Premium Auditor I

Overview

This role involves performing professional premium audits that 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.

When not traveling to policyholders’ locations, you will work out of your home.

Responsibilities

• Perform examination of 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.

Qualifications

• 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 (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 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.

Compensation & Benefits

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

Benefits include comprehensive support for life and well-being, workplace flexibility, professional development opportunities, and other opportunities provided through Employee Resource Groups.

Location

Work out of your home, with travel to policyholders’ locations as needed.