Premium Auditor-Hybrid

Job Title : Premium Auditor- Hybrid Role

Job Location : Louisville, KY

Job Type : Full-time

Midwestern Insurance Alliance (MIA) is seeking a full-time Premium Auditor to join its workers compensation audit team at its headquarters in Louisville, KY.

MIA is a program administrator offering custom-tailored workers' compensation insurance programs through its carrier partners. MIAs acquisition by San Diego-based K2 Insurance Services in 2012. MIA offers the opportunity to join an established company in growth mode. Our benefits package includes medical, dental, vision, disability, and life insurance and 401 (k) with employer match.

Job Summary :

The Premium Auditor performs audits on policyholder records to ensure the proper calculation and collection of workers compensation insurance premiums. The auditor evaluates the clients payroll, financial records, and operational activities to determine appropriate premium amounts while ensuring compliance with insurance policies and industry regulations.

Key Responsibilities :

• Conduct detailed audits of policyholders payroll, financial records, and other relevant documentation to determine the correct classification and premium assessment for workers' compensation coverage.
• Review financial statements, payroll records, tax filings, and other business documents to assess risk exposure and ensure accuracy.
• Verify proper classification codes for each job type and ensure businesses are correctly categorized.
• Identify and assess discrepancies between reported information and actual business operations, investigating any significant differences.
• Communicate with clients to gather necessary documentation, answer questions, and resolve any issues identified during the audit process.
• Prepare audit reports detailing findings, discrepancies, and recommended premium adjustments.
• Collaborate with underwriting, claims, and other departments to ensure accurate premium assessments.
• Stay updated with industry trends, insurance regulations, and changes in state or federal laws affecting workers' compensation premiums.
• Ensure audits are completed within specified timelines and in accordance with company policies and regulatory standards.

Required Skills and Qualifications :

Preferred Skills :

Work Environment :

Pay range : 50-55k USD per year

Learn more about MIA at www.midwesterninsurance.com and K2 Insurance Services at K2ins.com.

Compensation details : 50000-55000 Yearly Salary

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