Premium Audit Specialist

4 weeks ago


Clinton, Iowa, United States Penn National Insurance Full time

Penn National Insurance is seeking a skilled Premium Audit Specialist to join our team. This remote position requires up to 20% travel and is ideal for candidates residing in Eastern Pennsylvania, with nearby areas also considered. The successful candidate will have experience in PA workers' comp and a strong understanding of accounting principles and bookkeeping concepts.

The Premium Audit Specialist is responsible for examining and verifying financial records of insureds to determine the correct premium basis amounts for insurance premium charges. This role requires strong analytical skills, attention to detail, and excellent communication skills.

Key Responsibilities:

  • Gather information using email, phone, and Nexus relative to the insured's operation to determine the nature of the entity and applicable insurance exposures.
  • Provide explanation/instruction to insureds as necessary for proper record keeping of insurance exposures, rule applicability, and classification of employees.
  • Utilize discretion, professionalism, ethical conduct, impartiality, and confidentiality while working with insureds and their financial records.
  • Assist with training employees when requested by supervisor, manager, VP, or customers.

Requirements:

  • Bachelor's Degree required, preferably in an Accounting or Business Major; or 5 or more years of relevant experience in a premium audit or accounting position within the property/casualty insurance industry.
  • Continuing education in insurance and premium audit courses, such as APA or CPCU preferred.
  • Minimum of 1 year of experience in property/casualty insurance premium auditing.

Technical/Professional Knowledge:

  • Must possess an in-depth understanding of accounting principles and bookkeeping concepts.
  • Must possess thorough knowledge of insurance coverages and classifications, with working knowledge of Workers' Compensation and ISO General Liability rules, manuals, and industry practices.
  • Excellent interpersonal skills.
  • Excellent oral and written communication skills.
  • Good planning and organizational skills.
  • Good time management skills.
  • Demonstrated practical understanding of a variety of business operations and job functions.
  • Demonstrated analytical skills and attention to detail.
  • Good PC skills with a focus on Microsoft Office Suite.
  • Must be able to work independently with minimal supervision.

Job Requirements:

  • This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment.
  • Must be able to see and effectively use a computer monitor.
  • Must be able to operate a computer, keyboard and applicable printers and other general office equipment.
  • Must be able to access and enter information accurately using automated systems.
  • Must be able to hear and communicate via the telephone and/or monitoring devices to both internal and external clients.
  • Must be able to present information to individuals and groups.
  • Must be able to interpret and apply concepts that may or may not be based upon established guidelines.
  • Must be able to maintain acceptable attendance and adhere to scheduled work hours.
  • Must have a valid driver's license and be able to operate a motor vehicle.


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