Senior Premium Auditor

2 weeks ago


Minneapolis, Minnesota, United States Cincinnati Insurance Company, Inc. Full time

Elevate Your Career in the Insurance Sector

At Cincinnati Insurance Company, we prioritize our people and adhere to the principles of integrity in our daily practices. We are in search of exceptional individuals to become part of our skilled workforce. Our dedicated, ethical, and knowledgeable associates embody our mission to be the premier company serving independent agents. We strive to safeguard families and businesses as they navigate the challenges of loss prevention and recovery. Contribute your expertise to help us achieve ongoing success while delivering value to the communities we serve, demonstrating that Actions Speak Louder in Person.

Chart Your Path with Us

The Premium Audit Division of Cincinnati Insurance Company is actively seeking a premium auditor to cover our designated territory. This role involves auditing property and casualty commercial lines policies to determine suitable classifications, exposures, and premium bases. You will be responsible for developing earned premiums in compliance with corporate, industry, and governmental regulations.

Residency Requirement: Candidates must reside within the designated territory.

Compensation: The salary range for this position is $70,000 - $95,000 annually. Compensation is determined based on the applicant's education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on both company and individual performance.

Additional Benefits Include:

  • Company vehicle
  • Company stock options, including Restricted Share Units and Incentive-based stock options
  • Paid time off (PTO)
  • 401K plan with a 6% company match

Key Responsibilities:

  • Travel to clients' commercial locations to conduct audits
  • Establish earned premiums in accordance with corporate, industry, and governmental regulations
  • Verify premium bases by reviewing ledgers, state or federal quarterly records, financial statements, and other accounting documents
  • Investigate and determine correct policy classifications through personal interviews and physical inspections of the insured's premises
  • Document changes in the insured's operations
  • Prepare and submit comprehensive reports within established timelines
  • Engage with agents and associates to communicate and support audit findings

Qualifications:

Essential Skills:

  • Proven ability to work independently
  • Strong organizational capabilities
  • Effective communication skills
  • Solid analytical abilities
  • Comprehensive knowledge of the property and casualty sector and its products
  • Experience in underwriting
  • Proficient automation skills

Preferred Qualifications:

  • Degree in insurance, accounting, or a related field
  • Industry designations such as APA or CPCU

Mandatory Experience:

  • Experience in insurance and/or auditing

Enhance Your Skills

Delivering exceptional service and fostering strong relationships with our independent agents are fundamental principles of our organization. Whether you come from another carrier or are new to the insurance field, we encourage a lifelong learning approach. Cincinnati provides the resources and training necessary for you to succeed and become a trusted, respected insurance professional while enjoying a fulfilling career.

Enjoy Comprehensive Benefits

Your dedication to providing excellent service, sharing best practices, and creating impactful solutions is valued. To enhance the well-being and satisfaction of our associates, we offer a diverse range of benefits and amenities. Discover more about our benefits and amenities packages.

Commitment to Diversity

As a relationship-driven organization, we embrace and appreciate a diverse workforce. We are committed to providing equal employment opportunities to all qualified individuals without regard to race, creed, color, sex (including sexual orientation, gender identity, and transgender status), religion, national origin, age, disability, military service, veteran status, pregnancy, AIDS/HIV or genetic information, or any other basis prohibited by law.



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