Premium Audit Specialist

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

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Great American's Strategic Comp division is currently seeking a Premium Audit Specialist to support our growing Premium Audit Team. This is a fully remote work from home role.

Essential Job Functions and Responsibilities

• Conducts thorough audits of insureds financial records to verify the accuracy of reported premiums, ensuring that all calculations are precise and compliant with company policies, industry regulations, and legal requirements.

• Conducts reviews and analysis of complex financial statements, payroll records, and other relevant documents, identifying trends and anomalies that may impact premium accuracy.

• Resolves complex discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments, ensuring that all issues are addressed promptly and effectively.

• Evaluates and determines the applicability of insurance certificates.

• Reviews class codes applicability per manual rules.

• Analyzes claim activity on policies to ensure that employee coding is consistent and accurate.

• Prepares and presents detailed audit reports to management, providing clear and actionable findings that support strategic decision-making.

• Collaborates with underwriters and other internal departments to ensure accurate premium calculations.

• Provides excellent customer service to policyholders by addressing complex audit-related inquiries and ensuring a positive experience throughout the audit process.

• May monitor and evaluate premium audit practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.

• Performs other duties as assigned.

Scope of Job/Qualifications

• Demonstrates advanced technical knowledge across various accounting principles and practices.

• Works on assignments of high technical and logistical complexity.

• Demonstrates advanced analytical and problem-solving skills.

• Maintains knowledge of industry trends, regulations, and best practices to ensure that all audits are conducted in compliance with company policies, industry regulations, and state laws.

• Demonstrates excellent interpersonal and communication skills, with the ability to work collaboratively in a fast-paced environment and across departments.

• Serves as a senior resource on the Premium Audit team.

Job Requirements

Education:

• Bachelor's degree is required.

Experience:

• 5 years of premium audit or accounting experience in the insurance industry is required.

• Workers' Compensation or Property & Casualty lines experience is preferred.

• Continuing progress toward and/or the completion of a professional designation is preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM).

Physical Requirements:

• Sedentary- Requires prolonged sitting, continuous use of computer.

• Occasional Travel- Requires occasional travel to departmental meetings and training sessions. May also include occasional travel to in-house audits based on candidate location.

Business Unit:

Strategic Comp

Salary Range:

$75,000.00 -$95,000.00

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.