Key Facts

Remote From:

Full time

Senior (5-10 years)

English

Hard Skills

Financial Statement Analysis Workers' Compensation Claims Auditing Auditing Accounting Industry Trend Analysis Underwriting Insurance Reviews Regulatory Compliance Finance Auditing Auditing Auditing Underwriting Presentation Training

Other Skills

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Team Performance Management
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Communication
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Teamwork
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Customer Service
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Analytical Thinking
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Detail Oriented
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Coaching
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Problem Solving

Roles & Responsibilities

Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field, or equivalent experience.
Approximately 6 years of experience in Premium Audit, Underwriting, Accounting, or Finance; insurance accounting experience preferred.
Progress toward or completion of a professional designation such as APA, AU, CPCU, or ARM (preferred).
Experience with multi-state rules and classifications (including California); workers' compensation and general liability audits; commercial auto audits a plus.

Requirements:

Conducts thorough audits of insureds' financial records to verify premium accuracy and ensure calculations comply with company policies, regulations, and legal requirements.
Reviews complex financial statements, payroll records, and related documents to identify trends and anomalies affecting premium accuracy.
Resolves complex discrepancies by coordinating with producers, underwriters, insureds, leadership, and other internal departments to address issues promptly.
Prepares and presents detailed audit reports to management with actionable findings, and collaborates with underwriters and internal teams to ensure accurate premium calculations.

Great American Custom

About Great American Custom

Great American Custom is a division of Great American Insurance Group, focused on long-term client relationships and customized business solutions. We specialize in providing casualty products for Excess, Umbrella and Primary lines of business, and Errors & Omissions Professional coverages that meet the needs of the commercial market. Our policyholders range from small businesses to complex, multi-national corporations and Fortune 1000 companies. At Great American Custom, we’ve assembled a team of experienced insurance professionals who provide insight, perspective and creative problem-solving. Since our founding in 1992, we've grown from just two employees to a team of 180 dedicated professionals. Since then, we've achieved remarkable growth while maintaining our commitment to service. As the market evolves, we remain steadfast in our pursuit of stability and long-term relationships. About Great American Insurance Group:Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 115 years and is currently rated “A+” (Superior). Learn more at https://www.greatamericaninsurancegroup.com/

Founded: 2018

Company size: 201 - 500

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Job description

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

The Financial Division oversees all accounting and financial reporting for American Financial Group and Great American Insurance Group.

Our Financial Division is hiring for a Premium Audit Specialist to join the Premium Audit team! This is a fully remote position. Qualified candidates in the continental united states will be considered.

Essential Job Functions and Responsibilities

Conducts thorough audits of insureds financial records to verify the accuracy of reported premiums, ensuring that all calculations are precise and compliant with company policies, industry regulations, and legal requirements.
Conducts reviews and analysis of complex financial statements, payroll records, and other relevant documents, identifying trends and anomalies that may impact premium accuracy.
Resolves complex discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments, ensuring that all issues are addressed promptly and effectively.
Evaluates and determines the applicability of classification codes for coverage exposures.
Reviews insurance certificates for relevance to policy exposures.
Analyzes claim activity on policies to ensure that employee coding is consistent and accurate.
Prepares and presents detailed audit reports to management, providing clear and actionable findings that support strategic decision-making.
Collaborates with underwriters and other internal departments to ensure accurate premium calculations.
Provides excellent customer service to policyholders by addressing complex audit-related inquiries and ensuring a positive experience throughout the audit process.
May monitor and evaluate premium audit practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.

Job Requirements

Education: Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field or equivalent experience.
Experience: Generally, 6 years of experience in Premium Audit, Underwriting, Accounting, or Finance. Insurance accounting experience preferred. Continuing progress toward and/or the completion of a professional designation preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM).
- Experience with multi-state rules and classifications, including the state of California.
- Experience with workers compensation and general liability audits. Commercial auto audits are a plus.

Business Unit:

Property & Casualty Finance

Salary Range:

$79,200.00 -$106,800.00

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

*Excludes seasonal employees and interns.

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