Premium Audit Specialist - Financial Division

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:

Salary Range:

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.