Note: The job is a remote job and is open to candidates in USA. MEM Insurance is seeking a Premium Audit Consultant I to join their team. In this role, you will conduct virtual premium audits to verify policyholders’ business records and educate them on insurance principles.
Responsibilities
- 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
Skills
- Bachelor's degree in Accounting, Finance, Business Administration, or related field (or equivalent experience)
- Valid driver's license required
- 1–2 years in premium auditing, accounting, or related insurance functions
Benefits
- Medical, Dental, and Vision Includes fertility benefits, fully paid preventative care, and adult orthodontia.
- 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.
- 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
Company Overview