Reinsurance Specialist jobs in Minneapolis, MN

Position: Premium Auditor

Location: St. Paul, MN; Hybrid Role – Minimum 2 days in-office required (Wednesday mandatory), candidate must be within driving range to the St. Paul office.

If you are tired of the same old premium audit work, consider joining our team. Use your experience and knowledge to work with self-insured companies from a wide variety of industries. The Workers’ Compensation Reinsurance Association (WCRA), a nonprofit association providing workers’ compensation reinsurance coverage to all Minnesota insurers and self-insurers, is seeking an individual for the position of Premium Auditor.

This position is responsible for accurately determining the final policy premium for Workers' Compensation Policies by validating class codes assigned to each policy, confirming the proper payroll, and setting modification factors. This is done through data collection, analysis, review of relevant records, and discussions with members over the phone or through email. Members range from small companies to large corporations/groups with complex operations.

Key Responsibilities

• Perform primarily virtual workers’ compensation premium reviews of self-insured member operations including examining, verifying, and recording pertinent classification-related data from the member-reported payroll and class code data. Occasional field audits of members will be required.
• Determine and/or develop premium basis and classification.
• Ensure the quality of the data through proper classification, exposure basis identification, and documentation.
• Discuss issues and problems with members to ensure understanding of their premium basis and to maintain good member relations.
• Complete audit worksheets and process the audit findings in the company system.
• Participate in the annual collection and review of member-reported experience rating data.

Qualifications

• Bachelor’s degree or equivalent in experience
• Three years of insurance industry experience in premium auditing
• Knowledge of workers' compensation insurance premium auditing practices and procedures
• Ability to deal diplomatically with WCRA members
• Capable of independent research and analysis
• Good oral and written communication skills
• Strong organizational skills and attention to detail

Why WCRA?

• Health Insurance (Medical, Dental, Vision)
• 401(k) Plan with a Company Match
• Traditional Employer Funded Pension Plan
• Employer-Funded Retiree HRA
• Flex Spending Plans (Health, Dependent Care)
• Health Savings Account Match
• Life/AD&D Insurance
• Short- and Long-Term Disability Insurance
• Paid Time Off
• Professional Development Assistance
• Tuition Assistance for Job-Related Education

The WCRA is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

Equal Opportunity Employer

Job Type: Full-time

Pay: $68,000.00 - $72,000.00 per year

Schedule:

• Monday to Friday

Experience:

• workers' comp. premium audit: 3 years (Required)

Work Location: Hybrid remote in Saint Paul, MN 55101