Hybrid Underwriting Audit & Compliance Specialist

Philadelphia Insurance Companies; Bridgewater (MA); Hybrid; USD 70,000 - 78,000; Full time

Benefits offered by this job

Hybrid work model

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies, a member of the Tokio Marine Group, 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.

A typical day includes audits, assessment of risk, data analysis and collaboration with management.

Qualifications

• Underwriting experience in commercial insurance is required.
• Bachelor's Degree or equivalent work experience.
• Knowledge of state insurance laws and regulations.
• Ability to interpret information and implement solutions.
• Detail oriented with strong organizational skills.
• Strong written and verbal communication.
• Ability to work both independently and in a team.

Responsibilities

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

Skills

Underwriting experience

Regulatory knowledge

Analytical skills

Communication skills

Detail oriented

Independent work

Team collaboration

Education

Bachelor's Degree or equivalent

Job description

Philadelphia Insurance Companies, a member of the Tokio Marine Group, 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.

A typical day includes audits, assessment of risk, data analysis and collaboration with management.