Premium Audit Specialist at American Family Insurance Group

Texas, United States

Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Bachelor’s degree is required
5 years of premium audit or accounting experience in the insurance industry is required
Workers' Compensation or Property & Casualty lines experience is preferred
Continuing progress toward and/or the completion of a professional designation is preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM)
Demonstrates advanced technical knowledge across various accounting principles and practices
Demonstrates advanced analytical and problem-solving skills
Maintains knowledge of industry trends, regulations, and best practices
Demonstrates excellent interpersonal and communication skills
Physical Requirements: Sedentary - Requires prolonged sitting, continuous use of computer. Occasional Travel - Requires occasional travel to departmental meetings and training sessions. May also include occasional travel to in-house audits based on candidate location

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
Reviews class codes applicability per manual rules
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
Performs other duties as assigned