Senior Premium Auditor Job in Walnut Creek 94597, California US
Senior Premium Auditor
Liberty Mutual Insurance
“Helping people live safer, more secure lives” since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and third largest property and casualty insurer in the U.S. based on A.M. Best Company’s report of 2010 net written premium. Liberty Mutual also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety.
Liberty Mutual Insurance (www.libertymutual.com) employs over 45,000 people in more than 900 offices throughout the world.
Advance your career at Liberty Mutual - A Fortune 100 Company!
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium. Liberty Mutual Insurance also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 45,000 people in more than 900 offices throughout the world.
Our professional auditors are integral to our company's mission by ensuring the financial integrity of premium development. In this role, you will examine policyholders' operations and financial records to ensure exposures (such as payroll, sales, fixed assets) are accurately calculated within strict insurance guidelines and communicate audit findings through detailed formal reports. As a Senior Premium Auditor, you will work out of your home when not traveling to policyholders' locations.
Responsibilities:
- Review appropriate company files and documentation to determine specific coverages provided by the policy and plan audit strategy.
- Investigate policyholder operations to verify correctness of coverage exposures and classifications as they apply to the policy and insure conformity to various state laws and insurance regulations.
- Prepare detailed worksheets and written correspondence in support of audit findings.
- Prepare and disseminate post-audit information to various departments (Sales, Underwriting, etc.) to initiate necessary changes to the policy contract.
- Perform test audits on selected policyholders at policy inception to: ensure all exposures were identified and properly classified; establish proper policyholder accounting practices as they pertain to auditing procedures and insurance regulations.
- With minimal oversight/intervention, schedule audit appointments with policyholders with respect to priority of audit assignments and efficient time utilization.
- Prepare routine office and department reports such as: Production Reports, Itineraries, Expense Accounts, etc.
- As required, coordinate assignment of multi-location audits for large risks on a regional basis, or wrap up individual audit assignments to ensure accurate form and presentation for billing purposes.
- As required, provide guidance for inexperienced premium auditors.
Qualifications:
- Bachelor's degree or experience equivalent in business-related discipline.
- 3 years of premium audit experience is required.
- Knowledge of accounting concepts.
- Working knowledge of Microsoft Office Suite applications including strong Excel skills.
- Self-directed, well-organized, detail-oriented, with excellent written, verbal and interpersonal communication skills needed to exchange information with people at many different levels in an organization and resolve disputes.
- Ability to independently manage own performance a must as position works virtually.
- A valid driver's license is required for regular travel to customer locations.
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
- 401K and Company paid pension plan
- Medical coverage
- Dental coverage
- Paid time-off
- Pay-for-Performance
- Discounts on automobile and homeowner's insurance
- Discount fitness memberships
- Flexible spending accounts
- Tuition reimbursement
- Vision care coverage
- Work/Life resources
- Credit Union membership
- Employee and Dependent life insurance
- Disability insurance
- Long-term care insurance
Overview:
We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way
We believe that the Company's success is inextricably linked to our employees' satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success.
We believe our employees take pride in knowing that they help people live safer more secure lives everyday.
Responsibility. What's your policy?
Additional Information:
- Travel Percentage: 10%
