Underwriting Audit Specialist - Remote-Eligible

First Insurance Company Of Hawaii; Town of Florida (NY); Hybrid; USD 70,000 - 78,000; Full time

Job summary

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for an Underwriting Audit Specialist. This role performs property and casualty policy audits to ensure regulatory and company policy compliance, with duties spanning data analysis, guideline development, and training.

A typical day includes audits, data-driven risk assessment, and collaboration with underwriting leadership to implement enhanced guidelines and processes.

Qualifications

• 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

Audit

Data analysis

Regulatory compliance

Communication

Education

Bachelor’s degree

Tools

Excel

Job description

Philadelphia Insurance Companies is expanding our Compliance team with nationwide consideration for an Underwriting Audit Specialist. This role performs property and casualty policy audits to ensure regulatory and company policy compliance, with duties spanning data analysis, guideline development, and training.

A typical day includes audits, data-driven risk assessment, and collaboration with underwriting leadership to implement enhanced guidelines and processes.