Senior Premium Auditor

Arch Insurance Group Inc.

7d • Hybrid

About The Position

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: Conducts premium audits (both Physical & Virtual) for all lines of coverage across all business units of moderate to difficult complexity. Handling of audit disputes received from insured/agents/brokers. Ensures compliance and regulatory standards are maintained. A desire to learn about all of the Arch specific business units and intricacies of these policies and the related exposures is expected. Must possess the ability to read and interpret the coverages audited (Workers Compensation, General Liability, and Commercial Auto). May be asked to mentor a less experienced auditor.

Requirements

• Minimum of 5 years prior premium audit experience
• Collaborative and team oriented
• Customer focused with attention to detail
• Self-directed showing personal accountability and a sense of urgency
• Strong communication and organizational skills
• Current driving license with good driving record & ability to travel
• Ability to multi-task and prioritize a heavy workload to meet agreed upon expectations
• Strong computer skills including the Microsoft Office Suite (Word, Excel)
• Bachelor’s degree preferred. Concentration in Accounting, Finance or a related field is necessary.
• 5-10 years of premium auditing experience at either an insurance carrier or a premium audit vendor.

Responsibilities

• Arranging premium audit appointments with insureds and/or brokers.
• Reading policies to determine exposure basis for each policy.
• Communicate with insureds, Program Administrators, agents/producers, and underwriters as required for the information necessary to complete accurate audits and securing that documentation from those parties.
• Perform examination of policyholders' payroll, accounting and financial records to insure accurate calculation of earned premium for customers.
• Analyzes existing data, ISO rules, industry and statutory materials, and claims.
• Actively working in the NEXUS premium audit system to pick up and complete assigned audits. As well as working in the Nexus Management tool to research issues, manage workloads and keep audit statuses up to date.
• Reviews changes in exposure such as alterations of the operations, products or services, additional or deleted classifications, new construction, additional locations, etc., and communicates this information to the underwriter.
• Direct interaction with Program Administrators, Brokers & Underwriting team to answer questions about the audit process or results.
• Responds to and resolves audit disputes and makes appropriate changes to revise audits as needed.
• Compiles pertinent facts related to disputes, documents and communicates the results of the analysis, and prepares amended audits and submits for billing.
• Perform other premium audit related duties as required or requested by management.
• Mentoring or training of less experienced auditors as needed.

Benefits

• multiple medical plans plus dental, vision and prescription drug coverage
• a competitive 401k with generous matching
• PTO beginning at 20 days per year
• up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
• basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care

What This Job Offers

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