Premium Auditor

Frankenmuth Insurance Company; North Carolina; Hybrid; USD 60,000 - 90,000; Full time

Job summary

Frankenmuth Insurance Company seeks a Premium Audit professional to determine earned premium on commercial policies by reviewing payrolls, sales figures, and policy terms. You will verify classifications and premium bases, while maintaining communication with agents and clients.

Ideal candidates hold a Bachelor's degree and AIS certification or equivalent; 4–6 years of related experience is preferred. This role offers opportunities to mentor junior staff and handle diverse audit tasks.

Qualifications

• Bachelor’s degree or equivalent experience required.
• 4–6 years of related audit experience preferred.
• Strong data analysis and communication skills.

Responsibilities

• Conduct phone and/or physical premium audits to verify payroll and sales figures.
• Ensure insured is properly classed for all lines of business audited.
• Investigate and verify premium bases according to policy terms and manuals.
• Develop and maintain relationships with agents, insureds and coworkers.
• Research and update procedures to ensure consistency in the audit process.
• Provide leadership to junior staff where applicable.
• Perform other duties as assigned.

Education

Bachelor’s degree (B.A.) or equivalent experience

4–6 years related experience

Tools

AIS Certificate

Job description

*Preference is that candidates reside within the state of Tennessee, North Carolina or Georgia

Summary:

Under general supervision and with independent judgment investigate, examine, and report on financial and operational characteristics of commercial business operations to determine earned premium on coverage and other auditable exposures by performing the following duties.

Essential Duties and Responsibilities:

• Conduct phone and/or physical premium audits to ensure that the payroll and sales figures of insured are accurately tabulated against the policy estimates for premium determination.
• Demonstrate that the insured is classed appropriately for all lines of business being audited.
• Investigate and verify the premium base exposures according to policy contract terms, manual rules, company filings, and procedures; knows and selects best audit options for insured.
• Build and maintain working relationships with agents, insureds, and coworkers; request information, answer questions by telephone, email and written communication.
• Research, develop, and update procedures by compiling and entering data for reviews/reports and systems to ensure consistency within the audit process.
• May provide leadership to junior staff through guidance and training.
• Perform other duties as assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

Level 5: Bachelor’s degree (B.A.) from four-year college or university; or four to six years related experience and/or training; or equivalent combination of education and experience.

Certificates, Designations and Licenses:

General Insurance Certificate/ Associate in Insurance Service (AIS)

Valid Driver’s License

A minimum requirement for this position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.