Premium Auditor (Remote)

Arch Insurance Group Inc.; Minnesota; Remote; USD 81,000 - 111,000; Full time

Job summary

Arch Insurance Group Inc. is seeking a remote Premium Auditor to conduct premium audits on accounts. This entry-level role requires strong communication skills and attention to detail. Candidates with a degree in accounting or finance and some experience in premium auditing are preferred. Successful applicants will ensure accurate calculations and resolve audit disputes while working collaboratively with various stakeholders.

Qualifications

• Bachelor’s degree in Accounting, Finance or related field preferred.
• Prior premium audit experience preferred.
• Ability to travel with a current driving license.

Responsibilities

• Conduct premium audits (Physical & Virtual) on accounts.
• Arrange premium audit appointments and ensure accurate calculations.
• Resolve audit disputes and communicate findings.

Skills

Communication

Self-directed

Attention to detail

Organizational skills

Customer focused

Education

Bachelor’s degree (preferred)

Tools

Microsoft Office Suite

Job description

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With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Position Summary:

Conducts premium audits (both Physical & Virtual) on accounts written by any business unit of simple to moderate complexity. Handling of audit disputes is also contemplated in the role. This is an entry level role, however some insurance or premium audit experience would be beneficial. A desire to learn about all of the Arch specific business units and intricacies of these policies and the related exposures is expected. Must possess the ability to read and interpret the coverages (Workers Compensation, General Liability, and Commercial Auto).

Responsibilities and Accountabilities:

• Arranging premium audit appointments with insureds and/or brokers.
• Reading policies to determine exposure basis for each policy.
• Communicate with insureds, Program Administrators, agents/producers, and underwriters as required for the information necessary to complete accurate audits and securing that documentation from those parties.
• Perform examination of policyholders' payroll, accounting and financial records to insure accurate calculation of earned premium for customers. Analyzes existing data, ISO rules, industry and statutory materials, and claims.
• Actively working in the NEXUS premium audit system to pick up and complete assigned audits. As well as working in the Nexus Management tool to research issues, manage workloads and keep audit statuses up to date.
• Reviews changes in exposure such as alterations of the operations, products or services, additional or deleted classifications, new construction, additional locations, etc., and communicates this information to the underwriter.
• Direct interaction with Program Administrators, Brokers, Agents & Underwriting team to answer questions about the audit process or results.
• Responds to and resolves audit disputes and makes appropriate changes to revise audits as needed. Compiles pertinent facts related to disputes, documents and communicates the results of the analysis, and prepares amended audits and submits for billing.
• Perform other premium audit related duties as required or requested by management.
  
  

Required Skills and Abilities:

• Prior premium audit experience preferred
• Collaborative and team oriented
• Customer focused with attention to detail
• Self-directed showing personal accountability and a sense of urgency
• Strong communication and organizational skills
• Ability to work independently
• Current driving license with good driving record & ability to travel
• Ability to multi-task and prioritize a heavy workload to meet agreed upon expectations
• Strong computer skills including the Microsoft Office Suite (Word, Excel)
  
  

Education and Experience:

• Bachelor’s degree preferred. Concentration in Accounting, Finance or a related field is necessary.
• Premium Auditing experience at either an insurance carrier or a premium audit vendor is preferred.
  
  

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$81,498 - $110,262/Year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
  
  

Click here to learn more on available benefits.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Insurance

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