Premium Audit Consultant I (Remote)

MEM•St. Louis, MO

4d•$47,200 - $70,800•Remote

About The Position

MEM Insurance is seeking a Premium Audit Consultant I to join their team. This role involves conducting virtual premium audits to verify policyholders’ business records, payroll information, and risk classifications. The consultant will analyze financial documents, apply NCCI guidelines, and produce detailed audit worksheets. Additionally, they will educate policyholders on insurance principles and build strong relationships. This position offers opportunities for growth through training, collaboration, and staying current on industry updates.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or related field (or equivalent experience).
Valid driver’s license required.
1–2 years in premium auditing, accounting, or related insurance functions.

Responsibilities

Perform Virtual Premium Audits: Examine policyholders’ business records thoroughly and on time. Determine proper risk classification, premium basis, and scope of operations to ensure accurate premium adjustments.
Prepare Detailed Audit Worksheets: Collect financial documentation and use audit software to create clear, comprehensive worksheets that reconcile payroll and tax reports.
Research and Apply Guidelines: Utilize NCCI manuals, internal policies, and external resources to ensure correct classifications and compliance with rules.
Identify and Communicate Changes: Document unusual exposures or changes impacting premiums and refer items to Underwriting for clarification.
Manage Audit Workflow: Independently schedule appointments, follow up, and maintain progress reports to track audit status.
Consult with Policyholders: Explain audit results and basic insurance principles, fostering understanding and trust.
Build Relationships: Respond promptly and professionally to internal and external stakeholders, resolving issues effectively.
Professional Development: Stay informed on state determinations, NCCI updates, and participate in corporate training and peer collaboration.