AmTrust Financial Services - New York, NY
posted 3 months ago
The Virtual Auditor plays a crucial role in ensuring the accuracy of earned premium risk calculations through virtual audits of varying complexity. This position is responsible for managing audits within the estimated premium range of $10,000 to $50,000. The auditor investigates and verifies premium base exposures in accordance with policy contract terms, manual rules, company filings, and established procedures. A solid understanding of AmTrust's mission, vision, and values is essential, as the auditor must uphold the standards of the organization while performing their duties. In this role, the Virtual Auditor demonstrates proficient knowledge and skill in conducting virtual audits on Workers Compensation and General Liability policies with limited supervision. The auditor examines records to ensure that calculations of earned premium for risks are accurate and validates that the correct classes are applied according to governing regulatory agencies, independent state bureaus, and company procedures. This involves reviewing financial records and other relevant materials to identify, research, and correct any policy-rating issues discovered during the audit process. The auditor also works to resolve any discrepancies and disputes that arise during the audit. Additionally, the Virtual Auditor performs other value-added services, including new business service calls and scheduled check-ins with account personnel. They review the results of audits with producers, underwriters, insured parties, and Premium Audit leadership, providing excellent customer service to both internal and external customers throughout the premium audit function's lifecycle. Staying current with manual rules, market trends, and demands is also a key aspect of this position, along with performing other functionally related duties as assigned.