What are the responsibilities and job description for the Premium Auditor position at Berkley?
Company Details
With over 35 years of proven expertise in the workers' compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers' compensation exposures and deliver industry-leading results.
All products and services are distributed through appointed insurance agents and brokers. Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A (Superior), Financial Size Category XV by A.M. Best Company and A (Strong), by S&P.
For further information about Key Risk please visit www.KeyRisk.com.
Responsibilities
Following industry best practices and company guidelines, the Premium Auditor is responsible for the accurate, timely completion of premium audits for assigned accounts, both in a physical and virtual setting, and for providing client support in classification, NCCI/Bureau rules and related areas.
Premium Audit
- Timely complete premium audits for assigned accounts and transmit for processing
- Follow all NCCI, State Bureau and Company guidelines in the completion of audits
- Notify internal teams (underwriter, risk manager, Area Vice President, etc) of concerns with assigned accounts.
- Support Key Risk’s hybrid audit approach, while using best judgement in determining whether to travel for an audit.
- Utilize available technologies such as video calls, screen share and secure portal to enhance client experience
- Research, respond to and revise (when appropriate) disputed audits
Client Support
- Respond to underwriter, insured and agency partner requests regarding premium audits
- Perform classification research for underwriters, insureds and agency partners for assigned accounts
- Per Company guidelines, provide copies of audit billing and worksheets, ensuring confidentiality of shared audit data
- Daily telephone and email communication with agency partners, insureds and internal team members.
Department Support
- Advise Premium Audit Manager of trends identified in audits
- Participate in software testing, including current and future audit platforms, policy systems, claims systems and related business intelligence software
Other Responsibilities
- Embrace a culture of Innovation by exhibiting Key Risk’s Innovation Behaviors, and by actively participating in idea submission, experimentation and implementation.
- Professional Development – Develop job skills through Company training and the pursuit of industry designations
- Professional Relationships – Develop and maintain strong working relationships with all stakeholders, including insureds, agency partners, NCCI/State Bureau personnel and Key Risk/WRB associates (underwriters, Regional Vice Presidents, auditors, information technology, claims and other WRB companies)
- Client Service Infusion – support CSI program by promoting and upholding 4 key behaviors
Education Requirement
- Bachelor's Degree
Qualifications
- 3 years of commercial insurance experience; premium audit experience preferred
- Intermediate Microsoft Excel knowledge. Proficiency in basic formulas, formatting, cell referencing and pivot tables
- High learning agility; ability to quickly adapt to new technology, including audit software, policy systems, claims systems and business intelligence platforms.
- Advanced knowledge of workers compensation class codes and rules
- Intermediate understanding of the commercial insurance industry and the life-cycle of the workers compensation policy.
- Ability to handle daily work under minimal supervision and assigned work under specific direction
- Excellent verbal and written communication
Additional Company Details
The Company is an equal employment opportunity employer.Additional Requirements
COVID-19 vaccine required unless prohibited by law.
