Underwriting Audit Specialist — Hybrid/Remote

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

Benefits offered by this job

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for an Underwriting Audit Specialist. Responsible for performing 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, compiling results, and collaborating with underwriting management to implement improvements.

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

Communication

Attention to detail

Teamwork

Education

Bachelor's degree or equivalent

Tools

Data analysis

Training development

Job description

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for an Underwriting Audit Specialist. Responsible for performing 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, compiling results, and collaborating with underwriting management to implement improvements.