Premium Audit Analyst I

As a Premium Audit Analyst I at MEMIC, your key responsibilities include reviewing and processing premium audits for accuracy and compliance with NCCI and state guidelines. You'll be providing customer service support to auditors, agents, and insureds, along with researching state regulations for proper audit processing. Additionally, you'll report any potential abuses in claims or premiums and support the Premium Audit Assistant as needed.

To apply for the Premium Audit Analyst I role at MEMIC, you should ideally have at least one year of audit or accounting experience. Strong organizational skills, attention to detail, and proficiency in Microsoft Word and Excel are also required. Above all, effective verbal and written communication skills are essential for success in this position.

MEMIC offers a comprehensive benefits package for Premium Audit Analyst I positions including health, dental, and vision insurance, life insurance, short and long-term disability coverage, and a 401(k) retirement plan with matching contributions. Additional perks include generous paid time off, flexible work schedules, educational assistance, and wellness programs.

Teamwork is crucial for the Premium Audit Analyst I at MEMIC. In this role, you'll collaborate with auditors, agents, internal business partners, and the Premium Audit Assistant to ensure all audits are completed accurately and efficiently. A team-oriented spirit helps foster a supportive work environment, allowing everyone to excel in their roles.

A Premium Audit Analyst I at MEMIC primarily uses Microsoft Word and Excel to perform their job duties effectively. Familiarity with these software programs will help you analyze data, generate reports, and manage audit documents with ease.

When answering this question, emphasize your attention to detail and systematic approach. Discuss how you review documents thoroughly, cross-check figures, and ensure compliance with regulations, illustrating your commitment to quality and accuracy.

In your response, mention any specific training or experience you have concerning state guidelines. Highlight how you stay current with changes in the law and your proactive approach to researching and applying these guidelines in your audits.

Explain your communication strategy for addressing concerns, such as remaining calm, focused, and empathetic. Provide examples of how you've successfully navigated such conversations in the past, indicating your ability to maintain professionalism.

Be prepared to discuss your proficiency with Excel, mentioning specific functions or features you frequently utilize, such as formulas, pivot tables, or data analysis tools. This showcases your technical skills essential for the role.

Share a specific instance where your attention to detail led to identifying an error, explaining the steps you took to correct it and the final outcome. This demonstrates your critical thinking and problem-solving abilities.

Reflect on your passion for working with numbers and compliance. You might express how the satisfaction of ensuring accuracy and helping insureds understand their audits drives you to excel in your role.

Discuss your strategies for prioritization, such as creating to-do lists, breaking larger tasks into manageable parts, or using digital tools to keep track of deadlines. Highlight your organizational skills in managing competing deadlines effectively.

Emphasize the importance of customer service in building relationships with auditors, agents, and insureds. Mention how providing clear communication and assistance enhances the overall audit process and supports positive business outcomes.

You could discuss methods like attending industry conferences, participating in webinars, or signing up for newsletters. Make it clear that keeping up with regulations is a priority for you, indicating your dedication to continuous professional development.

Describe your collaborative style, emphasizing openness to feedback, active listening, and supporting your colleagues. Share an example of a successful team experience, illustrating your positive contributions to group efforts.