Premium Auditor

AmTrust Financial Services Inc.; United States; On-site; USD 60,000 - 70,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services Inc. seeks a Premium Auditor to perform virtual audits of varying complexity, ensuring the accuracy of risk calculations for Workers Compensation and General Liability policies.

The ideal candidate will have a Bachelor's degree in Accounting, Finance, or a related field, along with excellent communication skills and proficiency in Microsoft Office. Competitive compensation and benefits include medical and dental plans, 401k savings plans, and more.

Qualifications

• Bachelor’s Degree in Accounting, Finance, Business, or related discipline or equivalent experience.
• Demonstrated proficiency with Microsoft Office Suite.
• Ability to effectively multi-task and work in a fast-paced, team-oriented environment.

Responsibilities

• Perform virtual audits on Workers Compensation and General Liability policies under limited supervision.
• Validate that the correct classes are applied according to regulations by reviewing records.
• Identify and correct policy-rating issues discovered during audits.
• Provide excellent customer service throughout the life cycle of the premium audit function.

Skills

Excellent written communication skills

Excellent verbal communication skills

Customer service skills

Organizational skills

Analytical skills

Education

Bachelor’s Degree in Accounting, Finance, Business, or related discipline

1 or more years of premium audit experience

Tools

Microsoft Office Suite

Job description

Overview

The Premium Auditor performs virtual audits of varying complexity ensuring the accuracy of earned premium risk calculations. Responsible for handling of audits of all size and complexity. Investigates and verifies the premium base exposures according to policy contract terms, manual rules, company filings, and procedures. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

Responsibilities

• Demonstrates proficient knowledge and skill in performing virtual audits on Workers Compensation and General Liability policies under limited supervision. Examines records to ensure that calculations of earned premium for risks are accurate.

• Validates that the correct classes are applied and are in accordance with governing regulatory agencies and/or independent state bureaus and company procedures by reviewing financial records and other relevant materials.

• Identifies, researches, and corrects policy-rating issues discovered during the audit process. Works to resolve audit discrepancies and disputes.

• Performs other value add services including new business service calls, scheduled check-ins with account personnel.

• Reviews results of audits with producers, underwriters, insured’s, and Premium Audit leadership.

• Provides excellent customer service to both internal and external customers throughout the life cycle of the premium audit function.

• Keeps current with manual rules, market trends and demands.

• Performs other functionally related duties as assigned.

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

Qualifications

Required:

• Bachelor’s Degree in Accounting, Finance, Business, or related discipline OR equivalent experience
• Excellent written, verbal, and interpersonal communication skills
• Demonstrated proficiency with Microsoft Office Suite
• Strong organizational, analytical, customer service and interpretive skills.
• Ability to effectively multi-task and work in a fast-paced, team-oriented environment

Preferred:

• 1 or more years of premium audit experience
• Associates in Premium Audit Program (APA) certification preferred OR working towards APA certification

The salary range for this role is $60K - $70K a year.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.