Premium Audit Operations Support (Senior)

Mitsui Sumitomo Insurance Group (MSIG) is one of the world’s top ten property/casualty insurance carriers with over 38,000 employees worldwide. MSIG insures large multinational and domestic companies, and offers comprehensive global insurance programs.  Our US subsidiary, Mitsui Sumitomo Marine Management (MSMM), currently has an opportunity available for a Senior Premium Audit Operations Support position in our Warren, NJ office.

PURPOSE SUMMARY:  Responsible for processing final audits as well as basic technical and administrative support to the Premium Audit Department in order to ensure an effective and efficient operation, servicing the needs of our team, internal customers and external customers. 

Essential Duties and Responsibilities include the following. Other duties may be assigned.  (Identify what percentage of time will be spent on the essential functions)

• Rate Workers’ Compensation and General Liability Audits to ensure accurate calculations for audit premiums. Responsible for departmental flow of operation including posting, reviewing and distributing audits, rating and verifying WINS postings daily and reconciling open items. This includes manual rating in processes and WINS data entry.
• Distribute and post final result of audits (ROA’s).
• Monitor all Test Audit requests. Handle documentation, compilation and processing of all Test Audits including uploading documentation to Bureaus’ websites in a timely fashion avoiding delinquency fines.
• Oversee “data management” of the audit build/assignment process by preparing audits for final assignment to the field including reviewing endorsements, prior year matching, verifying prior year attachments, policy estimate accuracy, and correspondence with underwriting in a timely and accurate fashion in accordance with departmental guidelines. Includes understanding the impact of specific endorsements on final audit handling.
• Manage the voluntary audit operation by distributing audit requests, tracking and following up on progress and posting status modifications and audit documentation to ensure the audit is completed in a timely fashion. 
• Manage the Audit Department mailbox and Bureau Crits – including ensuring timely and accurate sorting and distributing of email to the appropriate parties as well as updating any applicable worksheets and files (Spreadsheet / PAM). Distribute all other related correspondence (mail, emails) to the appropriate parties in a timely and accurate fashion.
• Conduct weekly processing of vendor check requests by obtaining required signatures and submitting documentation to the Treasury Department in a timely manner to ensure timely payment to the vendors.
• Responsible for the creation and reconciliation of the WINS Month End report.

There are 3 areas that the support staff will be evaluated on from a job performance standpoint.

• Rating of WCP, GL & XWC Policies
• Test Audit/Voluntary Audit Management
• Audit Build Process/Management

Supervisory Responsibilities

This job has no supervisory responsibilities.

Education and/or Experience                                                  

High school diploma or general education degree (GED) required, Bachelor’s Degree preferred; premium audit experience required including audit processing and rating WC and GL audits.

Certificates, Licenses, Registrations

Completion of APA 91-Principles of Premium Auditing Examination within 1 year of hire date.