Sr. Regulatory Reporting Analyst (Remote/Hybrid)
At Selective, we don't just insure uniquely, we employ uniqueness.
Our Business Selective is a midsized U.
S.
domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years.
Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Work in 2023.
Working at SelectiveAt Selective, we don't just insure uniquely - we employ uniqueness.
Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success.
Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Employees receive comprehensive total rewards packages - including competitive compensation and performance awards, health benefits, and retirement savings - and professional development opportunities and flexible schedules to support their health, wealth, and well-being.
Join our team and help make a difference.
1.
Responsible for the timely and accurate submissions of Commercial and Personal lines of business statistical and regulatory reporting requirements to state departments of insurance, ISO, MA CAR, SFAA, NCCI and independent Workers' Compensation and other statutory and regulatory entities.
2.
Analyze the impact to regulatory reporting work processes due to new product offerings, systems changes, or changes to regulatory reporting requirements, and work in collaboration with various business areas, business analysts, IT, and other stakeholders throughout the organization to ensure data is reported in a timely and accurate fashion.
3.
Evaluate data discrepancies and data quality issues affecting reporting to identify the root cause, document and communicate requirements to resolve issues, perform user acceptance testing, and approve implementation of changes.
4.
Respond to internal inquiries, and regulatory and statistical organizations edits, criticisms, and inquiries from the within the required timeframe.
5.
Reconcile regulatory reported and financial data and analyze and investigate anomalies.
6.
Stay current with regulatory requirements by reviewing and analyzing regulatory bulletins and circulars.
7.
Develop and maintain effective relationships with external parties, including ISO, MA CAR, SFAA, NCCI and state WC bureaus, state departments of insurance and trade organizations as appropriate in the course of Selective and industry response to data calls, interrogatories and market analysis.
8.
Understand the usage and relevance of company data sources and policy and claims admin systems in relation to regulatory reporting and ensure availability of statistical data for all relevant data sources and lines of business.
9.
Ensure procedures and workflows are well documented and kept current, author / alter procedure documents as needed to address new requirements, product changes and statistical changes.
10.
Proactively review and evaluate internal processes for effectiveness and efficiency identify alternative approaches and implement solutions to enhance the consistency, quality and timeliness of reporting.
Requirements and
Qualifications:
Excellent analytical and logic skills.
Knowledge of commercial and personal P&C insurance products and insurance department requirements and processes.
Proven ability to problem-solve independently, as well as work in a team environment.
Intermediate to advanced Microsoft Excel skills required.
Prior familiarity and experience with the ISO web-based edit package application desired.
Knowledge of Financial Statements (Annual Statements, Statutory Page 14's, and Insurance Expense Exhibits) desired.
Excellent communication skills with the ability to work with others as a team player as well as independently on individual tasks and projects.
Strong interpersonal and collaboration skills with the ability to achieve results within and across diverse organizational units and disciplines.
Strong sense of individual ownership and accountability.
EDUCATION &
Experience:
The level of understanding and skill required for a specific functional area or discipline.
College Degree or equivalent work experience.
7
years previous work experience with a commercial Property and Casualty Insurance carrier 7
years Statistical/Regulatory Reporting experience or equivalent experience required.
The following are desirable (not required):
CPCU coursework or IDMA certificationPrior Actuarial or Accounting experienceStrong familiarity with statistical coding a plus.
Experience with SQL, COGNOS, or PowerBISalary range:
$69,600 - $114,500.
The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint.
Additional considerations include the candidate's qualifications and experience.
Selective is an Equal Employment Opportunity employer.
That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives.
We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success.
Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion.
We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
Selective maintains a drug-free workplace.
#LI-hybrid Recommended Skills Acceptance Testing Accounting Actuarial Science Analytical Casualty Insurance Claim Processing Estimated Salary: $20 to $28 per hour based on qualifications.
Our Business Selective is a midsized U.
S.
domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years.
Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Work in 2023.
Working at SelectiveAt Selective, we don't just insure uniquely - we employ uniqueness.
Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success.
Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Employees receive comprehensive total rewards packages - including competitive compensation and performance awards, health benefits, and retirement savings - and professional development opportunities and flexible schedules to support their health, wealth, and well-being.
Join our team and help make a difference.
1.
Responsible for the timely and accurate submissions of Commercial and Personal lines of business statistical and regulatory reporting requirements to state departments of insurance, ISO, MA CAR, SFAA, NCCI and independent Workers' Compensation and other statutory and regulatory entities.
2.
Analyze the impact to regulatory reporting work processes due to new product offerings, systems changes, or changes to regulatory reporting requirements, and work in collaboration with various business areas, business analysts, IT, and other stakeholders throughout the organization to ensure data is reported in a timely and accurate fashion.
3.
Evaluate data discrepancies and data quality issues affecting reporting to identify the root cause, document and communicate requirements to resolve issues, perform user acceptance testing, and approve implementation of changes.
4.
Respond to internal inquiries, and regulatory and statistical organizations edits, criticisms, and inquiries from the within the required timeframe.
5.
Reconcile regulatory reported and financial data and analyze and investigate anomalies.
6.
Stay current with regulatory requirements by reviewing and analyzing regulatory bulletins and circulars.
7.
Develop and maintain effective relationships with external parties, including ISO, MA CAR, SFAA, NCCI and state WC bureaus, state departments of insurance and trade organizations as appropriate in the course of Selective and industry response to data calls, interrogatories and market analysis.
8.
Understand the usage and relevance of company data sources and policy and claims admin systems in relation to regulatory reporting and ensure availability of statistical data for all relevant data sources and lines of business.
9.
Ensure procedures and workflows are well documented and kept current, author / alter procedure documents as needed to address new requirements, product changes and statistical changes.
10.
Proactively review and evaluate internal processes for effectiveness and efficiency identify alternative approaches and implement solutions to enhance the consistency, quality and timeliness of reporting.
Requirements and
Qualifications:
Excellent analytical and logic skills.
Knowledge of commercial and personal P&C insurance products and insurance department requirements and processes.
Proven ability to problem-solve independently, as well as work in a team environment.
Intermediate to advanced Microsoft Excel skills required.
Prior familiarity and experience with the ISO web-based edit package application desired.
Knowledge of Financial Statements (Annual Statements, Statutory Page 14's, and Insurance Expense Exhibits) desired.
Excellent communication skills with the ability to work with others as a team player as well as independently on individual tasks and projects.
Strong interpersonal and collaboration skills with the ability to achieve results within and across diverse organizational units and disciplines.
Strong sense of individual ownership and accountability.
EDUCATION &
Experience:
The level of understanding and skill required for a specific functional area or discipline.
College Degree or equivalent work experience.
7
years previous work experience with a commercial Property and Casualty Insurance carrier 7
years Statistical/Regulatory Reporting experience or equivalent experience required.
The following are desirable (not required):
CPCU coursework or IDMA certificationPrior Actuarial or Accounting experienceStrong familiarity with statistical coding a plus.
Experience with SQL, COGNOS, or PowerBISalary range:
$69,600 - $114,500.
The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint.
Additional considerations include the candidate's qualifications and experience.
Selective is an Equal Employment Opportunity employer.
That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives.
We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success.
Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion.
We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
Selective maintains a drug-free workplace.
#LI-hybrid Recommended Skills Acceptance Testing Accounting Actuarial Science Analytical Casualty Insurance Claim Processing Estimated Salary: $20 to $28 per hour based on qualifications.
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