Premium Audit Analyst

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

Capgemini is seeking a highly motivated and detail-oriented Premium Audit Analyst to join our team to work for a top 10 US Insurance Carrier.

Conducts meticulous and precise payroll audits, both manual and mechanical, for P&C and/or Workers' Compensation policies. Provides valuable support to the Commercial Underwriting team by carrying out tasks that demand astute underwriting judgment, as outlined in the letter of underwriting authority. This also involves being well-versed in bureau rates, rules, and forms as detailed in the multiple bureau manuals.

Requirements

• Preference will be given to candidates with at least 2 years of experience in Commercial Insurance
• Compute and process premium audits, refunds, commissions, dividends, accounts receivable, experience modifications, and other policy transactions
• Determine the accuracy of premiums, rate classes, or changes in exposure base based on audit reports or other referrals, and initiate necessary adjustments or changes
• Prepare instructions for issuing payroll audits and corresponding endorsements, code statistical information, prepare worksheets, and enter data
• Obtain missing information from agents, insureds, and vendors to complete payroll audits; explain audit computations and adjustments to agents and insureds, and process revised audits as necessary
• Communicate with audit companies to clarify audit information and verify the status of audit completion
• Expedite priority transactions and maintain diary controls as necessary
• Utilize the Commercial Accounts System and EasyPay to determine policy and billing status
• Review and clear overdue audit reports received from the NCCI or state bureaus
• Process account breakdowns to prepare files for assignment to collections agencies and litigation
• Perform other assigned functions
• Possess technical expertise in the commercial field
• Demonstrate knowledge of management information and business systems such as Word, Excel, PowerPoint, and Access
• Exhibit excellent verbal, written, and interpersonal skills, along with demonstrated presentation skills
• Apply analytical thinking skills to make timely and appropriate decisions and recommendations after reviewing all relevant information
• High school diploma or equivalent required

Benefits

This position comes with competitive compensation and benefits package:

1. Competitive salary and performance-based bonuses
2. Comprehensive benefits package
3. Career development and training opportunities
4. Flexible work arrangements (remote and/or office-based)
5. Dynamic and inclusive work culture within a globally renowned group
6. Private Health Insurance
7. Pension Plan
8. Paid Time Off
9. Training & Development
10. Performance Bonus

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 340,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group €22.5 billion in revenues in 2023.

https://www.capgemini.com/us-en/about-us/who-we-are/