Job: Premium Auditor I

- New Haven, CT

Liberty Mutual Insurance

At Liberty Mutual Insurance, doing the right thing is essential to all that we do. Our commitment to building and sustaining a talented and diverse workforce has helped us to become a global leader in property and casualty insurance. As of December 31, 2012, Liberty Mutual Insurance had $36.9 billion in annual consolidated revenue. Our financial strength and profitability rely on the skills, knowledge, and creativity of our more than 50,000 employees in over 900 offices worldwide. As number 81 on Fortune Magazine’s list of the 100 largest corporations in the U.S., we have the resources and training our employees need to drive our business forward and be successful in an ever-evolving, complex world.

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 Insurance - A Fortune 100 Company!

 


Under moderate supervision, the Premium Auditor will perform examination of policyholders' accounting and financial records to insure accurate calculation of earned premium for small to medium, moderately complex risks. They will insure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines. The Premium Auditor will communicate audit findings through detailed formal reports supported by audit workpapers and will assist senior-level premium auditors on larger, more complex risks. They will conduct low-complexity internal claims audits.


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 workpapers 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, assist senior-level premium auditors on larger, more complex premium audits. Conduct low-complexity internal claims audits.

Qualifications:

• Knowledge of accounting concepts. 
• Effective written, verbal and interpersonal skills needed to exchange information with people at many different levels in an organization and resolve disputes. 
• Proficiency with laptop/desktop computers and MS Office software applications (Excel, Word, etc.). 
• Bachelor's degree in business administration with a concentration in accounting. 
• A valid driver's license is required for regular travel to customer locations. 
• Demonstrated ability to effectively manage own workload. 
• At least 12 months directly relevant experience, with premium audit experience preferred.

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 
• Accidental death & dismemberment 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: 75%

 More Info and Application