Premium Auditor

Frankenmuth Insurance; Raleigh (NC); On-site; USD 65,000 - 90,000; Full time

Job summary

Frankenmuth Insurance in Raleigh, NC is seeking a premium auditor to assess financial and operational characteristics of commercial operations and determine earned premium on coverage and auditable exposures.

Under supervision, you will conduct phone or on-site audits, verify payroll and sales data, ensure proper classing for all lines, and maintain strong relationships with agents and insureds. Candidates with related experience and AIS certification are encouraged to apply.

Qualifications

• Bachelor’s degree or four to six years related experience and/or training; or equivalent combination of education and experience.

Responsibilities

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

Education

Bachelor’s degree (B.A.)

Job description

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

• 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.