Premium Audit Analyst

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📅  Posted 12 days ago 📍 United States
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Job Description

**This role is remote, within the United States. Candidates must live in and be authorized to work in the United States. Visa sponsorship not available**

The premium audit analyst leads and directs audit process while working in partnership with the insured and underwriting department. Key priorities include analyzing payroll provided by the customer and reviewing/verifying the accuracy of payroll.

Responsibilities and Accountabilities


  • Key priorities include the review of the policyholder’s financial reconciliations, payroll records and claims information.
  • Reconcile payroll records to quarterly and federal tax returns (941’s, 1099’s etc.).
  • Determination of appropriate job classification codes.
  • Responsible for the application of the Basic Workers Compensation Manual Rules.
  • Work closely with the underwriting and marketing department providing updated information/audit result.
  • Work closely with the underwriting and marketing department on questions and audit disputes.
  • Responsible for the relationship management of the audits with the agent of record and insureds.
  • Work in collaboration with the audit supervisor/manager.
  • Responsible for processing workload according to the audit guidelines.
  • Responsible for maintaining a current workload according to audit guidelines.
  • Summarize audit information using industry and governmental rules and regulations.
  • Communicates audit decisions regarding new and renewal policies to agents in a timely and professional manner.
  • Initiates the assistance of the underwriter and or audit supervisor/manager when needed to complete the audit review of a policy.
  • Maintains agency/insureds relationships.
  • relationships.
  • Maintain a high degree of trust through demonstrated personal integrity and ethical behavior.
  • Responsible for maintaining current on industry technical knowledge and skills.
  • Property and Casualty insurance knowledge including workers compensation.
  • Workers compensation audit experience.
  • Need to have an understanding of National Council on Compensation Insurance (NCCI) Rulings, Manual Rules and Labor Code.
  • Knowledge of the Labor Code and NCCI.
  • Knowledge of excel programs, understanding of accounting and workers compensation coverage knowledge for all states.
  • Familiar with the insurance operations for underwriting and marketing.
  • Payroll analysis experience and determination of class code application.
  • Ability to communicate in a professional manner through all means.
  • Documentation of decision processes.
  • Personal planning, organizing, and working to deadlines.
  • Creative/Innovative skills to handle complex audits.
  • Relationship Management for both agents and insureds.
  • Decision making during the audit process.
  • Communication with their internal and external customers.
  • Detail oriented with strong organization and time management skills.
  • Effective communication skills with the ability to present subjects clearly to both technical and non-technical audiences and to interact tactfully and effectively in difficult situations.
  • Strong analytical skills and problem-solving skills.
  • Ability to establish and maintain effective, professional working relationships with supervisor, peers and clients is critical. 
  • Ability to work independently as well as in a team environment. 
  • Skill in use of 10-key calculator. Basic skill using Microsoft Office programs (i.e., Word and Excel).

Service Insurance Companies offers a competitive benefits package, including:

  • Healthcare (medical, dental & vision)
  • Voluntary benefits (life & disability insurance)
  • 401K & profit sharing
  • Generous paid time off & holidays
  • Tuition reimbursement training

  • At least up to 3 years of experience in the insurance industry or closely related discipline.
  • Be able to analyze and compare policyholders’ financial reconciliations, payroll records and claim information.
  • Determine and reconcile appropriate job classification codes.
  • Apply the Basic Manual Rules, Classification to information obtained from audits.
  • Have knowledge of the Labor Code and NCCI.
  • Assist agents, insureds and underwriters on any issues that may come up.