Premium Audit Consultant

CNA; Michigan; Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid work

Competitive benefits

Job summary

CNA in Michigan is seeking a seasoned premium auditor to perform audits of complex accounts, establish classifications and premium basis in line with ISO, NCCI and Bureau policies. This role requires traveling to clients' premises within the assigned territory and delivering accurate audit findings.

Ideal candidates have a Bachelor's degree in accounting or finance, strong Excel and Office skills, and a track record of federal/state regulation familiarity.

Qualifications

• Bachelor's degree in accounting or finance required
• 5+ years of related work experience preferred
• Experience with ISO and NCCI or Independent Bureau States preferred

Responsibilities

• Audits complex accounts to verify policy classifications and premium exposures
• Develops proper premium basis adhering to deadlines and policy
• Interviews insureds to gather information on operations and risk
• Determines employee job classifications based on roles and hazards
• Compiles and analyzes client operations and records for audit preparation

Skills

Premium auditing

ISO/NCCI knowledge

Travel willingness

MS Office

Analytical skills

Interpersonal skills

Communication skills

Education

Bachelor's Degree in accounting or finance

Tools

Microsoft Office

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. This position requires 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.

Essential Duties & Responsibilities

• Performs a combination of duties in accordance with departmental guidelines:
• Conducts audits of 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.
• 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 & Abilities

• Strong understanding of premium auditing practices and principles, with an interest in learning more about the insurance industry and how different departments work together.
• Familiarity with standard premium auditing procedures, and a willingness to develop knowledge of more complex practices over time.
• Ability to ask clear questions to insured clients to gather information about their business operations, with support and guidance as needed.
• Willingness to engage in challenging situations and learn how to identify risks, with mentorship and supervision.
• Strong knowledge of General Liability, Workers Compensation, and Business Auto Liability, with a commitment to learning state and regulatory guidelines.
• Ability to work independently on assigned tasks, while seeking help when necessary.
• Apply analytical and problem-solving skills, with support to resolve more complex issues.
• Strong interpersonal, presentation, verbal, and written communication skills, with a focus on building confidence to interact with business partners.
• Familiarity with Microsoft Office Suite Tools and strong premium audit system background with a willingness to learn additional business software.
• Willingness to travel as needed for the role.

Education & 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 #LI-Hybrid #LI-DM1

CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.

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

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. 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. 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.