Premium Audit Analyst

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Date: Oct 4, 2021

Location: Bethlehem, PA, US

Company: New York Life Insurance Co

 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

GBS2021

 

 

Role Summary

Process Sales Compensation forms by calculating estimated annual premiums and increases for timely and accurate submission in alignment with payroll processing targets.  Collect required documents and data elements and apply policy plan design information in order to validate premiums. Work with internal and external business partners to investigate and resolve premium anomalies and unexpected variances. May be required to complete assigned portions of validations, audits, special projects, and process improvement initiatives.

 

Responsibilities

  • Process Sales Compensation forms timely and accurately to ensure payroll schedule processing targets are met.
  • Calculate estimated annual premiums and increases for submission to internal Sales Compensation business partners.
  • Collect and validate required documents and data elements.
  • Review client census data and apply policy plan designs in order to calculate estimated premiums.
  • Work with internal and external business partners to investigate and resolve premium anomalies and unexpected variances.
  • Provide timely and accurate responses to phone and email inquiries from internal and external business partners.
  • May be required to complete assigned portions of validations, audits and special projects in accordance with established audit schedules and internal procedures.
  • Develop and/or recommend training programs to address process gaps and assist with completion of process improvement initiatives.
  • Comply with departmental policies regarding ethical and proper use of company equipment, including internet access, email and phone usage.

 

Qualifications

  • Bachelor’s degree in Accounting, Finance or other related field preferred.
  • Strong understanding of accounting principles, inclusive of cash and accounts receivable management, is preferred.
  • Insurance industry knowledge and experience is a plus.
  • Understanding of audit standards, practices, and techniques is a plus.
  • Strong focus on customer service when partnering with internal and external business partners.
  • Excellent communication and interpersonal skills.
  • Ability to prioritize and work with a sense of urgency in a fast-paced environment.
  • Ability to work successfully both independently and in a team environment.
  • Intermediate to proficient knowledge of Microsoft Office (Word, Excel and Access).

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by our Foundation. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 83934

 

 

 


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