Premium Audit Consultant

CNA; Iowa (LA); Remote; USD 60,000 - 80,000; Full time

Job summary

CNA is seeking a Premium Audit Consultant to manage premium audits across the Midwest, primarily focusing on Minnesota, South Dakota, North Dakota, and Iowa. This remote position involves conducting audits, requiring strong communication and analytical skills, along with a solid understanding of corporate auditing principles and insurance regulations. Candidates must have a Bachelor's degree in accounting or finance and at least five years of relevant experience.

Qualifications

• Bachelor's degree in accounting or finance or equivalent.
• A minimum of five years related work experience required.
• Experience with ISO, NCCI & Independent Bureau States.

Responsibilities

• Conduct audits and establish proper premium basis on risks.
• Compile and analyze client's operations and accounting records.
• Train less experienced audit staff and provide guidance.

Skills

Auditing practices

Communication skills

Analytical skills

Time management

Organizational skills

Education

Bachelor's Degree in accounting or finance

Tools

Microsoft Office Suite

Accounting systems

Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals.

For a detailed look at CNA’s benefits, check out our Candidate Guide.

The Premium Audit Consultant will handle the Midwest territory, conducting premium audits primarily for Minnesota, South Dakota, North Dakota, and Iowa. This is a work from home position requiring the timely completion of remote/hybrid audits with some business travel within the assigned territory to perform physical audits of Property & Casualty Commercial Lines policies at customers’ premises when required. In this role you will establish the appropriate classifications, basis of premium, and premium exposures in accordance with company policy, ISO, NCCI & Independent Bureaus’ policies and regulations. Experience with ISO, NCCI & Independent Bureau States such as the California WCIRB is required. Excellent verbal and written communication skills are necessary to conduct entrance/exit interviews while conducting audits. Strong organizational, time management and interpersonal skills. Proficient with Microsoft Office and good working knowledge of Excel spreadsheets is a plus.

JOB DESCRIPTION:

Essential Duties & Responsibilities

• Conducts audits of highly complex accounts substantiating accuracy of policy classifications, exposure base inclusions/exclusions, status of subcontractors, subcontractor cost allocations, business and final customer relationship and audits the overall business. Develops proper premium basis on risks adhering to strict time deadlines.
• Conducts interviews with the insured to obtain information regarding the insured's operations and business model to obtain a good working knowledge and analysis of the risk. Determines employee job classifications based on job role and responsibilities and exposure to hazard.
• Compiles and analyzes client's operations and accounting records for accuracy in preparation of audit, including examining and authenticating classifications related data from business records as well as a visual inspection of the insured's business.
• Recognizes and communicates regular and irregular audit findings and financial conditions of an insured to the agent and branch underwriting. Informs corporate investigations and underwriting of questionable operations, including suspected fraud.
• Prioritizes territorial assignment for policy review and audit load.
• Conducts training for less experienced audit staff. Monitors and provides guidance on the accuracy of policy classifications and proper premium basis development.
• Stays up to date on trends and developments within specialty area as well as the insurance industry.
• May assist in the performance of operational audits.

Reporting Relationship: Manager or above

Skills, Knowledge and Abilities:

• Solid knowledge of corporate auditing practices, procedures and principles as well as solid knowledge of the insurance industry, the organization and departmental functions and operations.
• Solid knowledge of statutory and other complex accounting principles, practices and procedures.
• Ability to effectively ask probing questions of insured to ascertain conclusions about the business operations.
• Interacts both tactfully and effectively in difficult situations to properly identify risk, delving and probing further as judgment and situation dictates.
• Solid knowledge of the General Liability, Workers Compensation and Business Auto Liability functions and procedures, including state and regulatory guidelines.
• Excellent project management, organizing and planning skills.
• Must be self-directed.
• Solid analytical and problem solving skills with the ability to effectively resolve issues of a complex nature.
• Solid interpersonal, presentation, verbal and written communication skills with the ability to effectively influence and interact with internal and external business partners.
• Solid knowledge of Microsoft Office Suite, accounting systems and applications, and other business-related software systems.
• Ability and willingness to travel.

Education and Experience:

• Bachelor's Degree, preferably in accounting or finance, or equivalent. Advanced degree or professional designations preferred.
• Experience with ISO, NCCI & Independent Bureau States such as the California WCIRB is required.
• Typically a minimum of five years of related work experience.
• PAAS Certification a plus.

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CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [e-mail].

About Us

At CNA, we are focused on success, individually and collectively. We pride ourselves on promoting a culture that challenges and engages people. We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect.

Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business. These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success.

Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work.

Inclusion at CNA

At CNA, we are committed to advancing a culture of inclusion – one that attracts talent from all walks of life, fosters respect and collaboration, and enables all of our colleagues to do their best work.

Corporate Social Responsibility

At CNA, we have a long standing commitment to the diverse communities in which we live and work. We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow. Corporate Social Responsibility is not one person, or one department, it's the entire enterprise coming together to make the world a better place.