Cincinnati Financial Corp

Premium Audit - Field Auditor - Commercial Insurance

Cincinnati Financial Corp$70K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in premium auditing or related field
  • Strong knowledge of property casualty lines and industry regulations
  • Effective communication and interpersonal skills
  • Demonstrated ability to work independently and manage time effectively
  • Relevant industry designations like APA or CPCU preferred
  • Proficiency in automation and data analysis tools

Responsibilities

  • Travel to conduct audits at commercial clients' locations
  • Develop earned premiums following company and regulatory guidelines
  • Review financial records to verify premium calculations
  • Establish correct policy classifications through interviews and inspections
  • Document operational changes at insured locations
  • Prepare detailed reports within set deadlines
  • Communicate audit findings effectively with agents and associates

Benefits

  • Company-provided vehicle
  • Stock options including Restricted Share Units and Incentive-based options
  • Generous paid time off (PTO) policy
  • 401K plan with 6% company match
Full Job Description
The Premium Audit Department of The Cincinnati Insurance Companies is currently seeking a premium auditor for our Kansas City, MOterritory to audit property casualty commercial lines policies to establish appropriate classifications, exposures and basis of premium. Develop earned premiums in accordance with company, industry and government rules and regulations.

The candidate is required to reside within the territory.

Salary: The pay range for this position is $70,000 - $100,000 annually. The pay determination is based on the applicant's education, experience, location, knowledge, skills and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Benefits in addition to compensation include:

  • company car
  • company stock options, including Restricted Share Units and Incentive based stock options
  • paid time off (PTO)
  • 401K with 6% company match


Be ready to:

  • travel to agents' commercial clients to conduct audits
  • develop earned premiums in accordance with company, industry and government rules and regulations
  • verify premium basis by reviewing ledgers, state or federal quarterly records, financial statements and other accounting records
  • investigate and establish correct policy classifications through personal interview and physical inspection of the insured's premises
  • document changes in the insured's operation
  • prepare and submit complete reports within established time frames
  • interact with agents and associates to communicate and support audit results


Be equipped with:

  • demonstrated the ability to work independently
  • strong organizational skills
  • effective communication
  • solid analytical skills
  • strong knowledge of the property casualty business and products
  • underwriting experience
  • strong automation skills


Bring education or experience from:

  • degree in insurance, accounting, or related field preferred
  • industry designation, Associate in Premium Auditing (APA) or Chartered Property Casualty Underwriter (CPCU) preferred
  • experience in insurance or risk management


Enhance your talents

Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you're new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional - all while enjoying a meaningful career.

Enjoy benefits and amenities

Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Learn more about our benefits and amenities packages.

About Cincinnati Financial Corp

Cincinnati Financial Corporation is a property casualty insurance company that primarily operates in the Midwest and Southeastern regions of the United States. The company offers a wide range of insurance products, including personal, commercial, and life insurance. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio. The company has a strong financial position and has consistently paid dividends for over 60 years. Cincinnati Financial Corporation is committed to providing excellent customer service and has received numerous awards for its claims handling and customer satisfaction.
Learn more about Cincinnati Financial Corp
Size
5,166 employees
Market Cap
$16.5 billion
Industry
Net Income
$1.2 billion
Founded
1950
5 Year Trend
+12.1%
Revenue
$7.5 billion
NASDAQ

Similar Jobs

More Jobs at Cincinnati Financial Corp

More Finance & Insurance Jobs

Find similar Premium Audit - Field Auditor - Commercial Insurance jobs: