Underwriting Audit Specialist - Compliance

Company: Philadelphia Insurance Companies
Location: Trenton
Posted on: June 26, 2022

Job Description:

Marketing Statement Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.Duties We are looking for a Underwriting Audit Specialist to join our team.Summary:Ensures commercial lines policies and procedures are in compliance with state regulations and in accordance with established company policies and procedures.A typical day will include the following:Completes file audits on new and renewal business and assesses the quality of risk selection and adherence to established underwriting procedures and regulations.Monitors audit activity for accuracy and completion according to guidelines.Documents findings from peer audit activity and analyzes the results for trends by Underwriter, teams, products, regions and/ or state to provide Underwriting Management with accurate and detailed information of any issues.Determines root causes of errors by reviewing results against existing guidelines, processes and/or training to determine action plans for improvement.Identifies training needed by the Underwriting staff and work with the training staff to develop the appropriate training objectives.Assist Underwriting Management in facilitation of these improvements and training.Qualifications Successful candidates will have the following:At least 5 years underwriting and/or rating experience with a commercial insurance carrier.Bachelor's Degree.Attention to detail, ability establish partnerships with clients and peers and knowledge and understanding of state laws and regulations regarding insurance #LI-MH1 EEO Statement Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law. Benefits We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx REQNUMBER: 1007679-1D

Keywords: Philadelphia Insurance Companies, Trenton , Underwriting Audit Specialist - Compliance, Accounting, Auditing , Trenton, New Jersey