Premium Auditor I

Berkley; Philadelphia (Philadelphia County); On-site; USD 70,000 - 85,000; Full time

Benefits offered by this job

Competitive compensation package

Robust benefits

Job summary

Berkley is seeking a Premium Auditor I to conduct remote premium audits using electronic reviews and virtual meetings with insureds. You will analyze payroll and financial records to determine classifications and premium calculations, ensuring compliance with state regulations and carrier guidelines.

The role requires a Bachelor’s degree or equivalent plus 3+ years of audit experience, knowledge of ISO/NCCI rules, and proficiency with MS Word/Excel/Outlook.

Qualifications

• Bachelor's Degree or equivalent plus 3+ years' performing premium audits or equivalent combination of education and experience.
• Industry designations a plus.
• Prior premium audit experience and basic knowledge of accounting/bookkeeping and insurance company operations are required.
• Test audit state experience required.
• Knowledge of manual rules for workers' compensation, general liability, garage and commercial auto.
• Proficient with Microsoft Word, Excel, and Outlook.
• Remote/virtual correspondence with insureds via teleconference.

Responsibilities

• Conduct remote premium audits through electronic review methods and virtual interactions with policyholders.
• Analyze payroll, financial, and operational records to determine classifications, exposures, and premium calculations.
• Maintain knowledge of state regulations and company guidelines; reference insurance manuals and premium audits materials.
• Input audit summaries into Premium Audit Tracking System (PATS) for final audit transactions.
• Perform payroll-based and exposure-based audits; ensure proper classification and exposure development.
• Collaborate with Premium Audit Supervisor for complex issues; cover a wide geographical area while following state rules.

Skills

Analytical skills

Customer communication

Attention to detail

Time management

Education

Bachelor's degree or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Company Details

We provide a foundation of stability and predictability that gives employees the confidence to succeed.Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.Along the way, we've been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $15 billion.Today the Berkley brand comprises 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well positioned for long-term success and future growth.Berkley Premium Audit Services (BPAS) is an innovative provider of premium audit operations to 21 Berkley companies. If you are looking to join a fast-paced, energetic and passionate team with room for professional growth and development - Berkley may be a great fit for you.

Responsibilities

The Premium Auditor I is responsible for conducting remote premium audits through electronic review methods and virtual interactions with policyholders. This role analyzes payroll, financial, and operational records to accurately determine classifications, exposures, and premium calculations in accordance with applicable regulatory and carrier guidelines. The position requires strong analytical skills, attention to detail, and effective customer communication to deliver timely, high-quality audit results while consistently meeting productivity and service standards.

Key Functions/Duties of Position

• Reviews information obtained through the administrative process to ensure all records have been submitted and will request any additional information and records from insureds to complete audits.
• Schedules time with insured to review information and conduct audits via telephone and online conference.
• Complies with state regulations and company guidelines, and maintains working knowledge of all insurance manuals, premium audits manuals, and related material.
• Inputs a summary of audit information in Premium Audit Tracking System (PATS) for final Audit Transaction to determine premium adjustment.
• Performs the audits on payroll based and composite exposures.
• Has a strong understanding of ISO and NCCI rules to ensure proper classification and exposure development.
• Refers highly complex issues and problems to Premium Audit Supervisor.
• Works across a larger span of geographical territory, understanding state specific rules and guidelines.
• Performs other duties as assigned.

Qualifications

• Bachelor's Degree or equivalent plus 3+ years' performing premium audits or equivalent combination of education and experience.
• Industry related designations a plus.
• Prior premium audit experience and basic knowledge of accounting/bookkeeping and insurance company operations are required.
• Test audit state experience required.
• Knowledge of manual rules for workers' compensation, general liability, garage and commercial auto.
• Ability to keyboard accurately, respond quickly and professionally to customer inquiries; and organize, prioritize and manage multiple tasks in a fast-paced environment.
• Regularly and consistently demonstrates commitment to company values and guiding principles.
• Proficient with Microsoft Word, Excel, and Outlook.
• It is expected that the employee will correspond with insureds in a remote/virtual environment. The employee will need to communicate effectively with insureds via teleconference.
• Employee should be comfortable with all aspects of conducting virtual meetings including proper etiquette, screen sharing, and use of video cameras.
• Ability to consistently demonstrate the Berkley Core Competencies and Innovation Behaviors.

Additional Company Details

The Company is an equal employment opportunity employer.

• The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

We do not accept unsolicited resumes from third party recruiting agencies or firms.

Sponsorship Details

Sponsorship not Offered for this Role