Underwriting Audit Specialist
and conduct independent underwriting audits for all lines of business for the
underwriting operations of our growing client, including subsidiary
companies and their respective underwriters or producers with delegated
underwriting authority. Summarizes findings in audit reports and provides
recommendations to the affected business and corporate underwriting. Follows up
on all recommendations until resolution of the audit subject matter is achieved
and establish audit schedules assuring all underwriting operations are audited
on an agreed time-line.
and maintain internal audit standards and procedures, including documentation,
auditing criteria, forms, and specific areas to be covered.
and maintain appropriate audit criteria based upon specific underwriting
authority delegated to each subsidiary and their respective underwriters
including employees, contractors or producers that may hold underwriting
authority such as classes of business, limits of insurance, pricing and policy
terms and conditions.
files, analyzing quality and selection, quoting, pricing, and insurance of new
and renewal business to determine if it is in accordance with Company’s current
audit reports including findings and recommendations and have them reviewed and
signed off by the Director of internal audit.
with affected underwriting operations to develop responses and necessary
actions responsive to audit findings.
written responses to audit findings and follow-up until all issues have been
and lead intercompany audit teams auditing underwriting operations against
direction into corporate underwriting guidelines, philosophies and general
look for opportunities and recommend efficiencies to improve underwriting
performance and processes.
up to 25%, will be required, with overnight stays necessary.
state and federal regulatory environments.
of effectively reviewing and auditing financial and other files and making
decisions from the findings.
Must have in-depth knowledge of the underwriting
function and insurance coverage, underwriting process and compliance procedures
for a variety of risks including EXCESS AND SURPLUS lines of
ability to be a critical thinker to identify and analyze exposures, recognize
areas of concern, and develop appropriate solutions.
to maintain strong working relationships with all underwriting operations
including subsidiary companies.
ability to explain decisions to others and negotiate appropriate solutions.
effective organization and workload management skills.
attention to detail.
analytical skills required.
ability to work independently.
to travel determined by business needs.
degree or a combination of intermediate to complex account underwriting
experience and industry specialized training will be considered in place of a
Prior auditing experience preferred, can train MOST
IMPORTANT TO HAVE STRONG COMMERCIAL UNDERWRITING AND E&S A MAJOR PLUS!
experience in a professional insurance position in property/casualty insurance
plus completion of the AU designation or two parts of CPCU desired.
knowledge of the property and casualty industry is required, with knowledge of
surplus and specialty lines preferred.