Liberty Mutual Insurance is seeking an Associate Premium Auditor to ensure the financial integrity of premium development. The role involves examining policyholders' operations and financial records, communicating audit findings, and managing audit appointments with policyholders.

Responsibilities

• Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks
• Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines
• Communicate audit findings through detailed formal reports supported by audit workpapers
• Review appropriate audit documentation and/or company policy systems, to determine specific coverages provided by the policy and plan audit strategy
• Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period
• Prepare detailed work papers and written correspondence in support of audit findings
• Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract. With strict oversight, schedule audit appointments with policyholders taking into account priority of assignments and location within assigned territory
• Develop effective workload management skills through efficient time utilization including managing work-in-process and documenting progress for appropriate stakeholders/management
• Prepare routine administrative tasks such as: Time Tracking, Expense Reports, Mileage Reports, etc

Skills

• Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks
• Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines
• Communicate audit findings through detailed formal reports supported by audit workpapers
• Review appropriate audit documentation and/or company policy systems, to determine specific coverages provided by the policy and plan audit strategy
• Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period
• Prepare detailed work papers and written correspondence in support of audit findings
• Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract
• With strict oversight, schedule audit appointments with policyholders taking into account priority of assignments and location within assigned territory
• Develop effective workload management skills through efficient time utilization including managing work-in-process and documenting progress for appropriate stakeholders/management
• Prepare routine administrative tasks such as: Time Tracking, Expense Reports, Mileage Reports, etc
• Degree in Accounting preferred
• Open for fresh graduates
• Audit, compliance and finance experience is a big plus

Benefits

• Flexible Time Off Annual Accrual - days: 15
• This position is eligible for mileage reimbursement.
• Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
• Comprehensive benefits
• Workplace flexibility
• Professional development opportunities
• A host of opportunities provided through our Employee Resource Groups

Company Overview

Company H1B Sponsorship