Posted in

Premium Auditor

Premium Auditor

CompanyEMC Insurance
LocationGrand Rapids, MI, USA
Salary$27 – $41
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior, Mid Level

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