Senior Premium Audit Specialist (Finance)
JOB DESCRIPTION
KEY OBJECTIVE
The Premium Audit Specialist is responsible for the timely and accurate servicing on assigned Chubb Global Casualty PEO programs. The Premium Audit Specialist works in a consulting role in support of ongoing efforts to improve business processes and profitability (mainly expense side impact)
MAJOR DUTIES AND RESPONSIBILITIES
Provide Chubb Global Casualty (CGC) Dallas branch and program support on our Professional Employer Organization (PEO) accounts to ensure that policies, premium audits and associated data are technically accurate and are performed in compliance with manual rules, Chubb Corporate Policies and Procedures, regulatory requirements and sound Premium Audit Practices and Principles.
Ensure that premium audits on PEO policies are completed in a timely & accurate manner through audit oversight, ongoing evaluation of client data, MGA partner's processing, and potential outside audit vendor work.
Assist Premium Audit Manager to establish, document and implement cost-effective and efficient business processes and procedures with solid controls in place.
Ensure that Bureau Test Audits standards are met or exceeded. Determine action required of Chubb; work with Regulatory Compliance, Claims, Unit Statistical Reporting, and any other department to ensure overall bureau requirements are met.
Assist with compiling, validating, claims review, and reconciliation of program audit data for assigned PEO accounts.
Assist with further development and documentation of criteria and selection process for PEO client company reviews, and interim test audits to ensure classifications accuracy and compliance with state and manual rules.
Assist with identification and regular selection of client companies for formal review and/or interim test audits for all PEOs as directed, documenting selections in accordance with current procedures.
Conduct interim test audits, and formal reviews of PEO client companies as directed, coordinating with PEO contact when necessary for client contact to ensure correct classification use.
Complete test audit reports and/or review forms, consistently based on regular selections, providing test audit reports to PEO, while maintaining up to date digital audit files and summary documentation in the designated locations on the network drive for each PEO, in accordance with current procedures.
Coordinate policy audits for processing into Chubb's WC System via MGA partners, and reconciling data to ensure its accuracy.
Provide ongoing support and monitoring of assigned PEO's audit department issues or procedures to ensure that appropriate handling of classification and exposure issues.
Assist underwriters in assigning classifications for prospective PEO client companies as needed in order to ensure proper classification of employees at inception.
Develop and maintain good working relationships and demonstrate ability to work as a team with internal partners (Regulatory Compliance Department, Unit Statistical Department, Financial Operations, business unit leaders, etc.) and external partners (PEO clients, MGA partners, TPA Partners, etc.) to effectively develop and implement process workflow changes/enhancements.
QUALIFICATIONS
QUALIFICATIONS
ABOUT US
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
