Premium Audit Consultant I

🔥 10 minutes ago

🌽 Illinois, Iowa, +4 more states – Remote

🌽 Illinois – Remote 🌾 Iowa – Remote 🌪️ Kansas – Remote 🌾 Nebraska – Remote 🏰 Missouri – Remote 🎸 Tennessee – Remote

⏰ Full Time

🟢 Junior

🟡 Mid-level

💼 Consultant

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MEM

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1995

🛡️ Insurance

Insurance

MEM is an insurance provider (insurer) that operates online portals for policyholders and agents and offers claims filing and management services. The company’s site references features such as “File a Claim,” agent and policyholder logins, programs and safety grants, and guidance for injured parties, indicating a focus on claims administration, risk mitigation programs, and agent/policyholder services.

📋 Description

• Perform Virtual Premium Audits: Examine policyholders’ business records thoroughly and on time. Determine proper risk classification, premium basis, and scope of operations to ensure accurate premium adjustments. • Prepare Detailed Audit Worksheets: Collect financial documentation and use audit software to create clear, comprehensive worksheets that reconcile payroll and tax reports. • Research and Apply Guidelines: Utilize NCCI manuals, internal policies, and external resources to ensure correct classifications and compliance with rules. • Identify and Communicate Changes: Document unusual exposures or changes impacting premiums and refer items to Underwriting for clarification. • Manage Audit Workflow: Independently schedule appointments, follow up, and maintain progress reports to track audit status. • Consult with Policyholders: Explain audit results and basic insurance principles, fostering understanding and trust. • Build Relationships: Respond promptly and professionally to internal and external stakeholders, resolving issues effectively. • Professional Development: Stay informed on state determinations, NCCI updates, and participate in corporate training and peer collaboration.

🎯 Requirements

• Education: Bachelor’s degree in Accounting, Finance, Business Administration, or related field (or equivalent experience). • Licenses: Valid driver’s license required. • Experience: 1–2 years in premium auditing, accounting, or related insurance functions.

🏖️ Benefits

• Health Plans: Medical, Dental, and VisionIncludes fertility benefits, fully paid preventative care, and adult orthodontia. • Employer-Paid Life and Disability Benefits:Life Insurance (3x base salary), AD&D, Short and Long-term Disability. • Wellness and Recognition Program: Employer-paid incentives for employees and spouses. • Flexible Spending Account and Dependent Care options • Health Savings Account: Generous employer contribution. • Time Away from Work:Generous PTO, 11 Holidays + 4 Early Releases, 16 Hours Volunteer Time Off, 20 Days Paid Parental Leave, Marriage, Bereavement, and Jury Duty leave. • Employee Assistance Programs • 401k Retirement Plan: Employer match and profit sharing. • Adoption Assistance and Tuition Assistance