Director of Premium Audit

Cedar Rapids, IA - USA

Yearly Salary: $ 123866 - 163369

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

UFG is currently hiring for a Director of Premium Audit to be responsible for correctly identifying and determining proper earned premium on adjustable and reporting form coverage policies or for the servicing of the same. This position is accountable for contributing to the profitable operation of all businesses within UFG by leading a team which has responsibility for some aspect of determining proper earned premiums on adjustable and reporting form coverage policies or for the servicing of same.

Essential Duties and Responsibilities:

Perform all necessary staff management functions to meet production goals and to ensure that compliance and performance standards are achieved.
Manages staff to ensure adherence to UFGs best practices and to monitor the job knowledge level of staff.
Communicates effectively with senior management on topics related to premium audit (i.e. Audit thresholds concessions and other items)
Implement operations and premium audit strategies policies workflow processes and standards. Identify process improvements to gain operational efficiencies; Implement utilization of strategies as prioritized
Monitor the performance of the region/functional unit against established goals and performance standards. Initiate action to correct deficiencies where necessary. Adjust as necessary.
Build and maintain relationships with internal business partners to ensure their premium audit needs are being met and concerns are addressed.
Assure implementation of initiatives to maintain effective use of technology to ensure high quality service to business units and external customers such as brokers agents and insureds.
Represent the interests of Premium Audit to brokers agents and insureds as necessary and appropriate. Serve as an escalation point for issue resolution
Perform other duties as assigned.

Job Specifications:

Education:

College degree in Accounting Business Administration or related field preferred.

Experience:

7 years Premium Audit experience preferred.
2 years management experience preferred.
Experience leading a virtual team preferred.

Knowledge skills & abilities:

Solid communication skills and analytical aptitude required.
Advanced knowledge of the premium audit function premium audit systems and premium audit processing.
Familiarity with all related Commercial Lines functions (i.e. underwriting and marketing) preferred. Strong customer orientation and ability to build and maintain successful relationships within the company and with external contacts preferred.

Working Conditions:

General office environment with some overnight travel required.

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $123866 - $163369 annually which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors including relevant experience education certifications skills internal equity geography and market data.

In addition to base salary UFG Insurance offers a comprehensive total rewards package that includes:

Annual incentive compensation
Medical dental vision & life insurance
Accident critical Illness & short-term disability insurance
Retirement plans with employer contributions
Generous time-off program
Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

Required Experience:

Director

UFG is currently hiring for a Director of Premium Audit to be responsible for correctly identifying and determining proper earned premium on adjustable and reporting form coverage policies or for the servicing of the same. This position is accountable for contributing to the profitable operation of ...