Premium Audit Consultant

Overview

This role conducts premium audits for Property & Casualty Commercial Lines within the Midwest territory, primarily for Ohio, Indiana, and Kentucky. The position is work from home and requires timely completion of remote and hybrid audits, along with some business travel within the assigned territory to perform physical audits at customers’ premises when required.

Responsibilities

• Conduct audits of highly complex accounts, including verifying policy classifications, exposure base inclusions/exclusions, subcontractor status, and subcontractor cost allocations; assess overall business and customer relationship factors while meeting strict time deadlines.
• Establish appropriate classifications, basis of premium, and premium exposures in accordance with company policy, ISO, NCCI & Independent Bureaus’ policies and regulations.
• Interview insureds to obtain information about operations and the business model; determine employee job classifications based on job roles/responsibilities and exposure to hazard.
• Compile and analyze client operations and accounting records to prepare audit work, 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 workload.
• Train less experienced audit staff and monitor/provide guidance to support accuracy of policy classifications and proper premium basis development.
• Stay current on trends and developments in specialty areas and across the insurance industry.
• May assist in conducting operational audits.

Reporting Relationship

• Manager or above

Requirements

• Solid knowledge of corporate auditing practices, procedures, and principles; solid knowledge of the insurance industry, organizational and departmental functions, and operations.
• Solid knowledge of statutory and other complex accounting principles, practices, and procedures.
• Ability to ask probing questions to ascertain conclusions about business operations.
• Ability to handle difficult situations tactfully and effectively to identify risk and determine next steps as judgment and situation dictate.
• Solid knowledge of General Liability, Workers Compensation, and Business Auto Liability functions and procedures, including state and regulatory guidelines.
• Strong project management, organizing, and planning skills.
• Must be self-directed.
• Strong analytical and problem-solving skills to resolve issues of a complex nature.
• Excellent interpersonal, presentation, verbal, and written communication skills, with the ability to influence and interact effectively with internal and external partners.
• Proficiency with Microsoft Office Suite; knowledge of accounting systems and other business-related software systems.
• 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.
• PAAS Certification is a plus.

Compensation & Benefits

In certain jurisdictions, the employer 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.

The organization offers a comprehensive and competitive benefits package for employees and their family members.

Location

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