Premium Audit Consultant

Overview

This role involves conducting premium audits for Property & Casualty Commercial Lines policies across the Midwest territory, with audits primarily in Ohio, Indiana, and Kentucky.

This is a work-from-home position that requires timely completion of remote/hybrid audits, along with some business travel within the assigned territory for in-person (physical) audits at customers’ premises when required.

Responsibilities

• Conduct audits of highly complex accounts, validating the accuracy of policy classifications, exposure base inclusions/exclusions, subcontractor status, and subcontractor cost allocations, including auditing the overall business.
• Develop appropriate premium basis on risks while adhering to strict time deadlines.
• Conduct interviews with insureds to understand 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 audit work, including examining and authenticating classification-related data from business records and performing 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.
• 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 broader insurance industry.
• May assist with operational audits.

Reporting Relationship

• Manager or above

Requirements

• Solid knowledge of corporate auditing practices, procedures, and principles; as well as solid knowledge of 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 interact tactfully and effectively in difficult situations to identify risk through appropriate judgment and follow-up questioning.
• 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 for resolving complex issues.
• Solid interpersonal, presentation, verbal, and written communication skills to influence and interact with internal and external business partners.
• Proficiency with Microsoft Office Suite, accounting systems and applications, and other business-related software systems.
• Ability and willingness to travel.

Education & Experience

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

Preferred Qualifications

• PAAS Certification (a plus)

Compensation & Benefits

In certain jurisdictions, employers are legally required to provide a reasonable estimate of compensation.

• National base pay range (job level): $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 (Midwest territory)
• Primarily Ohio, Indiana, and Kentucky
• Some business travel within the assigned territory to perform physical audits at customers’ premises when required