Premium Auditor
RLI Corp
Peoria, IL, USA
USD 54,392-76,285 / year + Equity
Posted on Apr 15, 2025
About Us
We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.
Position Purpose
Under general management, engages in audit analyses for commercial line policies. Reviews relevant policyholder records to identify and communicate risk exposures and ensure appropriate premiums are charged. Responsible for scheduling audits, conducting reviews, and providing a summary of results to underwriting, producers, and policyholders. Responsible for overall audit results and reports to management.
Principal Duties & Responsibilities
Engages in premium audit analyses to ensure proper premiums are being charged.
Audits relevant policyholder records, including financial statements, payroll records, and accounting records.
Gathers data to determine actual earned exposures for workers' compensation, general liability, and excess liability policies.
Contacts underwriters or producers to reconcile discrepancies between audit information and policy statement.
Performs other duties as assigned.
Education & Experience
Typically requires a bachelor’s degree in accounting, finance, business administration, or a related field
2+ years of related experience
[OR] equivalent level of education and experience
Knowledge, Skills, & Competencies
Ability to examine and process large quantities of financial records to determine proper policy exposures.
Ability to effectively manage relationships with underwriters, producers, and policyholders.
Ability to use spreadsheet software to summarize and analyze large amounts of policyholder data.
Ability to analyze and improve workflow, process and procedures.
Ability to communicate audit process with insureds from a nontechnical perspective.
Compensation Overview
The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.
Base Pay Range
$54,392.00 - $76,285.00Total Rewards
At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.
Financial Incentives
Annual bonus plans
Employee stock ownership plan (ESOP)
401(k) — automatic 3% company contribution
Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Work & Life
Paid time off (PTO) and holidays
Paid volunteer time off (VTO) to support our communities
Parental and family care leave
Flexible & hybrid work arrangements
Fitness center discounts and free virtual fitness platform
Employee assistance program
Health & Wellness
Comprehensive medical, dental and vision benefits
Flexible spending and health savings accounts
2x base salary for group life and AD&D insurance
Voluntary life, critical illness, & accident insurance for purchase
Short-term and long-term disability benefits
Personal & Professional Growth
RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:
Training & certification opportunities
Tuition reimbursement
Education bonuses