Premium Audit-Hybrid

K2 Insurance Services; Louisville (KY); On-site; USD 50,000 - 55,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Disability insurance

Life insurance

401(k) with employer match

Job summary

Midwestern Insurance Alliance (MIA) is seeking a full-time Premium Auditor to join its workers' compensation audit team at its headquarters in Louisville, KY. The position offers medical, dental, vision, disability, and life insurance, plus a 401(k) with employer match.

The Premium Auditor will perform audits of policyholder records, verify classifications, and determine accurate premium amounts while ensuring regulatory compliance. Travel to client sites may be required.

Qualifications

• Experience in workers' compensation auditing or premium audits is advantageous.
• Strong analytical and problem-solving skills are essential.
• Excellent communication with clients and internal teams is required.

Responsibilities

• Conduct detailed audits of policyholders' payroll, financial records, and documents to determine correct premium.
• Review financial statements, payroll records, and tax filings to assess risk and accuracy.
• Verify proper classification codes for job types and ensure correct categorization.
• Identify discrepancies between reported and actual operations and investigate significant differences.
• Communicate with clients to gather documentation and resolve issues identified during audits.
• Prepare audit reports detailing findings and recommended premium adjustments.
• Collaborate with underwriting and claims teams to ensure accurate premium assessments.
• Stay updated on industry regulations and changes affecting workers' compensation premiums.
• Ensure audits are completed within timelines and company policies.

Skills

Auditing

Analytical skills

Client communication

Attention to detail

Travel

MS Office

Accounting software

Tools

Auditing tools

Microsoft Office

Job description

Midwestern Insurance Alliance (MIA) is seeking a full-time Premium Auditor to join its workers' compensation audit team at its headquarters in Louisville, KY.

MIA is a program administrator offering custom-tailored workers' compensation insurance programs through its carrier partners. MIA's acquisition by San Diego-based K2 Insurance Services in 2012. MIA offers the opportunity to join an established company in growth mode. Our benefits package includes medical, dental, vision, disability, and life insurance and 401 (k) with employer match.

Job Summary:

The Premium Auditor performs audits on policyholder records to ensure the proper calculation and collection of workers' compensation insurance premiums. The auditor evaluates the client's payroll, financial records, and operational activities to determine appropriate premium amounts while ensuring compliance with insurance policies and industry regulations.

Key Responsibilities:

• Conduct detailed audits of policyholders' payroll, financial records, and other relevant documentation to determine the correct classification and premium assessment for workers' compensation coverage.
• Review financial statements, payroll records, tax filings, and other business documents to assess risk exposure and ensure accuracy.
• Verify proper classification codes for each job type and ensure businesses are correctly categorized.
• Identify and assess discrepancies between reported information and actual business operations, investigating any significant differences.
• Communicate with clients to gather necessary documentation, answer questions, and resolve any issues identified during the audit process.
• Prepare audit reports detailing findings, discrepancies, and recommended premium adjustments.
• Collaborate with underwriting, claims, and other departments to ensure accurate premium assessments.
• Stay updated with industry trends, insurance regulations, and changes in state or federal laws affecting workers' compensation premiums.
• Ensure audits are completed within specified timelines and in accordance with company policies and regulatory standards.

Required Skills and Qualifications:

• Knowledge of workers' compensation insurance policies and premium calculation methods a plus.
• Strong analytical and problem-solving skills.
• Proficient in using auditing tools, accounting software, and Microsoft Office Suite.
• Attention to detail and accuracy in documentation and reporting.
• Ability to communicate effectively with clients and internal teams.
• Strong organizational skills and the ability to manage multiple audits simultaneously.
• Valid driver's license and ability to travel as needed (some roles may require travel to client sites).

Preferred Skills:

• Experience working with different types of business entities, from small businesses to large corporations.
• Familiarity with industry regulations and compliance standards.
• The position may require travel to client locations to perform audits in person or remote audits as necessary.
• Office-based environment with flexibility for remote work depending on company policies.

Pay range: 50-55k USD per year

Learn more about MIA at www.midwesterninsurance.com and K2 Insurance Services at K2ins.com.