Premium Audit Specialist

Great American Insurance Group; United States; Remote; USD 79,000 - 107,000; Full time

Job summary

Join a leading insurance company as a Premium Audit Specialist, where you will conduct thorough audits of financial records to ensure premium accuracy. This role offers the opportunity to work collaboratively across departments and contribute to strategic decision-making. With a focus on diversity and inclusion, Great American Insurance Group provides a supportive environment for professional growth.

Benefits

Medical, dental, and vision plans

Paid time off (PTO)

Paid holidays

Commuter benefits

Employee stock purchase plan

Education reimbursement

Paid parental leave/adoption assistance

401(k) plan with company match

Qualifications

• 10 years of experience in Premium Audit, Underwriting, Accounting, or Finance.
• Insurance accounting experience preferred.
• Progress toward professional designation preferred (e.g., APA, AU, CPCU, ARM).

Responsibilities

• Conduct audits of insureds' financial records for premium accuracy.
• Analyze complex financial statements and payroll records.
• Prepare and present detailed audit reports to management.

Skills

Analytical skills

Problem-solving skills

Interpersonal skills

Communication skills

Education

Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance

Job description

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

The Financial Division oversees all accounting and financial reporting for American Financial Group and Great American Insurance Group.

Our Financial Division is hiring for a Premium Audit Specialist to join their team! This position can be fully remote depending on the candidate. Candidates local to Cincinnati, OH will work on a hybrid schedule.

Essential Job Functions and Responsibilities

• Conducts thorough audits of insureds financial records to verify the accuracy of reported premiums, ensuring that all calculations are precise and compliant with company policies, industry regulations, and legal requirements.
• Conducts reviews and analysis of complex financial statements, payroll records, and other relevant documents, identifying trends and anomalies that may impact premium accuracy.
• Resolves complex discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments, ensuring that all issues are addressed promptly and effectively.
• Evaluates and determines the applicability of insurance certificates and class codes to specific exposures.
• Analyzes claim activity on policies to ensure that employee coding is consistent and accurate.
• Prepares and presents detailed audit reports to management, providing clear and actionable findings that support strategic decision-making.
• Collaborates with underwriters and other internal departments to ensure accurate premium calculations.
• Provides excellent customer service to policyholders by addressing complex audit-related inquiries and ensuring a positive experience throughout the audit process.
• May monitor and evaluate premium audit practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
• Performs other duties as assigned.

Job Requirements

Education: Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field or equivalent experience. Experience: Generally, 10 years of experience in Premium Audit, Underwriting, Accounting, or Finance. Insurance accounting experience preferred.Continuing progress toward and/or the completion of a professional designation preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM). Scope of Job/Qualifications: Demonstrates advanced technical knowledge across various accounting principles and practices. Works on assignments of high technical and logistical complexity. Demonstrates advanced analytical and problem-solving skills. Maintains knowledge of industry trends, regulations, and best practices to ensure that all audits are conducted in compliance with company policies, industry regulations, and state laws. Demonstrates excellent interpersonal and communication skills, with the ability to work collaboratively in a fast-paced environment and across departments. Serves as a senior resource on the Premium Audit team. Provides technical advice and support to lower-level positions.

Business Unit:

Property & Casualty Finance

Salary Range:

$79,200.00 -$106,800.00

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.