Premium Auditor

November 18

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EMC Insurance Companies

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1001 - 5000 employees

Founded 1911

Description

• Performs premium audits on commercial lines subject to audit policies to verify appropriate classifications, exposures and basis of premium calculations • Completes audits by reviewing policyholder financial records, including federal and state quarterly tax returns, payroll records, financial statements and general ledger • Consults with policyholders regarding business practices and staff duties, and explains various aspects of audit information gathered, such as change in exposure, premium or operations • Within the designated territory, meets with the insureds at their place of business to accurately audit exposures for Worker’s Compensation, General Liability, and Garage policies • Determines correct exposures and classifications for use in audit process by applying knowledge of National Council on Compensation Insurance (NCCI), International Standards Organization (ISO) and other audit-related publications • Reviews, inspects, and investigates any aspect of the business necessary to verify premium information • 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. and adjusting the insured’s bill • Schedules future audits and selects travel routes

Requirements

• Bachelor’s degree in accounting, finance or business or equivalent work experience • Candidates that meet the below requirements will be considers for the Senior Premium Auditor: Bachelor’s degree in accounting, finance, insurance or related business field or equivalent relevant experience • Five years of experience in premium audit • Associate in Premium Auditing (APA) designation preferred • 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 • 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

Benefits

• Outstanding benefits with life, medical, dental, vision and prescription drug coverage • Competitive paid time off plan and a full day of volunteer time off annually • Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards • Professional development and growth opportunities, including tuition reimbursement • Wellness initiatives to improve team member well-being and reduce health insurance costs • Flexibility to dress for your day and opportunities for alternative work arrangements