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Finance Analytics and Insights Manager

Overview The Virtual Auditor performs virtual audits of varying complexity ensuring the accuracy of earned premium risk calculations. Responsible for handling of audits within the $10,000 to $50,000 estimated premium range. Investigates and verifies the premium base exposures according to policy contract terms, manual rules, company filings, and procedures. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.Responsibilities• Demonstrates proficient knowledge and skill in performing virtual audits on Workers Compensation and General Liability policies under limited supervision. Examines records to ensure that calculations of earned premium for risks are accurate.• Validates that the correct classes are applied and are in accordance with governing regulatory agencies and/or independent state bureaus and company procedures by reviewing financial records and other relevant materials.• Identifies, researches, and corrects policy-rating issues discovered during the audit process. Works to resolve audit discrepancies and disputes.• Performs other value add services including new business service calls, scheduled check-ins with account personnel.• Reviews results of audits with producers, underwriters, insured’s, and Premium Audit leadership.• Provides excellent customer service to both internal and external customers throughout the life cycle of the premium audit function.• Keeps current with manual rules, market trends and demands.• Performs other functionally related duties as assignedRequiredQualifications• Bachelor’s Degree in Accounting, Finance, Business, or related discipline OR equivalent experience• Excellent written, verbal, and interpersonal communication skills• Demonstrated proficiency with Microsoft Office Suite• Strong organizational, analytical, customer service and interpretive skills.• Ability to effectively multi-task and work in a fast-paced, team-oriented environmentPreferred• 3 or more years of premium audit experience• Associates in Premium Audit Program (APA) certification preferred OR working towards APA certificationThe salary range for this role is $55K - $65K a year. This range is only applicable for jobs to be performed in California. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics. This range may be modified in the future.What We OfferAmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.
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What You Should Know About Finance Analytics and Insights Manager, BD

Step into an exciting opportunity as a Finance Analytics and Insights Manager with AmTrust based in Franklin Lakes, NJ. In this dynamic role, you’ll engage in the thrilling world of virtual audits, ensuring the accuracy of earned premium risk calculations ranging from $10,000 to $50,000. Your keen eye for detail will shine as you investigate and verify premium base exposures according to policy contracts and company procedures. You’ll work under limited supervision, demonstrating your proficiency in performing audits on Workers Compensation and General Liability policies. It’s a role that not only requires technical skills but also excellent interpersonal savvy, allowing you to liaise with producers, underwriters, and insured parties to provide exemplary customer service. Keeping current with manual rules and market trends means you’ll always be at the top of your game, and your analytical skills will come in handy to identify and resolve discrepancies swiftly. We’re looking for someone who can juggle multiple tasks in a fast-paced environment and communicate effectively, making you an integral part of our mission at AmTrust. If you have a Bachelor’s degree in Accounting, Finance, or a related discipline, and a background in premium audits, you’ll find a welcoming home here. With diverse career advancement opportunities and a competitive compensation package, this role is about more than just numbers; it's about making a real difference for our clients and your career.

Frequently Asked Questions (FAQs) for Finance Analytics and Insights Manager Role at BD
What are the responsibilities of a Finance Analytics and Insights Manager at AmTrust?

As a Finance Analytics and Insights Manager at AmTrust, you will be responsible for conducting virtual audits on Workers Compensation and General Liability policies, ensuring that all calculations of earned premium are accurate and compliant with regulatory standards. You’ll identify and resolve any discrepancies in policy ratings and maintain excellent customer service throughout the audit lifecycle. Your role will involve collaborating with internal and external stakeholders to review audit results, alongside keeping abreast of manual rules and market trends that affect the auditing process.

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What qualifications do I need to apply for the Finance Analytics and Insights Manager position at AmTrust?

To apply for the Finance Analytics and Insights Manager position at AmTrust, you should possess a Bachelor’s degree in Accounting, Finance, Business, or a related field. Alternatively, equivalent experience may be considered. Proficiency in Microsoft Office Suite, coupled with strong communication, organizational, and analytical skills, is essential. Additionally, having three or more years of premium audit experience and an Associates in Premium Audit Program (APA) certification, or working towards it, is preferred.

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What is the salary range for the Finance Analytics and Insights Manager at AmTrust?

The salary range for the Finance Analytics and Insights Manager at AmTrust is typically between $55K and $65K a year, specifically for roles in California. Keep in mind that the base pay may vary based on your education, experience, skills, and other factors such as geographic location and specific responsibilities associated with the position.

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What benefits does AmTrust offer for the Finance Analytics and Insights Manager position?

AmTrust offers a competitive benefits package for the Finance Analytics and Insights Manager, which includes a mix of medical and dental plans, life insurance options for employees and their families, 401k savings plans, and paid time off. These benefits are all part of our commitment to fostering a supportive work environment and ensuring our employees feel valued and secure.

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How can I prepare for an interview for the Finance Analytics and Insights Manager role at AmTrust?

Preparing for an interview for the Finance Analytics and Insights Manager role at AmTrust entails familiarizing yourself with the virtual audit process and coming equipped with specific examples of how you've succeeded in previous roles. Highlight your customer service skills, particularly in resolving disputes or discrepancies, and be ready to discuss your analytical approach to problem-solving. Researching current market trends and regulations in the insurance industry will also give you an edge.

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Common Interview Questions for Finance Analytics and Insights Manager
What experience do you have with virtual audits in your previous roles?

When answering this question, provide specific examples of virtual audits you have conducted, including the types of policies and any complexities you navigated. Highlight your understanding of both protocol and customer service, emphasizing the importance of accuracy and compliance.

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How do you ensure accuracy in premium calculations during an audit?

To ensure accuracy in premium calculations, I implement a systematic approach by meticulously cross-referencing policy terms against financial records and regulatory standards. Discuss any tools or methods you've used to validate your findings, highlighting your analytical skills and attention to detail.

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Can you describe your process for resolving audit discrepancies?

In resolving audit discrepancies, I first gather all related documentation to understand the nature of the issue. Then, I communicate with all involved parties—both internal and external—to confirm what went wrong. It's crucial to document every step taken and provide a clear explanation during follow-ups.

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What steps do you take to stay updated on industry regulations and trends?

Staying updated on industry regulations involves regular reading of industry publications, attending training sessions, and engaging with professional networks. Discuss any specific resources you find valuable or any relevant certifications you pursue to enhance your knowledge in premium auditing.

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How do you manage multiple audits simultaneously?

Managing multiple audits simultaneously begins with prioritizing tasks based on deadlines and complexity. I utilize project management tools to stay organized and ensure regular check-ins with my team to provide updates and delegate tasks as necessary, ensuring nothing falls through the cracks.

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What do you consider the most challenging aspect of premium auditing?

The most challenging aspect of premium auditing can often be ambiguity in policy interpretations or inconsistencies in data provided. I tackle this by ensuring clear communication with stakeholders and meticulous documentation of procedures and decisions made during the audit to minimize confusion.

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How would you handle a situation where you disagree with a stakeholder about audit findings?

Handling disagreements about audit findings is best approached with a collaborative mindset. I would present my findings with supporting data, seek to understand the stakeholder's perspective, and work toward a resolution that satisfies both parties. Open dialogue is crucial in these situations.

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Explain how you might provide value-added services during a premium audit?

Value-added services during a premium audit can include training opportunities for clients about potential risk factors, completing check-ins with account personal during the audit process, and suggesting improvements based on audit findings to enhance future compliance and risk management strategies.

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What tools and software are you proficient in, and how do they assist you in audits?

I'm proficient in the Microsoft Office Suite and several industry-specific software tools for data analysis. These tools greatly aid in managing data accurately and efficiently throughout the audit lifecycle. Cite specific examples where these tools provided insights or improved audit accuracy.

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Why do you want to work for AmTrust as a Finance Analytics and Insights Manager?

I am eager to work for AmTrust because of its strong commitment to excellence and diversity, which aligns with my professional values. I admire the company's emphasis on continuous learning and advancement, and I'm excited about the prospect of contributing to a company that values its employees and their development.

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DATE POSTED
November 28, 2024

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