Premium Audit Consultant

Overview

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

This is a work from home position requiring timely completion of remote and 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, confirming the accuracy of policy classifications and exposure base inclusions/exclusions, including the status of subcontractors and subcontractor cost allocations.
• Develop the proper premium basis on risks while adhering to strict time deadlines.
• Interview insureds to understand operations and the business model to support risk analysis.
• Determine employee job classifications based on job role, responsibilities, and exposure to hazard.
• Compile and analyze client operations and accounting records for audit preparation, 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 policy review and audit workload.
• Train less experienced audit staff, and monitor and 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 in performing operational audits.

Reporting Relationship

• Manager or above

Requirements

• Solid knowledge of corporate auditing practices, procedures, and principles, as well as the insurance industry, the organization, and departmental functions and operations.
• Solid knowledge of statutory and other complex accounting principles, practices, and procedures.
• Ability to effectively ask probing questions to ascertain conclusions about business operations.
• Ability to tactfully and effectively navigate difficult situations 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.
• 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 with internal and external partners.
• Solid knowledge of Microsoft Office Suite, accounting systems, and other business-related software systems.
• 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. Advanced degree or professional designations preferred.
• Typically a minimum of five years of related work experience.
• PAAS Certification a plus.

Compensation & Benefits

In certain jurisdictions, the organization 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 factors including relevant work experience, skills, certifications, and location.
• Comprehensive and competitive benefits package is provided.

Location

• Midwest territory (primarily Ohio, Indiana, and Kentucky)
• Work from home with some business travel within the assigned territory for physical audits when required.