Premium Auditor II

Overview

This role involves performing professional audits that help ensure 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 supported by audit workpapers. Work is based out of your home, with travel to policyholder locations as needed.

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.
• Review appropriate audit documentation and/or company policy systems to determine auditable exposures and coverages provided by the policy, aligned with the 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 (including Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract.
• Manage workload through efficient time utilization, including scheduling audit appointments based on priority and assignment location within the assigned territory; manage work-in-process and document progress for stakeholders/management.
• Complete routine administrative tasks such as Time Tracking, Expense Reports, Mileage Reports, etc.
• Coordinate assignment of multi-location audits for large risks (and review location audits) to ensure quality and accuracy; consolidate results in proper format for rating purposes.
• As assigned, assist with complex audits, Special Investigative Unit (SIU) related accounts, and/or special projects, including mentoring and presentations.

Requirements

• Effective workload management skills through efficient time utilization.
• Ability to review audit documentation and/or company policy systems to determine auditable exposures and coverages provided by the policy.
• Ability to investigate policyholder operations to obtain actual exposures, verify classifications, 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 for communication and socialize audit information to appropriate stakeholders.

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 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 includes 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 with travel to policyholders’ locations.
• Fair Chance Notices:
  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco