence and interact with internal and external business partners.
• Proficiency with Microsoft Office Suite; solid working knowledge of accounting systems and other business-related software.
• Ability and willingness to travel.

Education and Experience

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

Compensation & Benefits

In certain jurisdictions, a reasonable estimate of compensation is required. For the 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.

A comprehensive and competitive benefits package is offered.

Location

Work from home with audits primarily in Ohio, Indiana, and Kentucky, plus some business travel within the assigned territory to perform physical audits when required.