Actuarial Analyst or Business Analyst
Verisk Analytics
IT
Jersey City, NJ, USA
The Regulatory and Contractual Reporting unit is seeking an early-career Actuarial Analyst or Business Analyst to contribute to the success of one of Verisk's most important roles in the insurance industry - a statistical agent and data partner to insurance companies, regulatory entities, and federal and local government agencies.
In our strong team of experienced, intelligent, and collaborative actuarial and business analysts, you will have the opportunity to work with all lines of insurance for which data are reported to Verisk, including, but not limited to, Personal and Commercial Property, Personal and Commercial Auto, Liability, Terrorism, Aircraft, Surety and Fidelity, etc. During data quality reviews, regulatory filings, and data reporting you will utilize your skills in Excel and Access, and programming languages like SQL, Python, and VBA. You will exercise your time management prowess and project leadership competence through timely and accurate reporting to our government and industry customers. You will also be tasked to identify and implement efficiencies and enhancements to production processes and introduce innovations.
Your communication skills are a part of the balance you bring to the table because interacting with the team and responding to questions from customers (internal and external) and regulators on filings, circulars, and other ISO products will be a part of your day-to-day job.
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/
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The Regulatory and Contractual Reporting unit is seeking an early-career Actuarial Analyst or Business Analyst to contribute to the success of one of Verisk's most important roles in the insurance industry - a statistical agent and data partner to insurance companies, regulatory entities, and federal and local government agencies.
- Bachelor's degree in a STEM major or with STEM coursework learned in associated majors (Actuarial Science, Computer Science, Data Engineering, Data Science, Mathematics, Applied Mathematics, Statistics, Finance, Economics).
- 2-5 years of Property-Casualty insurance work experience.
- Passing of at least two actuarial exams is preferred. Commitment to attainment of an insurance professional designation (ACAS, CPCU, AIDM), or of a technology or project management designations.
- Data management skills and knowledge of insurance data management principles.
- Experience in quantitative and qualitative data analysis.
- Familiarity with insurance coverages, actuarial methodologies, and quality control.
- Technical background includes proficiency in MS Office applications and understanding of computer programming / software development concepts.
- Proficiency in SQL, VBA, SAS, R, Python, ETL tools or Business Rules Engines; fluency in cloud databases and workflow scripts (e.g. Jupyter Notebooks) is a plus.
- Background experience in Tableau, Power BI, ThoughtSpot, Spotfire, COGNOS, or other data visualization software would be advantageous.
- Strong written and oral communication skills.
- Ability to work independently and as part of a team.
- Working knowledge of cross-functional collaboration
- Ability to work under time constraints, multi-task, and adjust plans in the face of changing priorities.
- Continued desire and ability to learn.
- Ability to perform essential duties with or without reasonable accommodation.
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- Perform analysis of large data sets to assure the quality of all products and filings.
- Collaborate with other divisions regarding regulatory data needs.
- Support the team in fulfilling contractual obligations at the federal and state levels.
- Preparation of annual Statistical Agent filings and other compilations required by insurance regulators.
- Detailed data reviews, both on transactional and aggregate levels.
- Writing and running programs to extract data for review and report compilation.
- Develop more efficient, automated ways to improve procedures including data quality and error detection.
- Utilize extensive experience in problem solving, troubleshooting, and investigation.
- Interaction with ISO’s insurer customers and other organizations regarding data review prior to submission to regulators and state insurance departments.
- Grow subject matter expertise on several lines of property-casualty insurance business.
- Hone foundational skills in communicating analytical results and insights through clear summaries, exhibits, and visualizations.