Job Purpose
As a Personal Lines Junior Auditor, you will be responsible for ensuring the accuracy, compliance, and integrity of personal lines insurance policies and operations. This involves conducting detailed audits, analyzing data, and identifying discrepancies and potential risks. You will collaborate with various teams to address findings, improve processes, and support business decisions.
Duties and Responsibilities
- Responsible for identifying potential risks and implementing solutions to mitigate them.
- Assess the accuracy of underwriting decisions, including risk assessments and premium calculations.
- Examine personal insurance policies to ensure they are compliant with company procedures, regulatory requirements, and industry standards.
- Review policy documentation for accuracy and completeness.
- Ensure that the company's personal lines operations adhere to relevant insurance regulations and industry guidelines.
- Identify discrepancies, errors, or potential risks in personal lines operations and report their findings to management.
- Assist in generating reports based on audit findings to support business decisions.
- Assist in implementing quality assurance practices to enhance service delivery.
- Collaborate with teams (underwriting, claims, customer service) to address audit findings and improve processes.
- Assist in the development and implementation of training programs related to compliance and quality assurance.
- Maintain detailed records of audit activities and findings.
- Perform other related tasks as required.
Qualifications
- Minimum 1 year of successful underwriting or auditing experience in a general insurance brokerage (preferred).
- Proficient with insurance policy systems as well as MS Office, specifically Excel, Word, and Outlook.
- College or University level Degree/Undergraduates Degree or equivalent education is considered an asset.
- R.I.B.O (Level I) License is considered an asset.
- Experience working with company portals and Broker Management System (EPIC) is considered an asset.
- CIP or CAIB Certification or working towards its completion is considered an asset.
Competency
- Demonstrated ability to handle multiple priorities successfully.
- Excellent verbal and written communication skills.
- Strong analytical, time management and organizational skills.
- Strong attention to detail.
- High level of integrity, confidentially, and accountability.
- In-depth understanding of insurance regulations and industry standards.
Job Types: Full-time, Permanent
Work Location: In person