Auditor

Company: Liberty Mutual Insurance
Location: Bala Cynwyd
Posted on: September 2, 2024

Job Description:

Schedule: Full-Time Salary Range: USD $91800.00 - $171100.00 Job Category: Claims Pay Philosophy The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. Description Liberty Mutual has an immediate opening for an Auditor, Underwriting Specialized Services to join our Compliance Unit. It this role, you will apply expertise to review and analyze claim files to determine compliance with claim handling guidelines, programs and procedures. Review and analyze the Claims/Loss handling standards, capabilities, and best practices of various Third-Party Administrators (TPAs), Self-Administered programs (SAPs), and Risk Management operations which underlie Liberty Mutual's Primary and Excess coverages. This includes analyzing a broad assortment of Loss exposures, claims files, and historical loss runs (WC, GL & Auto Liability) to assess the quality of the handling, and determine if it meets industry and Liberty Mutual standards. Includes travels to TPAs, SAPs, prospects, insured's, and broker locations, and meeting with Claims Managers, Defense Counsel, and financial personnel within the organizations to acquire a knowledge of how the Risk Management departments is organized and claims are reported and managed. The ideal location for this position is in a GRS Claims Office. You will be required to go into the office twice a month if you reside within 50 miles of one of the following offices: Bala Cynwyd, PA; Boston, MA; Chicago, IL; Hoffman Estates, IL; Indianapolis, IN; Lake Oswego, OR; Las Vegas, NV; Plano, TX; Suwanee, GA; Syracuse, NY; Tampa, FL; or Weatogue, CT. Please note this policy is subject to change. Job Responsibilities: Audits a full range of claims files including complex cases, bankruptcy cases, litigated claims and long-term exposures to assess handling, determine reserve adequacy, defense strategies, and opportunities for settlements and closed cases to gauge potential of reopening. Prepares Formal Audit reports to internal stakeholders on results of audits. Conducts follow-up meetings and/or conference calls to monitor and update ongoing issues. Supports Underwriting in prospecting and renewal efforts by reviewing loss runs and identifying claims which may present Liberty Mutual with exposures within excess policy layers. Conducts file audits at the request of the UWSS Director on behalf of Underwriting, Legal, Collections & Loss Billing, etc. to identify claims issues and/or assess the adequacy of short-term & long-term reserves, positions for defense & settlement, applicability of Clash Deductibles, and the erosion/exhaustion of Corridor Deductibles and Excess Indemnity/Basket Aggregates. Conduct audits by special request from UWSS Management, Underwriting, Sales Distribution, Collections & Billing or Legal to address concerns or specific claims handling issues. Participates in Mid-Term Account Reviews (MTAR) and other forums to provide commentary on audit results and claims issues at the account level. Participates in calibration training and development of audit results reports. Provides meaningful remediation/action plans for quality assurance reports, regional and state audit failures, and other audit issues. Provides meaningful remediation/action plans for quality assurance reports, regional and state audit failures, and other audit issues. Participates in calibration and/or re-testing to determine whether the remediation/action plans developed were successfully implemented and corrected previously identified issues. Conducts a variety of reviews for various departments throughout the year that include analyses of TPA or SAP claims, Clash Deductibles, Corridor Deductibles, Uninsured/Underinsured Motorist claims, Loss Portfolio Transfer (LPT), and Buy-out potential. Maintains the UWSS server and updates action items included in tracking sheets for Un-Bundled and Non-Standard XS Programs. Arranges travel requirements as needed and processes expense account reimbursement requests. Tracks expenses to conform to budget guidelines. Qualifications Bachelor's degree or equivalent training required. Minimum 5 - 7 years or progressively more responsible and related experience required. Compliance background preferred. Self-Administered Programs and/or Third-Party Administrators knowledge and experience preferred. Experience with Loss Runs (Workers Compensation, General Liability and Auto Liability) required. Demonstrated proficiency with Excel. Strong written and oral communication skills required. Ability to report and present to all-level Business Partners. Strong interpersonal and analytical skills required. Comprehensive knowledge of Claims Department handling guidelines, policies, procedures and programs required. Knowledge of assigned line of business, general insurance policy coverage and State Tort Law. About Us **This position may have in-office requirements depending on candidate location.** At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession. Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices California San Francisco Los Angeles Philadelphia Employment Type: Full Time

Keywords: Liberty Mutual Insurance, Philadelphia , Auditor, Accounting, Auditing , Bala Cynwyd, Pennsylvania