AmTrust Financial Services, Inc.

Premium Audit Specialist

US-OH-Cleveland
Requisition ID
2017-3300
Category
Operations
Position Type
Regular Full-Time

Overview

SUMMARY

Premium auditing is an insurance industry, focusing on premiums, or the price a consumer pays for insurance coverage.

A premium auditor will Investigate, examine, and reports on financial and operational analyzing characteristics to detect any possible fraud and to make sure laws and regulations are being followed so that the audit is completely as accurately as possible.

Responsibilities

ESSENTIAL DUTIES & RESPONSIBILITIES

Responsibilities include the following:

Reviews company records to document and verify classification, operations, locations, and ownership of each named insured.

Investigates and verifies the premium base exposures according to policy contract terms, manual rules, company filings, and procedures.

Provides a written summary of audit information for processors to use to process the audit.

Complies with state regulations and company guidelines, and maintains working knowledge of all insurance manuals, premium audit manuals, and related material.  Consistently remaining current on premium audit related rules and information.

Resolves audited earned premium discrepancies with insureds, agents, underwriting, and collections vendors.

Communicate with insureds and agents through written correspondence and telephone calls to gather information that could be needed for the completion of an audit.

Completing and transmitting audits in a timely manner, a daily quote is required to be met

Make referrals to underwriting on pertinent information found during the review process

Qualifications

JOB REQUIREMENTS

Education and Experience:

Bachelor's degree (B. A.) from four-year College or university; or one to two years related experience and/or training; or equivalent combination

Background in General Liability Insurance Auditing preferred.  

 

 

COMPENTENCIES

To perform the job successfully, an individual should demonstrate the following competencies:

Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.

Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.

Written Communication - Writes clearly and informatively; Able to read and interpret written information.

Judgement - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

Must be self-motivated and well organized, Ability to work independently

Must have strong verbal, written and interpersonal communication skills with the ability to present subject matter clearly to both technical and non-technical audiences.

Solid attention to detail with thoroughness and accuracy in completing work

Ability to achieve and maintain performance standards set by employer

 

REASONING ABILITY

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

 

MATHEMATICAL SKILLS

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

 

COMPUTER SKILLS

To perform this job successfully, an individual should have knowledge of Microsoft Office Suite Word Processing software and a strong command of Excel.

 

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