An insurance auditor is in charge of looking into potential changes in premiums and liability coverage for policyholders. After completing an undergraduate accounting program, you can work as an insurance auditor. When you use an internship to find a concentration area, your career prospects may improve. Auditors must maintain their certification and education in the insurance auditing profession. As an insurance auditor, you can work for a variety of local, regional, and national companies.
An undergraduate degree in accounting can pave the way to a career as an insurance auditor. The intensive work with complex formulas and documentation required for an auditing career should be part of an accounting curriculum. To become an insurance auditor, you can combine accounting courses with electives in insurance law and business. A law degree with an emphasis in insurance law could help you advance to management positions in the future.
You can work as an insurance auditing intern during your junior and senior years of college. Your internship advisor might know someone who works in an auditing department at a local hospital. An internship like this allows you to ensure that insurance paperwork for doctors and patients is accurate. You could work for an insurance company as an intern, assisting with business audits and premium adjustments.
Insurance auditors with proper certifications are sought by every insurance company and regulatory body. You may be required to pass a certification exam administered by an industry group that represents insurance auditors, and your local or regional government may require insurance auditors to be licensed before they can work. Certain types of insurance could be required to undergo ethical training and audit certification by a national government agency.
When you stay informed about changes in insurance auditing, you become more valuable to potential employers. Attending regional and national insurance provider conferences can keep you up to date on changes in audit procedures. Attending in-house seminars can help you impress your boss while also learning about insurance trends. Subscribing to insurance magazines and journals may provide you with some insurance auditing tips.
Your first job as an insurance auditor may set the tone for the rest of your career. You might want to stay close to home while working for a reputable local insurance company. If you work for a national insurer, your annual salary, benefits, and advancement opportunities may all improve. By applying for a temporary-to-hire position with a staffing agency, you might be able to work as an insurance auditor. Another option is to apply for an entry-level insurance position with the goal of eventually progressing to an auditing position.