Underwriting Audit & Compliance Analyst

Philadelphia Insurance Companies; Ewing Township (NJ); Hybrid; USD 70,000 - 78,000; Full time

Benefits offered by this job

Hybrid work model

Remote work consideration

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies, part of the Tokio Marine Group, is seeking an Underwriting Audit Specialist to support our Compliance team with nationwide consideration. The role involves auditing property/casualty policies to ensure regulatory compliance and adherence to guidelines.

A typical day includes auditing policies, reviewing risk selections, and compiling audit results for management. Hybrid work with possible remote consideration is available.

Qualifications

• At least 3+ years’ underwriting experience with a commercial insurance carrier.
• Bachelor's Degree and/or equivalent work experience.
• Knowledge and understanding of state laws and regulations regarding insurance.
• Ability to gather and interpret information to develop, recommend and implement solutions.
• Detail oriented with excellent organizational and planning skills.
• Ability to work independently and with a team.
• Excellent communication and interpersonal skills.

Responsibilities

• Conduct audits on new and renewal property and casualty policies for a wide variety of our niche products as well as ad-hoc big data analytics.
• Assessment includes the quality of risk selection, adherence to established underwriting guidelines and procedures, rating accuracy, data integrity and regulatory compliance.
• Compilation and distribution of audit results as well as review with Underwriting management.
• Data analysis to identify causal factors and to develop action plans for the corresponding business unit.
• Collaborate with Underwriting management in the implementation of recommendations including development of new or revisions to existing guidelines and/or processes, technological enhancements and training.
• Develop training programs including preparation of training materials and conducting training.

Skills

Underwriting experience

Communication skills

Organizational skills

Teamwork

Independent work

Education

Bachelor's degree or equivalent

Job description

Philadelphia Insurance Companies, part of the Tokio Marine Group, is seeking an Underwriting Audit Specialist to support our Compliance team with nationwide consideration. The role involves auditing property/casualty policies to ensure regulatory compliance and adherence to guidelines.

A typical day includes auditing policies, reviewing risk selections, and compiling audit results for management. Hybrid work with possible remote consideration is available.