Premium Auditor/Sr. Premium Auditor - Mid Atlantic Region

Selective Insurance; Delaware; On-site; USD 63,000 - 108,000; Full time

Benefits offered by this job

Comprehensive health care plans

Retirement savings plan with company match

Tuition assistance and reimbursement programs

20 days of paid time off

Job summary

Selective Insurance is hiring a Premium Auditor/Sr. Premium Auditor for the Mid-Atlantic region. This role involves performing audits on Property/Casualty Commercial Line policies, both in-person and remotely. The auditor will manage and schedule audits, maintain relationships with customers, and ensure compliance with regulations. Candidates should possess a college degree in Insurance, Accounting, or related fields and have at least 3 years’ experience. The position offers a competitive salary ranging from $63,000 to $108,000 annually and includes benefits such as health care and retirement plans.

Qualifications

• Must have valid state-issued driver’s license in good standing.
• 3+ years’ experience as a physical Premium Auditor required.
• Successful completion of Associate in Premium Auditing 91 (APA 91) and 92 (APA 92) is desired.

Responsibilities

• Manage and conduct physical and virtual audits for selected Commercial Lines policies.
• Travel approximately 70-80% of the time to insureds' locations.
• Resolve audit disputes and make necessary changes to audits.

Skills

Effective communication

Microsoft Excel proficiency

Independent work

Customer relationship management

Education

College degree in Insurance, Accounting, Finance or related field

Tools

Automated premium audit work management system

Job description

Overview

Selective Insurance is seeking a Premium Auditor/Sr. Premium Auditor for the Mid-Atlantic region. Under limited supervision and working remotely, this position is responsible for performing audits (in-person and virtually) on Property / Casualty Commercial Line policies, to include workers compensation and general liability, in accordance with company, industry and government rules and regulations to ensure accurate earned premiums, appropriate classifications and exposures. Will perform audits ranging from small accounts to larger complex audits. All job duties must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

• Manage, schedule and conduct physical / virtual audits for selected Commercial Lines policies based on auditable exposures. Review the insured’s business operations, examine and record data from financial / business records, evaluate subcontractor operations, detail exposures according to manual rules, verify claims data, and determine and/or develop premium basis and classification, all in accordance with company, industry and government rules and regulations.
• Manage and schedule territory and inventory to optimize efficiencies, auditor expectations and meet internal and external customer needs. Responsible for automobile travel within territory traveling to insureds. Car travel represents approximately 70-80% of employee’s time.
• Upon audit completion, provide notification to underwriting team of any changes in exposures, business operations, products/services, additional or deleted classifications, locations, entities, new construction, etc.
• Respond to and resolve audit disputes and make appropriate changes to revise audits as needed. Compile pertinent facts related to disputes, documents and communicate the results of the analysis, and prepare amended audits and submit for billing. Resolve test audit disputes for non-National Council on Compensation Insurance (NCCI) states.
• Maintain a positive customer relationship and develop relationships with internal and external customers to provide ongoing technical expertise.
• Utilize automated premium audit work management system, commercial lines automated system and other tools to complete assignments in accordance with established goals.
• Develop, apply, and maintain working knowledge of company premium audit technical policies and procedures and demonstrate an understanding of the property/casualty insurance business.
• Assist or may lead in Premium Audit projects. Prepare and present basic level technical presentations and participate in premium audit training programs to internal and external customers on a variety of Premium Audit topics and issues.
• Serve as a resource, trainer and mentor for Premium Auditors at the direction of the Premium Audit Supervisors.

Qualifications

Knowledge and Requirements

• Remain informed with all insurance manuals, premium audit manuals, handbooks, guides and related materials.
• Ability to effectively communicate and work independently without direct supervision.
• Demonstrate proficiency in usage of computer tools including Microsoft Excel, Internet research applications, etc.
• Able to climb stairs and consistently carry 20 pounds.
• Must be able to travel to insureds’ offices on a daily basis within the assigned territory, or outside of the assigned territory depending on inventory levels, which may require overnight travel (20% travel).
• Must have valid state-issued driver’s license in good standing.

Education And Experience

• College degree in Insurance, Accounting, Finance or related field is preferred.
• 3+ years’ experience as a physical Premium Auditor.
• Carrier experience preferred.
• Successful completion of Associate in Premium Auditing 91 (APA 91) and Associate in Premium Auditing 92 (APA 92) is desired.

Total Rewards

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.

Pay Range

USD $63,000.00 - USD $108,000.00 /Yr.

Additional Information

Selective is an Equal Employment Opportunity employer. That means we respect and value every individual’s unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences – and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.

For Massachusetts Applicants

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.