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AVP, Premium Audit

AmTrust Financial
life insurance, paid time off, 401(k)
United States, Texas, Dallas
Jan 28, 2025

AVP, Premium Audit
Job Locations

US-OH-Cleveland | US-TX-Dallas | US-GA-Alpharetta


Requisition ID
2025-18105

Category
Audit

Position Type
Regular Full-Time



Overview

The AVP, Premium Audit, is responsible for leading and managing the premium audit department, ensuring accurate and efficient audits of policyholders' records for commercial lines and workers' compensation insurance. This role involves strategic leadership, team management, compliance oversight, and collaboration with underwriting, claims, and finance teams to optimize premium accuracy and improve operational efficiencies.



Responsibilities

Responsibilities:
1.Primary responsibility of this position will be to coordinate the premium audit function for Specialty Programs and its program managers.
2.Maintain files for each Workers Compensation Rating Bureau State Test Audit Programs and monitor the process if the proscribed workflow procedures.
3.Timely handling of audit disputes from agents and insureds.
4.Monthly monitoring of late and disputed premium audits.
5.Travel, as necessary, to perform due diligence of the premium audit process at respective program manager's offices.
6.Liaison between the Excess & Surplus Center and the Cleveland audit department to assist with Premium audit AP & RP procedures and guidelines.
7.Attend industry conferences, as necessary.
8.Provide guidance to Property/Casualty underwriters regarding changes in state premium audit standards.
9.Verify and approve MGA refunds requested by AR refunds.
10.Responsible for all premium audit collection cases that involve additional premiums not paid to AmTrust. Works with internal and outside counsel. If necessary, testify at examination before trial.
11.Keeps current with market trends and demands.
12.Performs other functionally related duties as assigned.

Qualifications:
Required:

*5-10 years in an underwriting or product development role at an insurance company
*Ability to work independently and within a team. Self-motivated with a high degree of initiative. Strong interpersonal skills, time management and organizational skills.

Preferred:
*BA/BS degree or equivalent work experience is preferred.
*Workers Compensation, Commercial Property and Casualty underwriting, and rating knowledge preferred.

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.


Qualifications

Education:

* Bachelor's degree in Accounting, Finance, Business Administration, or related field

Experience:

* Minimum of 8-10 years of experience in premium audit, commercial insurance, or a related field.

* Proven leadership experience managing audit teams in a commercial insurance environment, with specific expertise in workers' compensation.

Skills:

* Strong understanding of premium audit methodologies, underwriting principles, and regulatory requirements.

* Proficient in audit-related technology, analytics, and reporting tools.

* Exceptional problem-solving, analytical, and decision-making skills.

* Effective communication and interpersonal skills to manage relationships with internal and external stakeholders.

* Strong organizational and project management abilities.

Key Competencies:

* Leadership and Team Development

* Strategic Thinking and Problem-Solving

* Attention to Detail and Accuracy

* Adaptability and Change Management

* Strong Customer Focus

Occasional travel may be required for training, audits, or client visits.



What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.



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