Premium Auditor / Senior Premium Auditor - Virtual

Responsibilities

• Determine the policyholder's true earned workers' compensation premium.
• Conduct reviews, interviews and audits, on the policyholder’s premises.
• Analyze the policyholder's financial reconciliations to ensure they match.
• Compare the policyholder's payroll records with the estimated or actual payroll reported.
• Determine the appropriate job classification codes for the policyholder's employees by reviewing the workforce and interviewing the policyholder.
• Reconcile the appropriate job classification code with the code reported and adjust premium accordingly.
• Determine scope of operations by reviewing contracts between the policyholder and other entities and applying IRS revenue rulings and workers' compensation statutes and rules to determine whether a true independent contractor relationship exists versus common law employee status.
• Apply the Texas Basic Manual Rules, Classifications and Rates for Workers' Compensation to the information obtained from the audit to determine the proper premium basis.
• Provide professional and technical explanations to policyholders and agents concerning proper classifications as to the policyholder's operations, to include: Communicating information in a highly professional manner both verbally and in writing policyholders, agents and other customers (both internal and external).
• Recommend proper accounting procedures to policyholders.
• Identify potential premium fraud by policyholders and forward fraud referrals to the Special Investigations Department.
• Contribute to the effectiveness of Underwriting and Safety Services by conveying physical, financial and other pertinent information gained or determined by analysis of the policyholder's operations and financial structure.

Qualifications

• Bachelor's degree or equivalent education, training and experience.
• At least two years’ premium audit experience or equivalent education, training and experience for non-senior role and at least four years of premium audit experience for senior role.
• Knowledge of underwriting principles and procedures, the NCCI Basic Manual of rules and Texas labor codes.
• Valid Texas driver’s license.
• Preferred: CPCU or Associate in Premium Audit designation.
• Preferred: Bilingual proficiency in Spanish.

Pay

The base pay range is based on the market evaluation of the job and may include pay for multiple levels. Individual base pay within the range is determined by a variety of factors, including experience, performance, education, and demonstration of skills and competencies required for each role.

Benefits

• Annual performance bonus and merit-based pay increase.
• Lifestyle Savings Account ($1,000 per year).
• Automatic 4% employer contribution to retirement plan.
• 401k plan with 100% employer match up to 6%.
• Student loan repayment matching in 401k plan.
• Three weeks’ time off for vacation.
• Nine paid holidays and two personal days each year.
• Day one health, Rx, vision and dental insurance.
• Life and disability insurance.
• Flexible spending account.
• Pet insurance and pet Rx discounts.
• Free on-site gym, fitness classes, and health and wellness resources.
• Free identity theft protection.
• Free student loan repayment and refinancing consultation.
• Professional development and tuition reimbursement.
• Employee referral bonus.
• Free onsite snacks.