Premium Audit Review Analyst - Berkley
Moorestown, NJ 08057
About the Job
What makes Admiral Insurance Group ADMIRABLE.
Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through our wholesale-dedicated excess and surplus (E&S) lines of commercial insurance. We specialize in underwriting difficult-to-place moderate to high-risk commercial businesses that require creative solutions, outside of the box thinking, entrepreneurial spirit and astute business knowledge. As a member of the W. R. Berkley Corporation, a Fortune 500® Company and one of the nation’s premier commercial lines property casualty insurance providers, we have the resources, support and industry data to provide exceptional service and exciting solutions for our clients and partners.
Unlock your insure-ability.
The Company is an equal employment opportunity employer.
Responsibilities:
The Premium Audit Review Analyst will develop and apply premium audit expertise in order to complete timely and accurate premium audit review and processing. Deliver excellent service to both internal and external customers. Develop strong technical knowledge of industry class codes as it pertains to Admiral’s underwriting appetites.
- Review and process returned Premium Audit reports.
- Identify discrepancies compared to the pre-audit details regarding class codes, sales, payroll, etc. to determine if there is any additional or return premium to be processed.
- Communicate with Underwriters and Brokers to ask questions regarding the policyholder’s operations.
- Create the Audit Worksheet and process endorsements as needed.
- Document file with findings and details of steps taken during audit review process.
- Review results with Supervisor, Underwriter, or Underwriting VP regarding unusual items for approval.
- Identify and acknowledge a dispute; inquire about valid value added information, and determine validity. Forward to vendor for review. Revise audit if needed.
- Monitor, document, and correspond to internal/external correspondence in regard to answering basic questions regarding an audit.
- Perform other related duties or special projects as assigned by company leadership or as situation dictates.
- Bachelor’s Degree preferred.
- 3-5 years’ prior work experience in commercial insurance, with a focus on premium audit processing.
- Knowledge of insurance industry, products, and operation environments.
- Strong problem-solving skills.
- Ability to meet deadlines and prioritize workflow effectively.
- Leadership potential and training capability.
- Excellent communication skills, both written and verbal.
- Experience working with underwriting platforms and software.
- Proficiency using Microsoft Office Suite, with a strong background in Excel.
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Additional Company Details:We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.Sponsorship Details:Sponsorship not Offered for this Role
