Audit Operations Associate

Posted 7 Days Ago
Be an Early Applicant
2 Locations
In-Office
Mid level
Financial Services
The Role
Processes and coordinates medium to complex multi-state premium audits with minimal supervision. Reviews workers compensation, general liability, and auto audits for compliance with captive specifications; analyzes experience modifications, calculates premiums and surcharges, enters and validates data across multiple systems, and manages invoicing and billing. Collaborates with audit vendors, staff auditors, and internal teams to meet service commitments.
Summary Generated by Built In

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

SUMMARY/DESCRIPTION:

 

This position reports to the Team Lead or AVP Premium Audit, and performs and coordinates the processing of medium to complex premium audits with minimal supervision.  Produces the audit statement of earned premium based on completed field audits received from staff premium auditors and vendors.  Transacts premium audit processing steps including review, entry, processing, invoicing and billing. 

Also collaborates with external audit vendors, staff auditors and both regional and corporate team resources to ensure that all service level commitments are met.

DUTIES AND RESPONSIBILITIES

  • Perform quality review of multi-state Workers Compensation, General Liability & Auto audits. Review audits completed by vendors and staff auditors to ensure audits conform to unique captive specifications.
  • Pull and analyze WC experience modifications using NCCI & Independent Bureau state websites.
  • Calculate audit premium plus manual calculation of Auto and General Liability surcharges.
  • Data entry and quality check of multiple systems.

Desired Skills/Experience

  • Bachelor Degree or equivalent experience in the insurance industry
  • 3-5 Years Insurance experience
  • Collaborative and team oriented
  • Customer focused with attention to detail
  • Well organized with the ability to prioritize duties and multi-task between captives
  • Strong analytical and problem solving skills
  • Strong written and verbal communication skills
  • Self-directed showing personal accountability and sense of urgency


Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.


10400 Arch Global Services (Philippines) Inc.

Skills Required

  • Bachelor's degree or equivalent experience in the insurance industry
  • 3-5 years of insurance experience
  • Strong analytical and problem-solving skills
  • Strong written and verbal communication skills
  • Attention to detail and customer focus
  • Ability to organize, prioritize, and multitask across multiple captives
  • Collaborative and team-oriented approach
  • Self-directed with personal accountability and sense of urgency
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The Company
HQ: Hamilton
285 Employees
Year Founded: 2001

What We Do

Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital. ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.

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