Underwriting Audit Specialist

Philadelphia Insurance Companies•Roseville, CA

2d•$70,000 - $78,000•Hybrid

About The Position

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. Philadelphia Insurance Companies is expanding our Compliance team with Nationwide consideration for an Underwriting Audit Specialist. Responsible for performing property and casualty policy audits to ensure policies are in compliance with state regulations and in accordance with established company policies and procedures.

Requirements

At least 3+ years’ underwriting experience with a commercial insurance carrier.
Bachelor's Degree and/or equivalent work experience
Knowledge and understanding of state laws and regulations regarding insurance
Ability to gather and interpret information to develop, recommend and implement solutions.
Detail oriented with excellent organizational and planning skills
Ability to work independently and with a team
Excellent communication and interpersonal skills

Responsibilities

Conduct audits on new and renewal property and casualty policies for a wide variety of our niche products as well as ad-hoc big data analytics.
Assessment includes the quality of risk selection, adherence to established underwriting guidelines and procedures, rating accuracy, data integrity and regulatory compliance.
Compilation and distribution of audit results as well as review with Underwriting management.
Data analysis to identify causal factors and to develop action plans for the corresponding business unit.
Collaborate with Underwriting management in the implementation of recommendations including development of new or revisions to existing guidelines and/or processes, technological enhancements and training.
Develop training programs including preparation of training materials and conducting training.