Senior Premium Auditor

About the Role

Under minimal supervision, determine the premium base for each risk of assigned accounts by performing remote telephone premium audits of insured’s records. Verify operations performed, ascertain proper classifications, and allocate payroll and appropriate subcontracted amounts in accordance with home state manual rules, state regulations, and company standards. Conduct the most complex physical premium audits, responsible for truing up in excess of $2.5M in premium each year.

This role involves an average inventory EAP of ~$5.4M and an average policy size of $28K.

Responsibilities

• Prioritize and schedule assigned audits using independent judgment.
• Review audit case information and obtain required payroll and premium documentation from policyholders.
• Conduct remote telephone or on-site physical premium audits, including:
  • Audit insured’s payroll records, financial statements, and tax records.
  • Conduct entrance and exit interviews with policyholders to gather information and discuss premium audit results.
  • Visually inspect worksite(s) to validate classifications as appropriate.
  • Analyze and review claims to verify employment, proper classification coding, and proper allocation of payroll.
• Prepare a comprehensive premium audit report in compliance with company policies and standards.
• Report changes in policy information, financial condition, operations, or any fact that may affect the insurability of the policyholder.
• Complete assigned work within established company standards for quality and production.
• Respond to audit questions and disputes in a timely manner.
• Regularly utilize internal systems to complete premium audits.
• Demonstrate expert knowledge of manual rules, state regulations, and company standards and procedures.
• Remain up-to-date with relevant premium audit and insurance industry changes.
• Mentor and train other auditors as assigned.
• Other duties as assigned.

Requirements

• 7+ years of prior experience in workers’ compensation premium audit applying either WCIRB or NCCI rules and regulations or equivalent experience required; Pennsylvania market experience preferred.
• Working knowledge of home state manual rules (WCIRB or NCCI) and applicable state exceptions.
• Valid state driver’s license and acceptable driving record.
• Intermediate computer skills, including ability to use spreadsheets, email, and 10-key by touch.
• Ability to effectively convey complex information to policyholders, agents/brokers, and internal customers using strong written and verbal communication skills.
• Ability to interpret and comprehend a variety of payroll and other financial/business documents.
• Exceptional time management skills to manage workload and related administrative tasks.
• Equivalent combinations of education and experience may be considered.

Qualifications

• Bachelor’s degree in business, accounting, or related field, equivalent experience, or a combination of education and experience required.
• Certifications such as APA or CPCU preferred.

Work Environment

This is a 100% remote (work from home) opportunity open only to candidates currently located in the United States and able to work without sponsorship. Requires a suitable space that provides a private and quiet workplace.

Schedules are set to accommodate the requirements of the position and the needs of the organization and may be adjusted as needed.

May require occasional travel to off-site locations to attend meetings.

Pay

Salary Range: $60,000 - $92,000

Benefits

Comprehensive benefits package available. View details here.

About the Company

EMPLOYERS is a dynamic, fast-growing provider of workers’ compensation insurance and services. Headquartered in Nevada, we attribute our long-standing success to our employees across the United States. Known for quality service and expertise, we provide a positive, challenging work environment that encourages innovation and collaboration.

Our core values—Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment—guide how we do business with clients and treat each other. As “America’s small business insurance specialist,” we offer resources, a solid reputation, and a nationwide presence to enrich your work/life and advance your career.