Hybrid Remote Underwriting Audit Specialist

Philadelphia Insurance Companies; Alexandria (VA); Hybrid; USD 70,000 - 78,000; Full time

Benefits offered by this job

Tuition reimbursement

401K match

Medical benefits

Paid vacation

Job summary

Philadelphia Insurance Companies, a member of the Tokio Marine Group, is expanding its Compliance team with nationwide consideration for an Underwriting Audit Specialist. This role audits property and casualty policies to ensure compliance with state regulations and company policies.

A typical day includes auditing new and renewal policies, assessing risk quality, compiling audit results, and developing action plans.

Qualifications

• 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.
• Detail oriented with excellent organizational and planning skills.

Responsibilities

• Conduct audits on new and renewal property and casualty policies for a wide variety of niche products and ad-hoc big data analytics.
• Assess quality of risk selection, adherence to underwriting guidelines, rating accuracy, data integrity and regulatory compliance.
• Compile and distribute audit results and review with Underwriting management.
• Perform data analysis to identify causal factors and develop action plans for the business unit.
• Collaborate with Underwriting management to implement recommendations including guidelines, processes and training.
• Develop training programs including preparation of training materials and conducting training.

Skills

Underwriting experience

Bachelor's degree

Regulatory knowledge

Analytical mindset

Communication skills

Education

Bachelor's degree or equivalent

Job description

Philadelphia Insurance Companies, a member of the Tokio Marine Group, is expanding its Compliance team with nationwide consideration for an Underwriting Audit Specialist. This role audits property and casualty policies to ensure compliance with state regulations and company policies.

A typical day includes auditing new and renewal policies, assessing risk quality, compiling audit results, and developing action plans.