Senior Premium Auditor Salary
Just below three-fifths of Senior Premium Auditors in the United States have been in the field for more than 10 years. Pay can fall anywhere from $42K to $91K per year, but median earnings come to around $63K annually. Residence is the biggest factor affecting pay for this group, followed by years of experience. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. Most workers in this position report high levels of job satisfaction. Most claim medical and dental insurance and the greater part get vision coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$44,281 - $80,711|
|Bonus||$193.92 - $6,375|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$42,140 - $90,867|
|Hourly Rate||$14.54 - $47.84|
|Bonus||$193.92 - $6,375|
|Total Pay (||$42,140 - $90,867|
Job Description for Senior Premium Auditor
Senior premium auditors typically work in the insurance industry performing insurance premium audits. Tasks performed by senior premium auditors include planning and conducting audits, preparing relevant reports for clients, and resolving audit discrepancies as required. They may have to train, coach and/or monitor new and junior premium auditors, and they need to ensure that all of the audits conducted meet company guidelines.Read More...
Senior premium auditors are required to travel to visit clients or prospective clients, and they must be comfortable making presentations within their own organization and to clients. They must stay up to date with government regulations relevant to the insurance industry, as well as pertinent industry trends. Additionally, senior premium auditors may be required to attend workshops and conferences relevant to their job.
At least a bachelor's degree in finance, accounting, business, marketing or another relevant field is typically required for this position, although some employers prefer a master’s degree as well. Companies often require that candidates have substantial work experience as premium auditors, preferably as senior premium auditors. Knowledge of basic computer software such as the Microsoft Office suite and industry-specific software (such as the auditing software used by their company) is also needed. Generally, industry certification such as the certified insurance premium auditor (CIPA) and the certified insurance premium telephone auditor (CIPTA) designations are preferred.
Senior Premium Auditor Tasks
- Analyze financial data to insure efficiency, accuracy, and compliance with relevant laws and standards, as well as to find instances of accounting deficiencies and/or fraud.
- Oversee, guide, and mentor junior auditors.
- Develop risk appraisal guidelines and audit paperwork templates.
- Plan and conduct audits, prepare reports on a monthly or yearly basis for clients, and take point as the lead reviewer.
Common Career Paths for Senior Premium Auditor
Senior Premium Auditors might see a strong upturn in salary after transitioning into upper-level roles such as Auditing Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $84K per year.
Popular Skills for Senior Premium Auditor
Job skills reported by Senior Premium Auditors are limited. Most notably, skills in Microsoft Excel, Windows Operating System General Use, Microsoft Word, and Microsoft Office are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office. Most people experienced in Microsoft Excel also know Microsoft Office.
Pay by Experience Level for Senior Premium Auditor
Pay by Experience for a Senior Premium Auditor has a positive trend. An entry-level Senior Premium Auditor with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 36 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Premium Auditor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $64,000 based on 36 salaries. An experienced Senior Premium Auditor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 41 salaries. A Senior Premium Auditor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 21 salaries.
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Key Stats for Senior Premium Auditor
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