Premium Auditor I

Overview

This role involves performing professional audits to support the financial integrity of premium development. You will examine policyholders’ operations and financial records to ensure exposures (such as payroll, sales, and fixed assets) are accurately calculated within strict insurance guidelines. Audit findings are communicated through detailed formal reports.

Work is home-based, with travel to policyholders’ locations as needed.

Responsibilities

• Examine policyholders’ accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks.
• Ensure audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines.
• Communicate audit findings through detailed formal reports supported by audit workpapers.
• Review appropriate audit documentation and/or company policy systems to determine auditable exposures and coverages provided by the policy and plan audit strategy.
• Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy, and ensure conformity to various state laws and insurance regulations for the appropriate audit period.
• Prepare detailed work papers and written correspondence in support of audit findings.
• Identify issues to be communicated and socialize audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract.
• With minimal oversight, schedule audit appointments with policyholders, taking into account priority of assignments and location within the assigned territory.
• Manage workload effectively by using time efficiently, including managing work-in-process and documenting progress for appropriate stakeholders/management.
• Complete routine administrative tasks such as Time Tracking Expense Reports and Mileage Reports.
• As requested, assist with complex audits and/or special projects.

Qualifications

• Ability to review audit documentation and/or company policy systems to determine auditable exposures and coverages provided by the policy and plan audit strategy.
• Experience investigating policyholder operations to obtain actual exposures, verify classifications as they apply to the policy, and ensure conformity to various state laws and insurance regulations for the appropriate audit period.
• Ability to prepare detailed work papers and written correspondence in support of audit findings.
• Ability to identify issues to be communicated and collaborate with relevant stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to support risk updates and policy contract changes.
• Ability to schedule audit appointments with minimal oversight based on assignment priority and assigned territory.
• Strong workload management skills, including efficient time utilization, managing work-in-process, and documenting progress for stakeholders/management.
• Ability to complete routine administrative tasks including Time Tracking Expense Reports and Mileage Reports.
• Willingness to assist with complex audits and/or special projects as requested.

Compensation & Benefits

• The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location.
• The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role.
• Some roles may include a corresponding compensation plan that may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Location

• Home-based work with travel to policyholders’ locations as needed.

Equal Opportunity

The organization is an equal opportunity employer and does not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran’s status, pregnancy, genetic information, or any other basis prohibited by federal, state, or local law.