Premium Audit Manager - Financial Division

Posted 5 Days Ago
Be an Early Applicant
Cincinnati, OH
101K-137K Annually
Senior level
Insurance
The Role
The Premium Audit Manager oversees the operations of the Premium Audit team, ensuring accurate auditing of insured financial records, compliance with regulations, and improving workflows. They manage financial statement analysis, resolve discrepancies, present audit reports, and deliver excellent customer service. The role involves leadership, mentoring staff, and implementing best practices for efficiency in audits.
Summary Generated by Built In

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

The Financial Division oversees all accounting and financial reporting for American Financial Group and Great American Insurance Group.

Our Financial Division is hiring for a Premium Audit Manager to join their team! This position can be fully remote depending on the candidate. Candidates local to Cincinnati, OH will work on a hybrid schedule.

Essential Job Functions and Responsibilities

  • Oversees Premium Audit team operations, optimizing workflows and ensuring high productivity.
  • Oversees thorough auditing of insureds' financial records are completed to verify the accuracy of reported premiums, ensuring compliance with company policies, industry regulations, and legal requirements.
  • Manages the review and analysis of financial statements, payroll records, and other relevant documents.
  • Leads the resolution of discrepancies in policyholder records by coordinating with producers, underwriters, insureds, leadership, and other internal departments, providing guidance and recommendations for process improvements.
  • Oversees the review of certificates of insurance and ensures appropriate class codes for specific exposures, as needed.
  • Oversees the analysis of claim activity on policies and ensures consistent and accurate employee coding.
  • Reviews and presents detailed audit reports to senior management, providing clear and actionable findings that support strategic decision-making.
  • Oversees the delivery of excellent customer service to policyholders.
  • Monitors and evaluates premium audit practices, implementing strategic adjustments to improve overall effectiveness and outcomes.
  • Ensures the team is knowledge of industry trends, regulations, and best practices to ensure that all audits are conducted in compliance with company policies, industry regulations, and state laws.
  • Performs other duties as assigned.

Job Requirements

Education: Bachelor’s degree in Accounting, Finance, Business, Risk Management and Insurance, or a related field or equivalent experience.Experience: Generally, a minimum of 10 years of experience in Premium Audit, Underwriting, Accounting, or Finance, including a minimum of 4 years of leadership experience. Insurance accounting experience preferred. Continuing progress toward and/or the completion of a professional designation preferred, such as Associates in Premium Audit Program (APA), Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), or Associate of Risk Management (ARM).Scope of Job/Qualifications: Typically manages 2 or more reports. Implements policies, procedures, and strategies under the direction of management. Leads and mentors audit employees, ensuring they excel in their roles. Serves as a senior resource on policy, procedures, and industry regulations. Responsible for identifying opportunities for process improvements and implementing best practices to enhance efficiency and service quality. Responsible for performance and coaching of staff and decisions regarding talent selection, development, and performance management. Ensures new members of the team receive proper training and meet performance targets.

Business Unit:

Property & Casualty Finance


Salary Range:

$101,000.00 -$137,000.00

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

Top Skills

Accounting
Finance
The Company
HQ: Cincinnati, OH
4,738 Employees
On-site Workplace

What We Do

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking.

Great American Insurance Company has received an "A"​ (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+"​ (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

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