Premium Auditor?/Sr. Premium Auditor?/Field Based?/Remote
Posted 2025-03-14Premium Auditor/Sr. Premium Auditor (Field Based) (Remote) Chicago Area
At Selective, we don't just insure uniquely, we employ uniqueness.
Our Business
Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year.
Working at Selective
Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans.
Additional details about our total rewards package will be provided during the recruiting process.
Selective Insurance is looking for a Premium Auditor/Sr. Premium Auditor for the Chicago, IL area. This is a field-based position, and the ideal candidate must be in the local area.
Under limited supervision and working remotely, this position is responsible for performing audits (in-person and virtually) on Property/Casualty Commercial Line policies in accordance with company, industry, and government rules and regulations to ensure accurate earned premiums, appropriate classifications, and exposures. Will primarily audit small and middle-market accounts. However, depending on territory, may be required to audit large accounts with Manager/Senior Auditor guidance.
JOB RESPONSIBILITIES: ? Manage, schedule, and conduct physical/virtual audits for selected Commercial Lines policies based on auditable exposures. Audit consists of reviewing the insured's business operations, examining and recording data from financial/business records. Evaluate all subcontractor operations and detail exposures according to manual rules. Verify claims data. Determine and/or develop premium basis and classification. ? Manage and schedule territory and inventory to optimize efficiencies, auditor expectations and meet internal and external customer needs. Responsible for automobile travel within territory traveling to insureds. Car travel represents approximately 70-80% of employee's time. ? Upon audit completion, provide notification to underwriting team of any changes in exposures, business operations, products/services, additional or deleted classifications, locations, entities, new construction, etc. ? With Manager/Senior Auditor guidance, respond to and resolve audit disputes and make appropriate changes to revise audits as needed. Compile pertinent facts related to disputes, document and communicate the results of the analysis, and prepare amended audits and submit for billing. ? Maintain a positive customer relationship and develop relationships with internal and external customers to provide ongoing technical expertise. ? Utilize automated premium audit work management system, commercial lines automated system, and other tools to complete assignments in accordance with established goals. ? Develop, apply, and maintain working knowledge of company premium audit technical policies and procedures and demonstrate an understanding of the property/casualty insurance business. ? May provide mentoring to newly hired auditors.
JOB REQUIREMENTS: ? College degree in Insurance, Accounting, Finance or related field is preferred or related work experience desirable. ? Minimum?
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