Liberty Mutual Insurance is seeking an Associate Premium Auditor who will play a crucial role in ensuring the financial integrity of premium development. The auditor will examine policyholders' operations and financial records to ensure accurate calculations and communicate findings through detailed reports.
Responsibilities
- Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks
- Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines
- Communicate audit findings through detailed formal reports supported by audit workpapers
- Review appropriate audit documentation and/or company policy systems, to determine specific coverages provided by the policy and plan audit strategy
- Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period
- Prepare detailed work papers and written correspondence in support of audit findings
- Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract. With strict oversight, schedule audit appointments with policyholders taking into account priority of assignments and location within assigned territory
- Develop effective workload management skills through efficient time utilization including managing work-in-process and documenting progress for appropriate stakeholders/management
- Prepare routine administrative tasks such as: Time Tracking, Expense Reports, Mileage Reports, etc
Skills
- Perform examination of policyholders' accounting and financial records to ensure accurate calculation of earned premium for smaller, less complex risks
- Ensure that audited exposures (payroll, sales, fixed assets, etc.) are accurately calculated within strict insurance guidelines
- Communicate audit findings through detailed formal reports supported by audit workpapers
- Review appropriate audit documentation and/or company policy systems, to determine specific coverages provided by the policy and plan audit strategy
- Investigate policyholder operations to obtain actual exposures, verify classifications as they apply to the policy and ensure conformity to various state laws and insurance regulations for the appropriate audit period
- Prepare detailed work papers and written correspondence in support of audit findings
- Identify issues to be communicated and socialize the audit information to appropriate stakeholders (i.e., Central Processing, Distribution, Underwriting, Agent/Broker, etc.) to elaborate on current risk conditions or initiate necessary changes to the policy contract
- With strict oversight, schedule audit appointments with policyholders taking into account priority of assignments and location within assigned territory
- Develop effective workload management skills through efficient time utilization including managing work-in-process and documenting progress for appropriate stakeholders/management
- Prepare routine administrative tasks such as: Time Tracking, Expense Reports, Mileage Reports, etc
Benefits
- Flexible Time Off Annual Accrual - days: 15
- Comprehensive benefits
- Workplace flexibility
- Professional development opportunities
Company Overview
Liberty Mutual Insurance provides a broad range of insurance products and services. It was founded in 1912, and is headquartered in Boston, Massachusetts, USA, with a workforce of 10001+ employees. Its website is http://www.libertymutualgroup.com.Company H1B Sponsorship
Liberty Mutual Insurance has a track record of offering H1B sponsorships, with 7 in 2025, 14 in 2024, 5 in 2023, 8 in 2022, 12 in 2021, 5 in 2020. Please note that this does not guarantee sponsorship for this specific role.
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