Senior Premium Auditor

Job Summary

The Senior Premium Auditor completes all assigned premium audits adhering to company standards and industry regulations, with limited to no supervision, for mid-size to large accounts in multiple states. The incumbent will also educate insureds, brokers, and underwriters on audit rules and audit exposures.

Duties and Responsibilities

• Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
• Complete virtual and mail premium audits for assigned accounts within established guidelines and best practices
• Perform examinations of policyholders accounting and financial records to ensure accurate calculation of earned premium for risks of moderate to high complexity
• Audit large premium accounts in all industries for multiple lines, including various liabilities and commercial auto
• Follow all industry, state, and company guidelines in the completion of audits
• Notify internal (Underwriting, Actuarial, UW Services, Finance) teams of concerns with assigned accounts
• Research, respond to and revise (when appropriate) all disputed audits
• Represent the company as an expert witness during legal disputes
• Schedule and perform year end audits and cancellation audits on assigned accounts
• Respond to underwriter, insured and third-party partners requests and questions regarding premium audits
• Verify risk classification and class codes of policyholder operations
• Prepare and deliver a detailed report of audit results

• Interview external client contacts (i.e., accounting dept at insured; broker; CPA firm of insured; payroll / bookkeeping company of insured; etc.) for required audit documentation

• Communicate audit results to internal and external client contacts
• Advise management of trends identified in audits
• Research best practices and implement needed process changes
• Mentor and assist in the training and duties of Premium Auditors
• Assist in assigning audit inventory
• Perform other duties and assignments as directed by department management

Knowledge, Skills and Abilities

• Advanced knowledge of general business, insurance, and accounting principles
• Advanced knowledge of insurance premium audit operations
• Advanced knowledge of Excess & Surplus insurance operations
• Advanced knowledge of ISO General Liability rules, manuals, and industry practices
• Advanced knowledge and skilled in NCCI or other State Bureau premium audit rules and regulations
• Strong analytical skills
• Ability to exercise sound judgement in making critical decisions
• Attention to detail
• Excellent organizational skills
• Proven ability to provide exceptional customer service
• Ability to work successfully as an individual contributor and in a team environment
• Ability to effectively communicate with all levels of the organization
• Excellent written and verbal communication skills
• Proficiency in MS Office (Word, Excel, Outlook)
• Ability to train and mentor others
• Ability to travel

Experience and Education

Premium Auditor II

• High School diploma required
• Associate or bachelor's degree in accounting, business administration or related field preferred
• Minimum of three years of premium auditor experience required
• Minimum of one year experience working with multi-state accounts preferred
• Certifications (APA, AINS) preferred

Senior Premium Auditor

• High School diploma required
• Associate or bachelor's degree in accounting, business administration or related field preferred
• Minimum of five years of premium auditor experience required
• Minimum of three years' experience working with multi-state accounts preferred
• Certifications (APA, AINS) preferred

Assistant Manager, Premium Audit

• Bachelor's degree required
• Master's degree preferred
• Minimum five years of progressive experience in finance, audit or accounting roles within the insurance industry, financial services industry, and/or public accounting required
• Minimum of one year experience managing professional or administrative staff preferred

• Certifications or advanced professional credentials (APA, AINS, CPA, CIA) preferred

Manager, Premium Audit

• Bachelor's degree required
• Master's degree preferred
• Minimum five years of progressive experience in finance, audit or accounting roles within the insurance industry, financial services industry, and/or public accounting required
• Minimum two years' experience managing professional or administrative staff preferred

• Certifications or advanced professional credentials (APA, AINS, CPA, CIA) preferred

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