Premium Auditor Job Description
Premium auditor
provides technical guidance and expert advice to other auditors and engagement teams from contracted independent public accounting firms on the interpretation of federal accounting concepts, principles, and practices and the application of government auditing standards as prescribed by the Government Accountability Office on federal financial statement audits and attestation engagements.
Premium Auditor Duties & Responsibilities
To write an effective premium auditor job description, begin by listing detailed duties, responsibilities and expectations. We have included premium auditor job description templates that you can modify and use.
Sample responsibilities for this position include:
Remain informed of changes and current information relative to premium auditing through discussion and correspondence with experts and industry-related literature
Provide direct assistance in resolving state workers compensation bureau "crits'
Keeps current on all class code scopes changes and class code additions made by NCCI and/or state workers compensation boards
Act as the workers compensation class code subject matter expert
Begins to exercise some independent judgment in serving as a resource to commercial underwriting, agents and policyholders the Premium Audit Customer Service and Central Processing units
This role requires at minimum 50% travel
Identify issues to be communicated and socialize the audit information to appropriate stakeholders (Central Processing, Distribution, Underwriting, Agent/Broker, ) to elaborate on current risk conditions or initiate necessary changes to the policy contract
Coordinate assignment of multi-location audits for large, complex risks
May work on special projects and/or complex audits
Act as a primary reviewer for vendor audits by ensuring audit accuracy
Premium Auditor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Premium Auditor
List any licenses or certifications required by the position: APA, PAAS
Education for Premium Auditor
Typically a job would require a certain level of education.
Employers hiring for the premium auditor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business/Administration, Communication, Business, Associates, Education, Conducting, Auditing, Graduate
Skills for Premium Auditor
Desired skills for premium auditor include:
Rules and regulations applicable to jurisdictions and ensures correct and consistent application
Accounting concepts
General Liability
Inland Marine and Automobile
Workers Compensation
Commercial lines products and coverages
Premium auditing
Basic accounting concepts
Basic auditing concepts
Microsoft Office Suite applications
Desired experience for premium auditor includes:
Previous experience a plus with up to a $10,000 new employment bonus opportunity
This role requires a minimum of 50% travel
Must maintain a valid driver’s license for regular travel to customer locations
Bachelors Degree and 5 or more years of experience in the Audit area
Prepares voluntary audits to go out to insureds and monitors the return and completeness of incoming voluntary audits
May perform telephone audits
Premium Auditor Examples
1
Premium Auditor Job Description
Job Description Example
Our innovative and growing company is looking for a premium auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for premium auditor
- Insure that audited exposures (payroll, sales, cost, ) are accurately calculated within insurance manual guidelines
- Perform other premium audit related duties as required
- Conducts interviews with the insured to obtain information regarding the insured's operations and business model to obtain a good working knowledge and analysis of the risk
- Compiles and analyzes client's operations and accounting records for accuracy in preparation of audit, including examining and authenticating classifications related data from business records visual inspection of the insured’s business
- Recognizes and communicates regular and irregular audit findings and financial conditions of an insured to the agent and branch underwriting
- Stays up to date on trends and developments within specialty area the insurance industry
- May assist in the performance of operational audits
- Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, ) to elaborate on current risk conditions or initiate necessary changes to the policy contract
- Exhibit effective workload management skills through efficient time utilization
- As assigned, coordinate assignment of multi-location audits for large risks
Qualifications for premium auditor
- Bachelor's degree, preferably with a business, accounting, or finance
- Bachelor's degree or equivalent in business-related discipline, relevant accounting or premium audit experience a plus
- Ability to independently manage own performance a must as position works virtually
- Premium audit experience is preferred
- A new college graduate could be considered with degree programs listed
- Minimum of 2 years prior premium audit experience
2
Premium Auditor Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of premium auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for premium auditor
- Conducts audit of selected Commercial Lines adjustable policies by reviewing the insured’s business operation, including examining, verifying and recording pertinent classification-related data from financial/business records
- Determine and/or develop premium basis and classification
- Conducts both physical and virtual audits to optimize timeliness and productivity
- Discuss issues and problems with the insured to ensure understanding of the change in premium exposures and to maintain good customer relations
- Develops successful relationships with insureds, agents, marketing and other internal staff by utilizing excellent communication skills
- Ensure quality of the audit through proper risk classification and exposure basis information
- Utilize laptop computer to record audit information and transmit completed audits in a timely manner
- Provide external customers (i.e., agents and insureds) and internal customers (i.e., underwriting, policy processing, claims and accounting) with information to assist in their understanding of audit-related matters, including audit vouchers, procedures and worksheets
- May represent the company in routine court appearances
- May provide guidance to less experienced auditors or train new auditors as necessary
Qualifications for premium auditor
- Bachelor's Degree, preferably in accounting or finance, or equivalent
- Typically a minimum of two years related work experience
- PAAS certification
- Those with less than 3 years may be eligible for our Training program
- Entry Level and Military candidates are encouraged to apply!!
- No Experience Required – We have an EXCELLENT Training Program
3
Premium Auditor Job Description
Job Description Example
Our company is hiring for a premium auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for premium auditor
- Review and approve new workers' compensation class code setup requests
- Maintain documentation to support decisions to change the client employees' class codes or the setup new class codes for the client's use
- Perform all necessary system transactions and approvals
- Work within stated guidelines and procedures to assist with final policy audit premium reconciliation
- Assist in resolving any carrier, client or state classification issues
- Prepare accurate and detailed audit reports document all issues involved in appropriate systems
- Mentor risk audit associates and provide guidance to other business units within authority level
- Develops and performs educational training with TotalSource payroll, Client Acceptance and Risk & Safety
- Provide direct involvement in the sales process by acting as a subject matter expert and assisting client Acceptance in the review and proper class coding of new business
- Develop a close working relationship with Implementation, HRBP, and Payroll Representatives
Qualifications for premium auditor
- Outgoing Personality that enjoys regional travel and meeting new people everyday
- Organized and able to thrive working on your own
- Entry level and military encouraged to apply!
- Bi-Lingual Spanish speaking candidates are encouraged to apply
- Candidates with less than 3 years of Premium Audit experience may be eligible for our Training program
- WE TRAIN ENTRY LEVEL APPLICANTS!!!!!
4
Premium Auditor Job Description
Job Description Example
Our innovative and growing company is looking for a premium auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for premium auditor
- Strong sense of self-motivation, self-discipline, and a willingness to learn
- Military candidates encouraged to apply
- Are you looking for a career path and an education that will not leave you in debt?
- Do you like traveling to meet new people and not having to sell or solicit a product?
- Are you tired of commuting an hour or more a day to sit in a cubicle?
- Do you want to work out of your home office with a schedule that adapts to yourneeds?
Qualifications for premium auditor
- Knowledge of auditing practices, procedures, and principles
- Knowledge of the insurance industry, and interdepartmental functions
- Effectively ask questions of policyholders to draw conclusions about the operations
- Good project management, organizing and planning skills
- Strong analytical and problem solving skills with the ability to effectively resolve issues
- Strong interpersonal, verbal and written communication skills with the ability to interact with internal and external business partners
5
Premium Auditor Job Description
Job Description Example
Our company is growing rapidly and is looking for a premium auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for premium auditor
- Ability to communicate and resolve disputes with individuals at all levels within the organization
- Demonstrates effective written, verbal and interpersonal skills needed to exchange information with people at many different levels in an organization and resolve disputes
- Exhibits proficiency with MS Office software applications (Excel, Word)
- A valid driver's license is required for regular travel to customer locations
- Demonstrates ability to effectively manage own workload and increasingly large, complex tasks
- College degree in Insurance, Accounting, Finance or related field is preferred or related work experience desirable
Qualifications for premium auditor
- Are you looking for better work/life balance?
- Would you like to take control of your earnings potential?
- High School Diploma required, Associates or Bachelor’s degree preferred with a strong preference for business, finance or accounting degree (some accounting courses would be a plus.)
- 3+ Premium Audit experience required
- Those with less than 2 years experience may be eligible for our Training program
- Previous experience as a insurance Premium auditor is a major PLUS!!