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Premium Auditor

Other Skills

  • Record Keeping
  • Communication
  • Analytical Skills
  • Multitasking
  • Time Management
  • Teamwork
  • Customer Service
  • Detail Oriented
  • Social Skills
  • Self-Motivation
  • Problem Solving

Roles & Responsibilities

  • Bachelor’s degree in accounting, finance, insurance, or related business field or equivalent relevant experience
  • Strong math and accounting aptitude with attention to detail
  • Knowledge of property and casualty insurance industry and applicable Workers’ Compensation regulations and classifications (preferred)
  • Ability to travel with a valid driver’s license and acceptable motor vehicle report per company standards

Requirements:

  • Schedules and completes premium audits with policyholder contacts, in-person or virtually, to determine accurate final premium for adjustable lines of insurance
  • Reviews policyholder financial records (tax returns, payroll, financial statements, journals, ledgers) to verify loss exposures and premium
  • Prepares detailed audit reports outlining loss exposures, classifications, and descriptions of business operations to assist underwriting and discussions on risk and potential fraud
  • Serves as a technical resource to internal and external stakeholders; promotes audit processes, consults with agents and policyholders on audit procedures and record-keeping, reviews classifications for new submissions, and resolves audit disputes while staying current on regulations and best practices

Job description

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

  

 **Ideal candidate will be located in Arizona, Nevada, Montana, Idaho, Washington, or Oregon.**

**Candidates that exceed the minimum qualifications may be considered for a higher level position.**

Essential Functions:        

  • Schedules and completes premium audits with policyholder contacts, either in-person or virtually, to determine accurate final premium for adjustable lines of insurance.  Reviews policyholder financial records, including tax returns, payroll records, financial statements, journals, ledgers, and any other aspect of a business necessary to verify loss exposures and premium.

  • Prepares detailed reports of audit findings, including correct loss exposures, classifications, and a detailed description of business operations to assist underwriting with risk assessment and insurance fraud discussions. 

  • Ensures audits are completed in accordance with departmental production, quality, and timeliness standards.

  • Serves as a technical resource to both internal and external stakeholders, including agents, policyholders, underwriters, and others.

  • Consults with agents and policyholders regarding the audit process and record-keeping procedures to comport with auditing guidelines and manual rules.

  • Reviews classifications for new business submissions upon request to verify or correct classifications.

  • Promotes the audit function for both internal and external stakeholders and educates agents and policyholders on additional products or services available at EMC.

  • Reviews and resolves audit disputes, and communicates resolutions among agency, policyholder, underwriting, and accounting stakeholders.

  • Stays up to date on industry regulations and best practices to support audit efficiency and effectiveness.

Education & Experience:

  • Bachelor’s degree in accounting, finance, insurance, or related business field or equivalent relevant experience

Knowledge, Skills & Abilities:

  • Strong math and accounting aptitude with attention to detail

  • Knowledge of property and casualty insurance industry and applicable Workers’ Compensation regulations and classifications preferred

  • Ability to analyze, research, and resolve audit issues

  • Excellent customer service skills

  • Strong interpersonal and communication skills

  • Ability to work independently as well as with others under minimal supervision

  • 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 driving

The hiring salary range for this position will vary based on geographic location, falling within either of the following:

$55,795 - $77,098 or $61,659 - $84,778

A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

 

 

For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.

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