Underwriting Audit Supervisor

About the role

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. Philadelphia Insurance Companies is expanding our Compliance team with Nationwide consideration for an Underwriting Audit Supervisor.

Responsibilities

• Audit Leadership
  • Oversee the Company's underwriting audit program.
  • Assist in developing annual audit plans, priorities, and audit methodologies.
  • Ensure audits are performed in accordance with departmental standards and established procedures.
  • Manage workload distribution and quality control for audit personnel.
  • Monitor departmental productivity, audit completion rates, and reporting timelines.
• Underwriting Compliance Oversight
  • Evaluate underwriting files for compliance with company underwriting guidelines, regulatory requirements, authority levels, and documentation standards.
  • Identify operational, regulatory, and underwriting risks through analysis of audit findings.
  • Ensure consistency in audit scoring, findings, recommendations, and reporting.
  • Maintain awareness of changing insurance regulations and underwriting practices impacting audit requirements.
• Reporting and Analysis
  • Analyze audit results to identify trends, recurring issues, best practices, and opportunities for improvement.
  • Develop executive-level reports, dashboards, and performance metrics.
  • Present audit findings and recommendations to Underwriting Leadership, Compliance Leadership, and Executive Management.
  • Monitor corrective action implementation and measure effectiveness over time.
• Corrective Action and Process Improvement
  • Partner with Underwriting Management to develop corrective action plans resulting from audit findings.
  • Track remediation efforts and verify completion of corrective actions.
  • Recommend process improvements, procedural enhancements, and operational efficiencies.
  • Lead special projects designed to improve underwriting quality and consistency.
• Training and Development
  • Identify training opportunities based on audit results and compliance trends.
  • Collaborate with Training and Underwriting Management to develop educational materials and targeted learning initiatives.
  • Mentor and develop audit staff through coaching, performance feedback, and professional development planning.
  • Promote knowledge sharing and best practices throughout the organization.
• Staff Management
  • Train, develop, and retain underwriting audit personnel.
  • Establish departmental goals, objectives, and performance standards.
  • Conduct employee performance reviews and career development discussions.
  • Foster a collaborative and professional work environment focused on accountability and continuous improvement.

Qualifications

• Education

  Bachelor's Degree in Business Administration, Insurance, Risk Management, Finance, Accounting, or related field required.

• Experience
  • Minimum 7-10 years of commercial underwriting, underwriting compliance, quality assurance, auditing, or related insurance experience.
  • Minimum 3 years of leadership, supervisory, or management experience preferred.
  • Experience conducting underwriting file reviews and compliance assessments.
  • Experience presenting results to senior leadership and managing corrective action initiatives.
• Professional Designations

  Preferred CPCU / AU / AINS / ARM / Other relevant insurance or compliance-related designations

Pay

National Range $102,200.00 - $114,200.00. Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Schedule

We offer a hybrid work model that provides flexibility to work remotely while maintaining meaningful in-office collaboration with your team. Remote consideration will be given to qualified candidates located outside of the primary geographic region.

Benefits

• Comprehensive benefit package, which includes tuition reimbursement and a generous 401K match.
• Volunteer Benefits
• Paid Vacation
• Medical Benefits
• Educational Incentives
• Family Friendly Benefits
• Investment Incentives