Investigates, examines, and reports on financial and operational characteristics of commercial business operations to determine earned premium on casualty coverage and other auditable exposures by performing the following duties. Must have experience with General Liability Insurance.
Essential Duties & Responsibilities
Responsibilities include the following. Other duties may be assigned: -
Reviews company records, interviews staff, and observes operations to document and verify classification, financial stability, operations, locations, and ownership of each named insured.
Investigates and verifies the premium base exposures according to policy contract terms, manual rules, company filings, and procedures.
Calculates exact premium for each insured audited.
Determines employment status of workers and makes the appropriate premium charges.
Identifies and documents risk exposures which are not shown under the policy contract and makes coverage and premium charges as required.
Recommends corrective action if insured's records are inadequate, the financial situation is unsatisfactory, or the insured is uncooperative.
Complies with state regulations and company guidelines, and maintains working knowledge of all insurance manuals, premium audit manuals, and related material.
Resolves audited earned premium discrepancies with insureds, agents, underwriting, and collections
AmTrust North America - 16 months ago
Insurance holding company AmTrust Financial Services likes a mix of businesses on its plate. Its subsidiaries offer a range of commercial...