Senior Premium Auditor
Raleigh, NC, USA
- Richmond, VA, USA
- Virtual Req #198
Wednesday, December 11, 2024
Come grow with James River Insurance!
James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.
At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles : Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments : Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary
The Senior Premium Auditor completes all assigned premium audits adhering to company standards and industry regulations, with limited to no supervision, for mid-size to large accounts in multiple states. The incumbent will also educate insureds, brokers, and underwriters on audit rules and audit exposures.
Duties and Responsibilities
Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer ServiceComplete virtual and mail premium audits for assigned accounts within established guidelines and best practicesPerform examinations of policyholders accounting and financial records to ensure accurate calculation of earned premium for risks of moderate to high complexityAudit large premium accounts in all industries for multiple lines, including various liabilities and commercial autoFollow all industry, state, and company guidelines in the completion of auditsNotify internal (Underwriting, Actuarial, UW Services, Finance) teams of concerns with assigned accountsResearch, respond to and revise (when appropriate) all disputed auditsRepresent the company as an expert witness during legal disputesSchedule and perform year end audits and cancellation audits on assigned accountsRespond to underwriter, insured and third-party partners requests and questions regarding premium auditsVerify risk classification and class codes of policyholder operationsPrepare and deliver a detailed report of audit resultsInterview external client contacts (i.e., accounting dept at insured; broker; CPA firm of insured; payroll / bookkeeping company of insured; etc.) for required audit documentationCommunicate audit results to internal and external client contactsAdvise management of trends identified in auditsResearch best practices and implement needed process changesMentor and assist in the training and duties of Premium AuditorsAssist in assigning audit inventoryPerform other duties and assignments as directed by department managementKnowledge, Skills and Abilities
Advanced knowledge of general business, insurance, and accounting principlesAdvanced knowledge of insurance premium audit operationsAdvanced knowledge of Excess & Surplus insurance operationsAdvanced knowledge of ISO General Liability rules, manuals, and industry practicesAdvanced knowledge and skilled in NCCI or other State Bureau premium audit rules and regulationsStrong analytical skillsAbility to exercise sound judgement in making critical decisionsAttention to detailExcellent organizational skillsProven ability to provide exceptional customer serviceAbility to work successfully as an individual contributor and in a team environmentAbility to effectively communicate with all levels of the organizationExcellent written and verbal communication skillsProficiency in MS Office (Word, Excel, Outlook)Ability to train and mentor othersAbility to travelExperience and Education
Premium Auditor II
High School diploma requiredAssociate or bachelor's degree in accounting, business administration or related field preferredMinimum of three years of premium auditor experience requiredMinimum of one year experience working with multi-state accounts preferredCertifications (APA, AINS) preferredSenior Premium Auditor
High School diploma requiredAssociate or bachelor's degree in accounting, business administration or related field preferredMinimum of five years of premium auditor experience requiredMinimum of three years' experience working with multi-state accounts preferredCertifications (APA, AINS) preferredAssistant Manager, Premium Audit
Bachelor's degree requiredMaster's degree preferredMinimum five years of progressive experience in finance, audit or accounting roles within the insurance industry, financial services industry, and / or public accounting requiredMinimum of one year experience managing professional or administrative staff preferredCertifications or advanced professional credentials (APA, AINS, CPA, CIA) preferredManager, Premium Audit
Bachelor's degree requiredMaster's degree preferredMinimum five years of progressive experience in finance, audit or accounting roles within the insurance industry, financial services industry, and / or public accounting requiredMinimum two years' experience managing professional or administrative staff preferredCertifications or advanced professional credentials (APA, AINS, CPA, CIA) preferredLI-JB1
LI-Remote
Other details
Job Family FinanceJob Sub Family ServicesPay Type SalaryApply Now
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