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 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.

This role involves 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 accuracy of policy classifications, exposure base inclusions/exclusions, status of subcontractors, subcontractor cost allocations, and business/customer relationship details; develop proper premium basis on risks while adhering to strict time deadlines.
• Conduct interviews with insureds to obtain information about operations and business models; determine employee job classifications based on job roles/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 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 to support 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; strong knowledge of the insurance industry, the organization, 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 ascertain conclusions about business operations.
• Ability to interact tactfully and effectively in difficult situations to identify risk and probe further as judgment dictates.
• 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.
• Strong interpersonal, presentation, verbal, and written communication skills; ability to influence and interact effectively with internal and external business partners.
• Solid knowledge of Microsoft Office Suite, accounting systems, and related business software.
• Ability and willingness to travel.

Education & 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.

Preferred Qualifications

• PAAS Certification (a plus)

Compensation & Benefits

In certain jurisdictions, the organization 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 factors including relevant work experience, skills, certifications, and location.

The organization offers a comprehensive and competitive benefits package to support employees and their family members’ physical, financial, emotional, and social wellbeing goals.

Location

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