Premium Audit Specialist I

EMC Insurance; Myrtle Point (OR); Remote; USD 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a professional for a remote premium audit position. This role involves coordinating audits, analyzing policyholder financial records, and ensuring compliance with insurance regulations. The ideal candidate will have a degree in a related field and two years of relevant experience. Competitive salary based on location.

Qualifications

• Bachelor’s degree in accounting, finance, insurance or related field or equivalent relevant experience.
• Two years of premium audit or related experience.

Responsibilities

• Serves as a resource and coordinates with team members within their assigned region.
• Researches answers to questions on premium audit rules, guidelines and interpretations.
• Reviews completed audit reports for accuracy and completeness.
• Analyzes audit report details including policyholder financial records.
• Calculates the final earned premium and workers’ compensation dividends.

Job description

Overview

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

This position is fully remote and can be based anywhere in the U.S.

Responsibilities

• Serves as a resource and coordinates with people leader and team members within their assigned region to deliver quality audits, adherence to standards and customer service.

• Researches answers to questions on various premium audit rules, guidelines and interpretations.

• Researches required information and responds to various inquiries from branch underwriters and agents on the outcome of a premium audit.

• Reviews completed physical, phone and mail audit reports in assigned states prepared by internal or vendor auditors for accuracy and completeness in accordance with industry rules and regulations and company policy.

• Analyzes audit report details, including policyholder financial records, such as federal and state quarterly tax returns, payroll records, financial statements and general ledger.

• Verifies proper classifications and endorsements are applicable based upon the type of business operations and line of business.

• Approves or returns an audit to the auditor if the proper information is not provided, incorrect or undocumented.

• Researches required information and coordinates the resolution of audit disputes, which typically challenge the new premium amount, employee classification or exposure calculations.

• Coordinates the resolution of audit disputes. Communicates final decision to underwriters, underwriting managers, agents and premium auditors.

• Defers to higher authority if an accommodation is being requested by the branch after an undesired outcome of an audit dispute.

• Calculates the final earned premium by using the completed audit information and applying the proper manual rules and rates.

• Calculates workers’ compensation dividends in accordance with dividend filings.

• Analyzes policy information to determine the type of audit to be completed.

• Evaluates the type of risk, operations, classifications, exposures, premium and related expense and recommends whether physical, phone, or mail audit should be conducted, or whether an audit should be waived.

Education & Experience

• Bachelor’s degree in accounting, finance, insurance or related field or equivalent relevant experience

• Two years of premium audit or related experience

Knowledge, Skills & Abilities

• Good knowledge of premium audit rules and interpretations

• Good knowledge of the insurance industry

• Ability to analyze, research and resolve audit issues

• Strong verbal and written communication skills

• Ability to work independently

• Strong attention to detail

Compensation

The hiring salary range for this position will vary based on geographic location, falling within either the $27.00-$37.00 range or the $30.00-41.00 range. A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.