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Senior Premium Auditor (Chicago or remote Midwest)

Job Level:  Professional
Location: 

AGCS REMOTE - US2, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Audit
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office
Employment Type:  Permanent
ID:  993

Job Purpose/Role

  • Performs audit functions for small to mid-sized risks of increasing complexity, usually with a minimum of classifications and locations.
  • Accurately completes audits and communicates finding to insured, underwriting and producers.

 

Key Responsibilities

  • Provide and analyze financial and operational information which supports the writing, pricing and retention of profitable business. Determines earned premium on casualty coverages and other auditable exposures.
  • Conducts physical audits: Examines primary and secondary source records and documents and determines which are necessary to accurately audit the operations. Interviews and observes the operations of the insured.
  • Documents the classification, operations and ownership of each named insured. Confirms all locations.
  • Validates workers' compensation claims coding. Classifies and secures the basis of premium for each insured audited. Adheres to state filings, DOI and Bureau requirements.
  • Maintains familiarity with applicable insurance manuals, premium audit manuals, references, guides and related materials.
  • Works with underwriting at policy quote, issue, mid-term and expiration to determine adequacy of premium deposits and accuracy of classifications, locations, operations and named insured's, as requested.
  • Determines if employer/employee relationship exits on risks which employ independent contractors and makes the appropriate premium charges.
  • Determines and reports on risk exposures which are not shown under the policy contract and makes coverage and premium charges as required.
  • Recommends to underwriting termination of coverage or corrective action to be taken if insured's records are inadequate, the financial situation is unsatisfactory, the insured's premises are unsatisfactory, or the insured is uncooperative.
  • Provides classification assurance on policies through the use of pre-quote and pre-audit surveys as requested.
  • Conducts technical training on classifications for regional underwriting.
  • Resolves audited earned premium discrepancies and other premium audit related disputes with insured, agents, underwriting and collections department.

 

Key Requirements/Skills/Experience

  • B.S. or B.A. degree or equivalent work experience.
  • Twelve semester hours or 18-quarter hours of Accounting and Financial Analysis at the college level required.
  • 3-5 years of auditing experience
  • CPCU and/or Associate in Premium Auditing (APA) desired
  • Knowledge of audit techniques and principles; insurance principles, coverages and classifications for workers' compensation, general liability and automobile lines of business.
  • Knowledge of financial ratios, accounting records and their relationship. Ability to resolve test audit differences.
  • Specialized knowledge of specific lines of business or business operations (e.g., entertainment, manufacturers, etc.)/ national/local target industries and programs.

 

Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package.  Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.
 


Nearest Major Market: Chicago