Underwriting Audit Specialist

First Insurance Company Of Hawaii; Roseville (CA); Hybrid; USD 70,000 - 78,000; Full time

Benefits offered by this job

Tuition reimbursement

401K match

Volunteer benefits

Paid vacation

Job summary

Philadelphia Insurance Companies, a member of the Tokio Marine Group, is expanding our Compliance team with Nationwide consideration for an Underwriting Audit Specialist. This role performs property and casualty policy audits to ensure compliance with state regulations and company policies.

A typical day includes auditing new and renewal policies, assessing risk selection, guidelines adherence, rating accuracy, data integrity, and regulatory compliance, with reporting to Underwriting management

Qualifications

• 3+ years underwriting experience with a commercial insurance carrier.
• Bachelor's Degree or equivalent work experience.
• Knowledge 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

Analytical thinking

Communication skills

Education

Bachelor's degree or equivalent

Job description

Description

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.

Philadelphia Insurance Companies is expanding our Compliance team with Nationwide consideration for an Underwriting Audit Specialist.

Summary

Responsible for performing property and casualty policy audits to ensure policies are in compliance with state regulations and in accordance with established company policies and procedures.

A typical day will include the following

• 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.

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

National Range: $70,000.00 - $78,000.00

Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Ultimate salary offered will be based on factors such as applicant experience and geographic location.

We offer a hybrid work model that provides flexibility to work remotely while maintaining meaningful in-office collaboration with your team.

Remote consideration will be given to qualified candidates located outside of the primary geographic region.

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EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc.and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx