Job Title: Premium Auditor- Hybrid Role
Job Location: Louisville, KY
Job Type: Full-time
Midwestern Insurance Alliance (MIA) is seeking a full-time Premium Auditor to join its workers’ compensation audit team at its headquarters in Louisville, KY.
MIA is a program administrator offering custom-tailored workers’ compensation insurance programs through its carrier partners. MIA’s acquisition by San Diego-based K2 Insurance Services in 2012. MIA offers the opportunity to join an established company in growth mode. Our benefits package includes medical, dental, vision, disability, and life insurance and 401 (k) with employer match.

JOB SUMMARY:

The Premium Auditor performs audits on policyholder records to ensure the proper calculation and collection of workers’ compensation insurance premiums. The auditor evaluates the client’s payroll, financial records, and operational activities to determine appropriate premium amounts while ensuring compliance with insurance policies and industry regulations.

REQUIRED SKILLS AND QUALIFICATIONS:

• Knowledge of workers’ compensation insurance policies and premium calculation methods a plus.
• Strong analytical and problem-solving skills.
• Proficient in using auditing tools, accounting software, and Microsoft Office Suite.
• Attention to detail and accuracy in documentation and reporting.
• Ability to communicate effectively with clients and internal teams.
• Strong organizational skills and the ability to manage multiple audits simultaneously.
• Valid driver’s license and ability to travel as needed (some roles may require travel to client sites).

PREFERRED SKILLS:

• Experience working with different types of business entities, from small businesses to large corporations.
• Familiarity with industry regulations and compliance standards.

• Conduct detailed audits of policyholders’ payroll, financial records, and other relevant documentation to determine the correct classification and premium assessment for workers’ compensation coverage.
• Review financial statements, payroll records, tax filings, and other business documents to assess risk exposure and ensure accuracy.
• Verify proper classification codes for each job type and ensure businesses are correctly categorized.
• Identify and assess discrepancies between reported information and actual business operations, investigating any significant differences.
• Communicate with clients to gather necessary documentation, answer questions, and resolve any issues identified during the audit process.
• Prepare audit reports detailing findings, discrepancies, and recommended premium adjustments.
• Collaborate with underwriting, claims, and other departments to ensure accurate premium assessments.
• Stay updated with industry trends, insurance regulations, and changes in state or federal laws affecting workers’ compensation premiums.
• Ensure audits are completed within specified timelines and in accordance with company policies and regulatory standards.