Premium Audit Trainee

Location US-MO-Fenton
Posted Date 1 month ago(3/15/2021 10:31 AM)
Job ID
27390
# of Positions
1
Division
Vanliner
Category
Underwriting

Overview

Headquartered in Fenton, Missouri, a suburb of St. Louis, Vanliner Insurance Company is a member of Great American Insurance Group. For over 30 years, Vanliner has grown to become the country’s top insurance provider for the moving and storage, parcel and home delivery industries. Our mission since day one, has been to provide first-class insurance products and unparalleled customer service to all of our customers. Our success is driven by the expertise, innovation and commitment to customer service that our employees provide. If you are ready to join an engaging and driven team such as ours, we would love to hear from you!

Responsibilities

  • Develops knowledge and skill in auditing technical reviews from physical audits. Learns to examine / audit records to ensure that calculations of earned premium for risks are accurate.
  • Learns to validate that correct classes are being applied and in accordance with company procedures by reviewing financial records and other relevant materials.
  • Prepares voluntary audits to go out to insureds and monitors the return and completeness of incoming voluntary audits. Develops knowledge and skill in interacting with customers to answer questions and encourage the return of completed audits.
  • Develops knowledge and skill in reviewing the results of audits with producers, underwriters, insureds and Premium Audit leadership.
    • Learns to identify opportunities to resolve discrepancies.
    • Develops knowledge and skill for serving as initial audit dispute review. Learns to resolve disputed items.
    • Develops knowledge and skill in handling and clearing bureau inquiries.
  • Assigns physical audits to vendors and learns to monitor the quality and timeliness of the vendor's work.
    • Communicates with vendors regarding delinquent audits.
    • Develops knowledge and skill in preparing management reports and other analysis to ensure the quality and timeliness of audits being received.
    • Reconciles invoices from vendors.
  • May learn to perform telephone audits.
  • Develops knowledge and skill in providing effective Customer Service throughout the life cycle of Premium Audit functions.
  • Develops a working knowledge of rules and regulations applicable to jurisdictions and how to ensure correct and consistent application.
  • Successfully completes all coursework / education as assigned.
  • Performs other duties as assigned.

Qualifications

Education: Bachelor’s Degree or equivalent experience.
Field of Study: Accounting, Finance, Business or a related discipline.
Experience: Typically part of a formal training program. No prior experience required.

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