An official State of Ohio site. Here’s how you know
Language Translation
Live Chat
Contact

Premium Audit Coordinator Job in Guilford, Ohio US

Premium Audit Coordinator

Ohio Farmers Insurance Company - Guilford, OH

Posted: 1/14/2025 - Expires: 4/14/2025

Job ID: 284056917

Print 

Job Description

#LI-DNI

The Premium Audit Coordinator is responsible for calculating and developing the earned premium for coverages provided on expiring commercial lines policies with auditable exposure (e.g., General Liability, Employer's Liability, Auto, Worker's Comp.) The role manually determines and enters premiums and statistical information for annual audits, cancellation audits and final reporting form audits on the Policy Administration System and related Premium Audit Software and office programs.

Calculates and develops the earned premium for coverages provided on expiring commercial lines policies with auditable exposure (e.g. Worker's Compensation, General Liability, Composite Auto, etc.).
Examines, makes decisions on audit worksheets, and completes the necessary tasks on Premium Audit software to determine premiums for actual exposures.
Performs calculations needed to enter the manual and automated commercial premiums and exposures along with statistical information on audits and audit cancellations on the Policy Administration system.
Researches and manually calculates rates and premiums for added class codes on manual audits, or any audit with a mid-term change and composite audits.
Analyzes information submitted by the insured, validates, then enters reporting form dailies into Policy Administration System.
Evaluates the audited figures to determine the impact to the current term.
Completes an endorsement if the policy meets defined criteria and refers major changes in exposures and/or classifications to the appropriate underwriter.
Learns and maintains a working knowledge of all current and previous rules and regulations required for every state and region.
Researches and concludes audit revision requests or refers to the Premium Audit Senior Analyst / Specialist and enters pertinent information such as underwriting instructions, agent concession, or specific reason for rule change on the Premium Audit software. Reviews correspondence from Insurance Bureaus and determines what changes need to be made to any audit that has been processed.
Responds to all audit-related inquiries in a timely manner from Westfield agency partners, insurers and company personnel which include such items as audit worksheets, audit status, procedures, billings, manual rules and audit premium questions.

0-2 years of experience in Premium Audit or a related field.
High School Diploma or General Education Diploma (GED) and/or commensurate work experience.

Location

Hybrid defined as three or more days per week in the office.

Behavioral Competencies

Collaborates
Communicates Effectively
Customer Focus
Decision Quality
Nimble Learning


Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

Westfield celebrates diversity and is committed to inclusion. All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

Job Summary

Employment Type:
Full Time Employee
Job type:
Federal Contractor
Skill Based Partner:
No
Education Level:
High school graduate
Work Days:
Mon, Tue, Wed, Thu, Fri
Job Reference Code
81338114_1
Salary
N/A
Licenses / Certifications:
N/A
Display Recommended WorkKeys®Recommended WorkKeys®:
Applied Math: 5
Graphic Literacy: 5

Workplace Documentation: 5