Hybrid Underwriting Audit Specialist

Philadelphia Insurance Companies; North Bailey (NY); Hybrid; USD 70,000 - 78,000; Full time

Benefits offered by this job

Tuition reimbursement

401K match

Volunteer Benefits

Paid Vacation

Medical Benefits

Educational Incentives

Family Friendly Benefits

Investment Incentives

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. This role performs property and casualty policy audits to ensure policies meet state regulations and company policies.

A typical day includes auditing policies, assessing risk quality, compiling results, conducting data analysis, collaborating to implement improvements, and developing training materials for the team.

Qualifications

• 3+ years underwriting experience in a commercial insurance carrier.
• Bachelor's Degree or equivalent work experience.
• Knowledge and understanding of state laws and regulations regarding insurance.
• 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 our 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 them 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 and update guidelines or processes.
• Develop training programs including preparation of training materials and conducting training.

Skills

Excellent communication

Interpersonal skills

Detail oriented

Organizational skills

Team collaboration

Analytical thinking

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. This role performs property and casualty policy audits to ensure policies meet state regulations and company policies.

A typical day includes auditing policies, assessing risk quality, compiling results, conducting data analysis, collaborating to implement improvements, and developing training materials for the team.