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Premium Auditor
Company | EMC Insurance |
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Location | Grand Rapids, MI, USA |
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Salary | $27 – $41 |
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Type | Full-Time |
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Degrees | Bachelor’s |
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Experience Level | Junior, Mid Level |
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Requirements
- Bachelor’s degree in accounting, business or equivalent work experience
- Strong math, bookkeeping and/or accounting aptitude with attention to detail
- Working knowledge of Microsoft Excel and related software platforms
- Ability to analyze, research and resolve audit issues
- Strong interpersonal and communication skills
- Ability to work independently as well as with others under minimal supervision needed
- Ability to manage multiple tasks while meeting deadlines
- Travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if traveling
Responsibilities
- Performs audits on commercial lines Workers Compensation and General Liability policies
- Consults with policyholders regarding business practices, operations and staff duties while explaining various aspects of the audit to the audit contact
- Within the designated territory, meets with the insureds at their place of business, via Teams or by phone, to accurately audit exposures
- Completes audits by reviewing policyholder financial records, including federal and state quarterly tax returns, payroll records, financial statements, general ledgers and other related documents/reports
- Determines correct exposures and classifications for use in audit process by applying knowledge of National Council on Compensation Insurance (NCCI), Insurance Services Office (ISO) and other audit-related guidelines
- Reviews, inspects, and investigates any aspect of the business necessary to develop earned premium
- Prepares detailed reports of audit findings and submits to corporate office
- Provides description of insured’s business operations to assist underwriter in risk assessment and insurance fraud discussions
- Resolves any audit dispute through review and research. Performs some mail or telephone audits
- Completes audit summaries by entering payroll records, quarterly statements, receipts, etc. Schedules future audits and selects travel routes when conducting audits in person (Physical)
Preferred Qualifications
- Knowledge of property and casualty insurance industry and applicable Workers’ Compensation and General Liability regulations and classifications preferred