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Premium Auditor I

Role overview

Qualifications

  • Bachelor’s Degree or equivalent plus 3+ years’ performing premium audits
  • Prior premium audit experience and basic knowledge of accounting/bookkeeping
  • Knowledge of manual rules for workers’ compensation, general liability, garage and commercial auto
  • Proficient with Microsoft Word, Excel, and Outlook

Responsibilities

  • Conducts remote premium audits through electronic review methods and virtual interactions with policyholders
  • Analyzes payroll, financial, and operational records to determine classifications and premium calculations
  • Schedules time with insured to review information and conduct audits via telephone and online conference
  • Maintains working knowledge of insurance manuals and complies with state regulations and company guidelines

Key facts

Hard skills

Other skills

  • Analytical Skills
  • Detail Oriented
  • Microsoft Word
  • Microsoft Excel
  • Microsoft Outlook
  • Prioritization
  • Time Management
  • Problem Solving
  • Teamwork

About the company

Berkley logo

Berkley

  • Insurance
  • SME
  • 201–500
Berkley Technology Services (BTS) is a dynamic company committed to providing world class IT services. We offer a unique culture, enabling our team members to be on the cutting edge of technology while delivering high quality solutions. We are looking for outstanding individuals who will bring unique perspectives, insight and innovation to our teams. BTS, a member company of W. R. Berkley Corporation, has facilities located in Des Moines, Iowa and Wilmington, Delaware. Our functions include working with various third parties to develop, integrate, and support insurance systems of WRBC's operating units. BTS strives to provide these functions in a holistic manner including helpdesk support, system connectivity, and operational support. Additional responsibilities include coordinating communications regarding best practices in the use of our supported systems and researching new technology. At BTS, there are opportunities associated with being a part of an established and empowering corporation while maintaining a positive personal working environment. Additionally, we provide a competitive compensation and benefits package including a casual dress code. BTS is constantly growing and expanding to meet the changing demands of one of the most successful insurance organizations in the world. If you are ready to jump start your career, BTS is the place for you.

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Job description

Company Details:

We provide a foundation of stability and predictability that gives employees the confidence to succeed.

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $15 billion.

Today the Berkley brand comprises 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well positioned for long-term success and future growth.

Berkley Premium Audit Services (BPAS) is an innovative provider of premium audit operations to 21 Berkley companies. If you are looking to join a fast-paced, energetic and passionate team with room for professional growth and development – Berkley may be a great fit for you.

Responsibilities:

The Premium Auditor I is responsible for conducting remote premium audits through electronic review methods and virtual interactions with policyholders. This role analyzes payroll, financial, and operational records to accurately determine classifications, exposures, and premium calculations in accordance with applicable regulatory and carrier guidelines. The position requires strong analytical skills, attention to detail, and effective customer communication to deliver timely, high-quality audit results while consistently meeting productivity and service standards.

Key Functions/Duties of Position:

  • Reviews information obtained through the administrative process to ensure all records have been submitted and will request any additional information and records from insureds to complete audits.   
  • Schedules time with insured to review information and conduct audits via telephone and online conference.
  • Complies with state regulations and company guidelines, and maintains working knowledge of all insurance manuals, premium audits manuals, and related material.
  • Inputs a summary of audit information in Premium Audit Tracking System (PATS) for final Audit Transaction to determine premium adjustment.
  • Performs the audits on payroll based and composite exposures.
  • Has a strong understanding of ISO and NCCI rules to ensure proper classification and exposure development.
  • Refers highly complex issues and problems to Premium Audit Supervisor.
  • Works across a larger span of geographical territory, understanding state specific rules and guidelines.
  • Performs other duties as assigned.
Qualifications:
  • Bachelor’s Degree or equivalent plus 3+ years’ performing premium audits or equivalent combination of education and experience.
  • Industry related designations a plus.
  • Prior premium audit experience and basic knowledge of accounting/bookkeeping and insurance company operations are required.
  • Test audit state experience required.
  • Knowledge of manual rules for workers’ compensation, general liability, garage and commercial auto.
  • Ability to keyboard accurately, respond quickly and professionally to customer inquiries; and organize, prioritize and manage multiple tasks in a fast-paced environment.
  • Regularly and consistently demonstrates commitment to company values and guiding principles.
  • Proficient with Microsoft Word, Excel, and Outlook.
  • It is expected that the employee will correspond with insureds in a remote/virtual environment. The employee will need to communicate effectively with insureds via teleconference. 
  • Employee should be comfortable with all aspects of conducting virtual meetings including proper etiquette, screen sharing, and use of video cameras.
  • Ability to consistently demonstrate the Berkley Core Competencies and Innovation Behaviors.
Additional Company Details: The Company is an equal employment opportunity employer. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. We do not accept unsolicited resumes from third party recruiting agencies or firms. Sponsorship Details: Sponsorship not Offered for this Role

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