Premium Auditor​/Sr. Premium Auditor - Mid Atlantic Region

Overview

Selective Insurance is seeking a Premium Auditor/Sr. Premium Auditor for the Mid-Atlantic region. Under limited supervision and working remotely, this position is responsible for performing audits (in-person and virtually) on Property / Casualty Commercial Line policies, to include workers compensation and general liability, in accordance with company, industry and government rules and regulations to ensure accurate earned premiums, appropriate classifications and exposures.

Will perform audits ranging from small accounts to larger complex audits. All job duties must be carried out in compliance with applicable legal and regulatory requirements.

• Manage, schedule and conduct physical / virtual audits for selected Commercial Lines policies based on auditable exposures. Review the insured’s business operations, examine and record data from financial / business records, evaluate subcontractor operations, detail exposures according to manual rules, verify claims data, and determine and/or develop premium basis and classification, all in accordance with company, industry and government rules and regulations.
• Manage and schedule territory and inventory to optimize efficiencies, auditor expectations and meet internal and external customer needs. Responsible for automobile travel within territory traveling to insureds. Car travel represents approximately 70-80% of employee’s time.
• Upon audit completion, provide notification to underwriting team of any changes in exposures, business operations, products/services, additional or deleted classifications, locations, entities, new construction, etc.
• Respond to and resolve audit disputes and make appropriate changes to revise audits as needed. Compile pertinent facts related to disputes, documents and communicate the results of the analysis, and prepare amended audits and submit for billing. Resolve test audit disputes for non-National Council on Compensation Insurance (NCCI) states.
• Maintain a positive customer relationship and develop relationships with internal and external customers to provide ongoing technical expertise.
• Utilize automated premium audit work management system, commercial lines automated system and other tools to complete assignments in accordance with established goals.
• Develop, apply, and maintain working knowledge of company premium audit technical policies and procedures and demonstrate an understanding of the property/casualty insurance business.
• Assist or may lead in Premium Audit projects. Prepare and present basic level technical presentations and participate in premium audit training programs to internal and external customers on a variety of Premium Audit topics and issues.
• Serve as a resource, trainer and mentor for Premium Auditors at the direction of the Premium Audit Supervisors.

• Remain informed with all insurance manuals, premium audit manuals, handbooks, guides and related materials.
• Ability to effectively communicate and work independently without direct supervision.
• Demonstrate proficiency in usage of computer tools including Microsoft Excel, Internet research applications, etc.
• Able to climb stairs and consistently carry 20 pounds.
• Must be able to travel to insureds’ offices on a daily basis within the assigned territory, or outside of the assigned territory depending on inventory levels, which may require overnight travel (20% travel).
• Must have valid state-issued driver’s license in good standing.

• College degree in Insurance, Accounting, Finance or related field is preferred.
• 3+ years’ experience as a physical Premium Auditor.
• Carrier experience preferred.
• Successful completion of Associate in Premium Auditing 91 (APA 91) and Associate in Premium Auditing 92 (APA 92) is desired.

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans,…