Premium Audit Specialist

| Chicago, IL, USA
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Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. We’re an innovative organization that’s small enough to be agile and big enough to make a difference in our industry.  

Our flexible workplace is continuously evolving to ensure all employees feel: 

  • Comfortable bringing their whole selves to work. 
  • Confident that they will be treated respectfully. 
  • Recognized for their performance and provided with equal opportunities to succeed. 

At Argo, skill meets opportunity. If you’re wired to raise your hand and ask, “Where can I help?”, you’ll thrive with us. 

The Premium Audit Specialist works within the newly centralized Premium Audit function and will be responsible for ensuring that Argo receives the fullest extent of available audit premium across eligible lines of business. The Premium Audit Specialist will work with our vendor partners to ensure the accurate and timely completion of premium audits. This role will also review and resolve audit disputes, ensuring that key stakeholders are engaged and informed as needed. This role will also act as a subject matter expert in helping to develop and grow the premium audit function and providing guidance and support to the audit processing team. The individual must possess the ability to read and interpret coverages for one or more of the following: General Liability, Commercial Auto, and Workers' Compensation, lines of business. The role will work hybrid (no less than three days per week on-site) at either our Chicago, New York City, San Antonio, TX office.

How You Will Make an Impact:

  • Partner with Underwriting, Onshore Operations, and Offshore Teams to help manage the Premium Audit process lifecycle.
  • Handle audit dispute resolutions independently, and in collaboration with the business and other support functions in a timely manner.
  • Ensure audit results are communicated to customers and partners in a professional, timely, and accurate manner.
  • Ensure that premium audits and related endorsements are produced, booked, and invoiced timely and accurately.
  • Work with Accounting to ensure timely collection of audit premiums.
  • Provide feedback to leadership regarding trends and training opportunities identified through premium audit reviews.
  • Keep up with ISO and PAAS bulletins and other industry developments impacting premium audit.
  • Maintain compliance of Argo’s premium audit practices with state and other regulatory agencies and Argo underwriting guidelines.
  • Examine policyholder records to establish the actual exposure basis.
  • Verify risk classification and class codes of policyholder operations.
  • Respond to underwriter, insured and agency partner requests and questions regarding premium audits.
  • Perform other duties and assignments as directed.

What We Need:

  • High School Diploma or GED with equivalent industry experience.
  • 3 Years of premium audit experience.
  • Experience in managing a vendor and/or the setting and maintaining of operational Service Levels.
  • Experience within Construction General Liability insurance.
  • Knowledge of insurance premium audit best practices across Commercial E&S and Specialty Insurance lines and specifically, General Liability.
  • Knowledge of classification guidelines across Commercial E&S and Specialty Insurance lines and specifically general Liability.
  • Knowledge of accounting and financial documentation as relates to premium justification.
  • Strong attention to detail.
  • Strong written and verbal communication skills with the ability to communicate professionally and effectively with internal stakeholders and external customers and other third parties.
  • Ability to work efficiently and effectively with little supervision.
  • Highly collaborative and enjoys working as part of a team.
  • Completion of one or more of PAAS, ISO and/or NCCI professional development programs, preferred.

Physical Demands

Unless otherwise specified below as an essential function of the job, this role generally operates within a standard office environment (on-site, remote or hybrid); requiring the use of a PC and other related office equipment.

PLEASE NOTE:  At this time, Argo Group will not sponsor an applicant for employment authorization for this position.

If you have a disability under the Americans with Disabilities Act or a similar law and you wish to discuss potential accommodations related to applying for employment at Argo Group, please contact our Benefits Department at 210-321-8400. 

To all recruitment agencies:  Unless you have been requested to work on this position, or other positions with Argo Group, please do not forward any resumes to Argo Group employees.   Argo Group is not responsible for any fees related to unsolicited resumes.

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. The company is a wholly owned subsidiary of Brookfield Reinsurance Ltd. Argo and its insurance subsidiaries are rated ‛A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information about Argo is available at www.argogroup.com.

We are an Equal Opportunity Employer. We do not discriminate on the basis of age, ancestry, color, gender, gender expression, gender identity, genetic information, marital status, national origin or citizenship (including language use restrictions), denial of family and medical care leave, disability (mental and physical) , including HIV and AIDS, medical condition (including cancer and genetic characteristics), race, religious creed (including religious dress and grooming practices), sex (including pregnancy, child birth, breastfeeding, and medical conditions related to pregnancy, child birth or breastfeeding), sexual orientation, military or veteran status, or other status protected by laws or regulations in the locations where we operate. We do not tolerate discrimination or harassment based on any of these characteristics. 

The collection of your personal information is subject to our HR Privacy Notice

Our Benefits

Developing our employees professionally and personally strengthens our organization.
Argo Group offers an attractive Total Rewards package that includes:

  • A culture that recognizes performance and empowers employees to excel, offering competitive compensation and merit driven profit sharing.
  • Flexible workplace policies that support employee well-being include compressed hours, flex-time, job-sharing, remote work, sabbatical leave, and holiday hours.
  • Comprehensive health, wellness, and financial planning options that employees can tailor to meet their personal and family needs.  In addition to traditional health and wellness plans, benefits include dental, disability, life insurance, medical, and vision insurance, matching 401(k) retirement savings, generous paid time off (21 days of PTO, 11 paid company holidays, 3 floating holidays and a paid voluntary day), paid caregiver and parental leave, paid bereavement, jury duty/court appearances, and military (up to 14 days) leave, employee assistance program (EAP), and an array of voluntary benefits.  
  • Argo Academy, a digital and instructor-led platform that offers continuous learning and professional development – Training magazine lists Argo among the Training "Top 125" Companies.   Argo encourages career mobility and continuing education to pursue and maintain professional and industry designations, in addition to traditional university and higher education programs.
  • An inclusive culture that develops and sponsors diverse teams, encourages cross-functional engagement and collaboration, builds community through employee resource groups (ERGs), and provides an environment that welcomes ongoing dialogue, creative innovation, professional and personal development.
  • Active community outreach and volunteer programs.
  • A generous Employee Referral program that results in approximately 25% of all new hires annually.
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