Premium Auditor II/Senior Auditor
Posted on: 5 Mar 2021
Freehold, NJ
Job Description
Our professional auditors are integral to our company's mission by ensuring the financial integrity of premium development. In this role, you will examine policyholders' operations and financial records to ensure exposures (such as payroll, sales, fixed assets) are accurately calculated within strict insurance guidelines and communicate audit findings through detailed formal reports. As a Premium Auditor II/Senior Auditor, you will work out of your home, when not traveling to policyholders' locations.
Responsibilities:
* Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks.
* Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines.
* Communicate audit findings through detailed formal reports supported by audit workpapers.
Please note: Compensation will be based on experience and location.
This position is open to candidates based in central New Jersey.
Qualifications:
* Review appropriate audit documentation and/or company policy systems, to determine auditable exposures and coverages provided by the policy and plan audit strategy.
* Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period.
* Prepare detailed work papers and written correspondence in support of audit findings.
* Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract. Exhibit effective workload management skills through efficient time utilization. This includes scheduling audit appointments taking into account priority and location of assignments within assigned territory managing work-in-process and documenting progress for appropriate stakeholders/management.
* Perform routine administrative tasks such as: Time Tracking, Expense Reports, Mileage Reports, etc.
* As assigned, coordinate assignment of multi-location audits for large risks review location audits to ensure quality and accuracy. Consolidate in proper format for rating purposes. As requested, assist with complex audits, Special Investigative Unit (SIU) related accounts, and/or special projects, including mentoring, presentations, etc.
* As assigned, coordinate assignment of multi-location audits for large risks review location audits to ensure quality and accuracy. Consolidate in proper format for rating purposes. As requested, assist with complex audits, Special Investigative Unit (SIU) related accounts, and/or special projects, including mentoring, presentations, etc.
Liberty Mutual Insurance
Boston, MA
Liberty Mutual Group, Inc., through its subsidiaries, provides insurance products and services for individuals, families, and businesses. It offers personal insurance for private passenger automobiles, homeowners, and other property and casualty insurance products; life insurance and annuities; term and permanent life insurance products and services; and specialty and commercial insurance products, including casualty, marine, construction, energy, directors and officers, trade credit, professional liability, aviation, property, and crisis management.
The company also provides property and casualty insurance products and services that include business owner’s policy and packages, commercial auto insurance, equipment breakdown insurance, excess liability insurance, general liability insurance, inland marine insurance, property insurance, reinsurance, specialty programs, surety bonds, third-party administration, umbrella insurance, employee benefits, and workers compensation insurance.
It serves agriculture, farm, building maintenance, construction, education, energy, financial services, food and beverage manufacturers, healthcare, hospitality, manufacturing, public entities, printing and publishing, real estate, religious organizations, restaurants, retail, transportation, and wholesale industries. In addition, the company provides risk control and claim services.
It offers its products online and through agents worldwide. Liberty Mutual Group, Inc. was incorporated in 1912 and is based in Boston, Massachusetts with additional offices worldwide. It also has operations in Latin America, Europe, and the Asia Pacific. Liberty Mutual Group, Inc. operates as a subsidiary of LMHC Massachusetts Holdings, Inc.
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IndustryInsurance
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No. of Employees50,000
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Jobs Posted903
