[Hiring] Premium Audit Specialist @Summit Insurance Group, Inc.

Role Description

This position is a field role in Pennsylvania.

• Conducts thorough audits of insureds financial records to verify the accuracy of reported premiums, ensuring that all calculations are precise and compliant with company policies, industry regulations, and legal requirements.
• Conducts reviews and analysis of complex financial statements, payroll records, and other relevant documents, identifying trends and anomalies that may impact premium accuracy.
• Resolves complex discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments, ensuring that all issues are addressed promptly and effectively.
• Evaluates and determines the applicability of insurance certificates and class codes to specific exposures.
• Analyzes claim activity on policies to ensure that employee coding is consistent and accurate.
• Prepares and presents detailed audit reports to management, providing clear and actionable findings that support strategic decision-making.
• Collaborates with underwriters and other internal departments to ensure accurate premium calculations.
• Provides excellent customer service to policyholders by addressing complex audit-related inquiries and ensuring a positive experience throughout the audit process.
• May monitor and evaluate premium audit practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
• Performs other duties as assigned.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field or equivalent experience.
• Generally, a minimum of 10 years of experience in Premium Audit, Underwriting, Accounting, or Finance. Insurance accounting experience preferred.
• Completion of or continuing progress toward a professional designation preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM).

Requirements

• Demonstrates advanced technical knowledge across various accounting principles and practices.
• Works on assignments of high technical and logistical complexity.
• Demonstrates advanced analytical and problem-solving skills.
• Maintains knowledge of industry trends, regulations, and best practices to ensure that all audits are conducted in compliance with company policies, industry regulations, and state laws.
• Demonstrates excellent interpersonal and communication skills, with the ability to work collaboratively in a fast-paced environment and across departments.
• Serves as a senior resource on the Premium Audit team.
• Provides technical advice and support to lower-level positions.

Benefits

• Competitive benefits packages for full-time and part-time employees.
• Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees enjoy Paid Time Off and paid holidays.
• 401(k) plan with company match.
• Employee stock purchase plan and commuter benefits.