What are the responsibilities and job description for the Business Analyst | Regulatory Data Reporting position at Verisk?
Job Description
This role focuses on Property and Casualty insurance regulatory and statistical reporting.Candidates should have experience with P&C insurance regulatory reporting environments such as statistical plans, bureau reporting, regulatory reporting or state insurance filings.The ideal candidate is verse in client solution implementation and will be responsible for dealing with data; data management, regulatory reporting requirements, and data analysis. This contributes to our ability to support and assist with our external partner's reporting responsibilities and prepare data reviews, regulatory filings and compilations in a timely and accurate manner for submission to state insurance departments and ISO affiliates.
You will have the opportunity to learn and apply insurance business knowledge and your skills in order to research and implement data capture mechanisms and strategies that will maximize usability of reported data for our products and services.
As a member of the Data Management Solutions unit, you will be involved with data mining, manipulation and onboarding of new clients. You will have close interactions with stakeholders (internal and external) on regulatory data reporting requirements, and other data management activities. You will be involved in creating, building and improving processes and procedures to support different strategic plans.
Responsibilities
About the Day to Day Responsibilities of the Role
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.
At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.
For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer, testaments to the value we place on workplace culture.
We’re 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.
Verisk Businesses
Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.
Marketing Solutions — delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement
Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.
Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
Verisk Analytics is an equal opportunity employer.
Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.
All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.
https://www.verisk.com/company/careers/
Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.
Verisk Employee Privacy Notice
This role focuses on Property and Casualty insurance regulatory and statistical reporting.Candidates should have experience with P&C insurance regulatory reporting environments such as statistical plans, bureau reporting, regulatory reporting or state insurance filings.The ideal candidate is verse in client solution implementation and will be responsible for dealing with data; data management, regulatory reporting requirements, and data analysis. This contributes to our ability to support and assist with our external partner's reporting responsibilities and prepare data reviews, regulatory filings and compilations in a timely and accurate manner for submission to state insurance departments and ISO affiliates.
You will have the opportunity to learn and apply insurance business knowledge and your skills in order to research and implement data capture mechanisms and strategies that will maximize usability of reported data for our products and services.
As a member of the Data Management Solutions unit, you will be involved with data mining, manipulation and onboarding of new clients. You will have close interactions with stakeholders (internal and external) on regulatory data reporting requirements, and other data management activities. You will be involved in creating, building and improving processes and procedures to support different strategic plans.
Responsibilities
About the Day to Day Responsibilities of the Role
- Create and modify instructions which will enable us to extract, transform and summarize insurance regulatory data, as input to derive desired results.
- Contribute to our business processes and recommend improvements in data management, error identification, quality control, process automation, and analytic techniques.
- Provide input and suggestions for our data reporting infrastructure, while working closely with our development team.
- Provide high quality support to client needs including data profiling, mapping and data lineage, data transformation and development, data quality analysis, and data and business inquiry resolutions around P&C insurance lines.
- Collaborate with other divisions, integrating information from multiple sources along with independent analysis and research to prepare appropriate data capture mechanisms and support.
- Ability to prioritize business needs and make decisions while handling multiple projects.
- Use appropriate business language to develop clear and concise data reporting standards and instructions.
- Background in property/casualty insurance, business analysis or insurance operations preferred; knowledge of ISO regulatory data reporting plans and/or bureau reporting requirements; knowledge of ISO Underwriting and Rating Products, state insurance filings is a plus
- At least 2 years of relevant work experience, including validating and reconciling policy, premium, exposure and claims data for regulatory submissions. Experience and analysis using large and complex datasets.
- Experience with data management technologies (SQL, Snowflake, etc) is a plus.
- Have a good understanding of and experience with data manipulation, transactional-level data generation and data validation procedures including small to mid-size data transformations, cleansing and validation scripts.
- Working knowledge of any reporting or Business Intelligence tools a plus.
- Solid background in Microsoft Office (Word, Excel at minimum).
- Passion for problem solving with strong critical thinking and analytical skills.
- Strong written and oral communication skills.
- Ability to work under time constraints and adjust plans in the face of changing priorities.
- Must be a self-starter, self-motivated, customer-service oriented and capable of working both independently and in a team environment.
- Continued desire and ability to learn.
- Professional insurance exams a plus; CPCU, IDMA, etc.
- Bachelor’s degree in a relatable topic
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.
At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.
For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer, testaments to the value we place on workplace culture.
We’re 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.
Verisk Businesses
Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.
Marketing Solutions — delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement
Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.
Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
Verisk Analytics is an equal opportunity employer.
Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.
All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.
https://www.verisk.com/company/careers/
Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.
Verisk Employee Privacy Notice
Salary : $75,000 - $80,000