Our Commercial Lines department is seeking a Premium Auditor with strong organizational and time management skills.
The field auditor will be responsible for performing audits of Commercial Lines policies in accordance with company, industry and government rules and regulations in order to establish appropriate classifications, exposures, and basis of premium for each insured in. This position will cover Middlesex, Somerset and Union County.
Essential Duties and Responsibilities:
- Conducting Premium Audits on Commercial Lines policies, which can include multi-state and/or multi-line policies.
- Performing a thorough review of the policyholder’s records to identify the insured’s exposures to the coverage provided.
- Verifying employer classes, claimant information, tax identification numbers, and payroll for the audit period, as well as other appropriate information required to ensure a complete and thorough audit.
- Documenting and processing the audit to explain deviations when compared to prior audit results and changes in the insured’s exposures within established guidelines.
- Interacting and building rapport with the policyholder.
- Collaborate with Underwriting, Loss Prevention, Workers’ Compensation Claims, Special Investigations Unit to ensure policyholders and department management are aware of and understand audit variances.
Required Qualifications:
- 3-6 years prior Commercial Lines Auditing experience
- Knowledge of Accounting principles
- Knowledge of Workers Compensation, General Liability, and/or premium audit procedures
- Knowledge of Microsoft Word, Excel and Outlook is required.
- Strong verbal, listening and written communication skills.
- Must be able to work independently and as a team.
- Analytical decision-making capabilities are required.
- Must have a valid driver’s license for travel to customers locations.
Preferred Qualifications:
- A Bachelor’s degree in Business Administration, Accounting or Finance is preferred.
- Insurance Industry Experience
- APA (Associate in Premium Auditing)
- CIPA (Certified Insurance Premium Auditor)
- ARM (Associate in Risk Management)
- CPCU (Chartered Property and Casualty Underwriter)
Compensation: Salary is commensurate with experience and credentials.
Pay Range: $73,427-$85,345Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.
Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.
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What We Do
NJM is among the Mid-Atlantic's leading property and casualty insurers. Founded in 1913, NJM's mission is to provide value-based insurance solutions to its policyholders with the highest levels of service, integrity, and financial stewardship. The Company operates in a mutual fashion for the exclusive benefit of its policyholders. Headquartered in West Trenton, NJ, with offices in Hammonton and Parsippany, NJM employs nearly 2,500 workers.
- 2019-2023 Forbes Best In-state Employer (Ranked #11 out of 89 NJ employers in 2023)
- 2018, 2019, 2020, 2021, certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for personal lines customers*
- 2018, 2019, & 2020 Clearsurance Customers’ Choice Top Ranked Insurance Companies
- 2021 American Heart Association Gold Level Workplace Health Achievement
- 2020 American Heart Association Silver Level Workplace Health Achievement
- 2019 Forbes Best Mid-size Employers in the country
*J.D. Power Auto Claims Certification Program℠ recognition is based on successful completion of an audit, exceeding a customer experience benchmark through a survey of recent claims servicing interactions, and a Financial Strength rating. For more information, visit jdpower.com.
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