Program Services Insurance Underwriting Auditor at Trean Corporation Wayzata, MN

Job Description

Job Description

Description:

This position is responsible for underwriting governance and compliance audits with a focus on Workers’ Compensation policies for internal and external offices. This includes pre-audit research of guidelines, LOAs, and prior performance results; testing and analysis of business units’ risk decisions against industry standards and best practices; preparing thorough audit reports with appropriate recommendations; and presenting these findings to underwriting partners.

Executive parties utilize reports for business decisions, requiring strong professional writing skills.

RESPONSIBILITIES:

• Manage the underwriting and regulatory aspects of assigned internal and external underwriting offices.
• Conduct pre-audit planning and research.
• Prioritize and manage an audit schedule of 8 to 12 audits annually, including budgeting for annual travel.
• Conduct effective pre- and post-underwriting performance audit meetings with internal and external underwriting offices, presenting results with constructive feedback and clear action expectations.
• Implement follow-up procedures, systems, and management reports to ensure underwriting compliance with audit findings and recommendations.
• Communicate accurate and concise findings to Executive stakeholders in a professionally written report.
• Collaborate with regulatory and compliance staff on rules for various states.
• Review and work within compliance of each underwriting office’s contract documents.
• Support external underwriting partner relationships.
• Understand industry best practices and corporate profitability goals to ensure audit consistency.
• Contribute and advise leadership teams on underwriting guidelines or expansion initiatives for new and existing programs when requested.
• Continue career development through specialized project assignments, industry training, or conference opportunities.

Requirements:

• 5+ years of Insurance Underwriting experience, with a strong concentration in workers’ compensation preferred.
• Bachelor’s degree required
• Industry designations (ARM, CPCU, CIC or AU) are beneficial.
• Proficient with NCCI, PAAS, or similar resource tools.
• An understanding of workers’ compensation markets and the willingness to learn about new insurance developments, trends, and products.
• Internal or External Audit experience is beneficial.
• Working knowledge of laws and regulations relevant to underwriting standards, processes, and procedures.
• Comprehensive knowledge of underwriting principles and procedures.
• Must have strong organization and analytical skills.
• Professional, verbal, and written communication skills are critical.
• Must be PC proficient, including MS Office Suite;
  Word, Excel, PowerPoint, Access; and telecommunication tools.
• Team-focused mentality with strong interpersonal skills across internal and external relationships.
• Must be able to manage change effectively.
• Ability to travel up to 25%.

CONFIDENTIAL INFORMATION:

All information (written, verbal, electronic, etc.) that an employee encounters while working at the Company is considered confidential. Reference corporate policies, guidelines and applicable laws.

WORKING CONDITIONS

This position is located in a professional office environment. This role routinely uses standard office equipment and requires the physical demands of a normal office position with some light lifting. This is a full-time position with benefits.

DISCLAIMER

This job description is not a contract of employment. It represents the minimum requirements of the job and includes the major responsibilities but not all responsibilities. Trean Corporation will change and update this job description, as necessary.

Any employment with Trean Corporation will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause or advance notice.