Conducts thorough audits of insureds financial records to verify the accuracy of reported premiums
Ensures 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
Identifies 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
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
Collaborates with underwriters and other internal departments to ensure accurate premium calculations
Provides excellent customer service to policyholders by addressing complex audit-related inquiries

Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field or equivalent 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

Premium Audit Specialist – Financial Division

Key skills