Premium Auditor I

Liberty Mutual•Chicago, IL

9d•Hybrid

About The Position

Our professional auditors are integral to our company's mission by ensuring the financial integrity of premium development. In this role, you will examine policyholders' operations and financial records to ensure exposures (such as payroll, sales, fixed assets) are accurately calculated within strict insurance guidelines and communicate audit findings through detailed formal reports. As a Premium Auditor, you will work out of your home, when not traveling to policyholders' locations.

Requirements

Ability to work out of your home.
Ability to travel to policyholders' locations.
Ability to examine policyholders' accounting and financial records.
Ability to ensure accurate calculation of earned premium.
Ability to ensure audited exposures are accurately calculated within strict insurance guidelines.
Ability to communicate audit findings through detailed formal reports supported by audit workpapers.
Ability to review appropriate audit documentation and/or company policy systems.
Ability to determine auditable exposures and coverages provided by the policy.
Ability to plan audit strategy.
Ability to investigate policyholder operations to obtain actual exposures.
Ability to verify classifications as they apply to the policy.
Ability to ensure conformity to various state laws and insurance regulations.
Ability to prepare detailed work papers and written correspondence.
Ability to identify issues to be communicated and socialize audit information to appropriate stakeholders.
Ability to schedule audit appointments with policyholders.
Ability to manage workload effectively.
Ability to perform routine administrative tasks such as Time Tracking, Expense Reports, and Mileage Reports.
Ability to assist with complex audits and/or special projects as requested.

Responsibilities

Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks.
Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines.
Communicate audit findings through detailed formal reports supported by audit workpapers.
Review appropriate audit documentation and/or company policy systems, to determine auditable exposures and coverages provided by the policy and plan audit strategy.
Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period.
Prepare detailed work papers and written correspondence in support of audit findings.
Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract.
With minimal oversight, schedule audit appointments with policyholders taking into account priority of assignments, and location within assigned territory.
Exhibit effective workload management skills through efficient time utilization including managing work-in-process and documenting progress for appropriate stakeholders/management.
Perform routine administrative tasks such as: Time Tracking Expense Reports, Mileage Reports, etc.
As requested, assist with complex audits and/or special projects.