Are you detail-oriented and passionate about accuracy? MEM Insurance is seeking a Premium Audit Consultant I to join our team. In this role, you will conduct virtual premium audits to verify policyholders’ business records, payroll information, and risk classifications. You’ll analyze financial documents, apply NCCI guidelines, and produce clear, detailed audit worksheets. Beyond auditing, you’ll educate policyholders on insurance principles and build strong relationships. This is an excellent opportunity to grow your expertise through training, collaboration, and staying current on industry updates.
Essential Duties and Responsibilities
- Perform Virtual Premium Audits: Examine policyholders’ business records thoroughly and on time. Determine proper risk classification, premium basis, and scope of operations to ensure accurate premium adjustments.
- Prepare Detailed Audit Worksheets: Collect financial documentation and use audit software to create clear, comprehensive worksheets that reconcile payroll and tax reports.
- Research and Apply Guidelines: Utilize NCCI manuals, internal policies, and external resources to ensure correct classifications and compliance with rules.
- Identify and Communicate Changes: Document unusual exposures or changes impacting premiums and refer items to Underwriting for clarification.
- Manage Audit Workflow: Independently schedule appointments, follow up, and maintain progress reports to track audit status.
- Consult with Policyholders: Explain audit results and basic insurance principles, fostering understanding and trust.
- Build Relationships: Respond promptly and professionally to internal and external stakeholders, resolving issues effectively.
- Professional Development: Stay informed on state determinations, NCCI updates, and participate in corporate training and peer collaboration.
Qualifications
- Education: Bachelor’s degree in Accounting, Finance, Business Administration, or related field (or equivalent experience).
- Licenses: Valid driver’s license required.
- Experience: 1–2 years in premium auditing, accounting, or related insurance functions.
Company Culture and Values At MEM Insurance, we are committed to our vision, mission, and values. We foster a culture of collaboration, integrity, and innovation. Our team is passionate about delivering exceptional service to our customers while supporting each other’s growth and success. We believe in accountability, continuous learning, and creating an environment where employees feel valued and empowered.
Diversity Statement MEM Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We believe that varied perspectives drive innovation and strengthen our ability to serve our customers and communities.
Total Rewards Overview
- Health Plans: Medical, Dental, and Vision
Includes fertility benefits, fully paid preventative care, and adult orthodontia.
• Employer-Paid Life and Disability Benefits:
Life Insurance (3x base salary), AD&D, Short and Long-term Disability.
- Wellness and Recognition Program: Employer-paid incentives for employees and spouses.
- Flexible Spending Account and Dependent Care options
- Health Savings Account: Generous employer contribution.
• Time Away from Work:
Generous PTO, 11 Holidays + 4 Early Releases, 16 Hours Volunteer Time Off, 20 Days Paid Parental Leave, Marriage, Bereavement, and Jury Duty leave.
- Employee Assistance Programs
- 401k Retirement Plan: Employer match and profit sharing.
- Adoption Assistance and Tuition Assistance
Notice Regarding Use of Artificial Intelligence MEM may use artificial intelligence (AI) tools to more efficiently facilitate and assist in decisions involving recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment. Any such use of AI tools will comply with all applicable laws.
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