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 position that requires timely completion of remote/hybrid audits, 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 to substantiate the accuracy of policy classifications and exposure base inclusions/exclusions, as well as the status of subcontractors, subcontractor cost allocations, business and final customer relationship, and overall audit findings.
• Develop proper premium basis for risks while adhering to strict time deadlines.
• Interview insureds to gather information on operations and business models to analyze and understand risk.
• Determine employee job classifications based on job roles, responsibilities, and exposure to hazard.
• Compile and analyze client operations and accounting records to prepare audit documentation, including examining and authenticating classification-related data from business records and performing a 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 assignments to manage policy review and audit workload.
• Train less experienced audit staff and monitor/provide guidance on the accuracy of policy classifications and proper premium basis development.
• Stay current on trends and developments in the specialty area and the insurance industry.
• May assist with operational audits.

Reporting Relationship

• Manager or above

Requirements

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

Preferred Qualifications

• PAAS Certification (a plus)

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 various factors, including but not limited to, relevant work experience, skills, certifications, and location.

A comprehensive and competitive benefits package is offered to support employees and their family members.

Location

• Midwest territory with work-from-home base
• Primarily Ohio, Indiana, and Kentucky
• Some business travel within the assigned territory to perform physical audits when required