Premium Audit Specialist (PA)

Overview

This field-based position is located in Pennsylvania. The role involves performing premium audits and related financial reviews to ensure reported premiums are accurate and compliant with company policies, industry regulations, and legal requirements.

Responsibilities

• Conduct thorough audits of insureds’ financial records to verify the accuracy of reported premiums.
• Review and analyze complex financial statements, payroll records, and other relevant documents to identify trends and anomalies that may impact premium accuracy.
• Resolve complex discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments.
• Evaluate and determine the applicability of insurance certificates and class codes to specific exposures.
• Analyze claim activity on policies to ensure employee coding is consistent and accurate.
• Prepare and present detailed audit reports to management with clear, actionable findings.
• Collaborate with underwriters and other internal departments to support accurate premium calculations.
• Provide excellent customer service to policyholders by addressing complex audit-related inquiries and ensuring a positive audit experience.
• May monitor and evaluate premium audit practices and assist with implementing strategic adjustments to improve overall effectiveness and outcomes.
• May have responsibility for performance and coaching of staff, with a participatory role in talent selection, development, and performance management for direct reports.
• Perform other duties as assigned.

Requirements

• Education: Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field, or equivalent experience.
• Experience: Generally, a minimum of 10 years of experience in Premium Audit, Underwriting, Accounting, or Finance. Insurance accounting experience preferred.
• Completion of or continuing progress toward a professional designation preferred, such as:
  • Associates in Premium Audit Program (APA)
  • Associate in Underwriting (AU)
  • Chartered Property Casualty Underwriter (CPCU)
  • Associate of Risk Management (ARM)
• Demonstrates advanced technical knowledge across various accounting principles and practices.
• Works on assignments of high technical and logistical complexity.
• Demonstrates advanced analytical and problem-solving skills.
• Maintains knowledge of industry trends, regulations, and best practices to ensure audits are conducted in compliance with company policies, industry regulations, and state laws.
• Excellent interpersonal and communication skills, with the ability to work collaboratively in a fast-paced environment and across departments.
• Serves as a senior resource on the Premium Audit team and provides technical advice and support to lower-level positions.

Compensation & Benefits

• Salary range: $79,200.00 - $106,800.00
• Competitive benefits packages for full-time and part-time employees*.
  • Full-time employees: medical, dental, and vision coverage; wellness plans; parental leave; adoption assistance; tuition reimbursement.
  • Full-time and eligible part-time employees: Paid Time Off and paid holidays; a 401(k) plan with company match; employee stock purchase plan; commuter benefits.
• Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Benefits and specific compensation ranges are provided by the recruiter during the hiring process.

*Excludes seasonal employees and interns.