Premium Auditor I
- Compensation
- Not disclosed
- Location
- Urbandale, IA, US
- Work setup
- Not specified
- Seniority
- C level
- Employment
- Full time
- Experience
- 3+ years
- Category
- Finance
- Posted
Must have
- Bachelor’s Degree or equivalent plus 3+ years’ performing premium audits or equivalent combination of education and experience.
- Industry related designations a plus.
- Prior premium audit experience and basic knowledge of accounting/bookkeeping and insurance company operations are required.
- Test audit state experience required.
- Knowledge of manual rules for workers’ compensation, general liability, garage and commercial auto.
- Ability to keyboard accurately, respond quickly and professionally to customer inquiries; and organize, prioritize and manage multiple tasks in a fast-paced environment.
- Regularly and consistently demonstrates commitment to company values and guiding principles.
- Proficient with Microsoft Word, Excel, and Outlook.
- It is expected that the employee will correspond with insureds in a remote/virtual environment. The employee will need to communicate effectively with insureds via teleconference.
- Employee should be comfortable with all aspects of conducting virtual meetings including proper etiquette, screen sharing, and use of video cameras.
- Ability to consistently demonstrate the Berkley Core Competencies and Innovation Behaviors.
Full description
Company Details
We provide a foundation of stability and predictability that gives employees the confidence to succeed.
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $15 billion.
Today the Berkley brand comprises 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well positioned for long-term success and future growth.
Berkley Premium Audit Services (BPAS) is an innovative provider of premium audit operations to 21 Berkley companies. If you are looking to join a fast-paced, energetic and passionate team with room for professional growth and development – Berkley may be a great fit for you.
Responsibilities
The Premium Auditor I is responsible for conducting remote premium audits through electronic review methods and virtual interactions with policyholders. This role analyzes payroll, financial, and operational records to accurately determine classifications, exposures, and premium calculations in accordance with applicable regulatory and carrier guidelines. The position requires strong analytical skills, attention to detail, and effective customer communication to deliver timely, high-quality audit results while consistently meeting productivity and service standards.
Key Functions/Duties of Position:
- Reviews information obtained through the administrative process to ensure all records have been submitted and will request any additional information and records from insureds to complete audits.
- Schedules time with insured to review information and conduct audits via telephone and online conference.
- Complies with state regulations and company guidelines, and maintains working knowledge of all insurance manuals, premium audits manuals, and related material.
- Inputs a summary of audit information in Premium Audit Tracking System (PATS) for final Audit Transaction to determine premium adjustment.
- Performs the audits on payroll based and composite exposures.
- Has a strong understanding of ISO and NCCI rules to ensure proper classification and exposure development.
- Refers highly complex issues and problems to Premium Audit Supervisor.
- Works across a larger span of geographical territory, understanding state specific rules and guidelines.