Premium Auditor

EMC Insurance Companies

6d • $55,795 - $84,778

About The Position

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together. Ideal candidate will be located in Arizona, Nevada, Montana, Idaho, Washington, or Oregon. Candidates that exceed the minimum qualifications may be considered for a higher level position. Essential Functions: Schedules and completes premium audits with policyholder contacts, either in-person or virtually, to determine accurate final premium for adjustable lines of insurance. Reviews policyholder financial records, including tax returns, payroll records, financial statements, journals, ledgers, and any other aspect of a business necessary to verify loss exposures and premium. Prepares detailed reports of audit findings, including correct loss exposures, classifications, and a detailed description of business operations to assist underwriting with risk assessment and insurance fraud discussions. Ensures audits are completed in accordance with departmental production, quality, and timeliness standards. Serves as a technical resource to both internal and external stakeholders, including agents, policyholders, underwriters, and others. Consults with agents and policyholders regarding the audit process and record-keeping procedures to comport with auditing guidelines and manual rules. Reviews classifications for new business submissions upon request to verify or correct classifications. Promotes the audit function for both internal and external stakeholders and educates agents and policyholders on additional products or services available at EMC. Reviews and resolves audit disputes, and communicates resolutions among agency, policyholder, underwriting, and accounting stakeholders. Stays up to date on industry regulations and best practices to support audit efficiency and effectiveness.

Requirements

• Bachelor’s degree in accounting, finance, insurance, or related business field or equivalent relevant experience
• Strong math and accounting aptitude with attention to detail
• Ability to analyze, research, and resolve audit issues
• Excellent customer service skills
• Strong interpersonal and communication skills
• Ability to work independently as well as with others under minimal supervision
• Ability to manage multiple tasks while meeting deadlines
• Travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving

Nice To Haves

• Knowledge of property and casualty insurance industry and applicable Workers’ Compensation regulations and classifications preferred

Responsibilities

• Schedules and completes premium audits with policyholder contacts, either in-person or virtually, to determine accurate final premium for adjustable lines of insurance.
• Reviews policyholder financial records, including tax returns, payroll records, financial statements, journals, ledgers, and any other aspect of a business necessary to verify loss exposures and premium.
• Prepares detailed reports of audit findings, including correct loss exposures, classifications, and a detailed description of business operations to assist underwriting with risk assessment and insurance fraud discussions.
• Ensures audits are completed in accordance with departmental production, quality, and timeliness standards.
• Serves as a technical resource to both internal and external stakeholders, including agents, policyholders, underwriters, and others.
• Consults with agents and policyholders regarding the audit process and record-keeping procedures to comport with auditing guidelines and manual rules.
• Reviews classifications for new business submissions upon request to verify or correct classifications.
• Promotes the audit function for both internal and external stakeholders and educates agents and policyholders on additional products or services available at EMC.
• Reviews and resolves audit disputes, and communicates resolutions among agency, policyholder, underwriting, and accounting stakeholders.
• Stays up to date on industry regulations and best practices to support audit efficiency and effectiveness.

Benefits

• Outstanding benefits with life, medical, dental, vision and prescription drug coverage
• Competitive paid time off plan and a full day of volunteer time off annually
• Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards
• Professional development and growth opportunities, including tuition reimbursement
• Wellness initiatives to improve team member well-being and reduce health insurance costs
• Flexibility to dress for your day and opportunities for alternative work arrangements

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level