Regulatory Reporting Analyst jobs in United States
cer-icon
Apply on Employer Site
company-logo

National Indemnity Company · 1 month ago

Regulatory Reporting Analyst

National Indemnity Company, part of the Berkshire Hathaway Group of Insurance Companies, is seeking a Regulatory Reporting Analyst. This role involves managing compliance within insurance regulatory systems and serving as a subject matter expert for data collection and submission to regulatory bodies.

Financial ServicesInsurance

Responsibilities

Serve as the Subject Matter Expert (SME) for how to collect data from various company systems and being familiar with where data resides in systems
Serve as the SME for how to prepare data submissions to rating bureaus or state departments of insurance, which includes:
Scanning data for errors
Communication with other departments within the company regarding any issues
Preparing a final data file
Proposing changes to prevent future errors from occurring
Including any transmittal letters which may be required
Submission of data and error corrections to rating bureaus or state departments of insurance
Interaction with rating bureaus or state departments of insurance including:
Responding to questions about the data and/or errors
Retrieving Error Reports from the insurance bureaus websites
Fixing errors found by the rating bureaus, departments of insurance, or as requested by management
Updating daily checklists and saving in designated shared drive folder
Perform QC of workers compensation policy reporting performed by third party vendor
Act as liaison between third party vendor and BHDIC to ensure the work transitioned to the vendor is performed accurately and timely and to answer questions and/or perform training to the vendor as needed
Have the ability to work early morning hours to accommodate vendor time zone (only when meetings with vendor are scheduled for which SME attendance is required—this is not anticipated to be a daily event, but could occur once per week)
Assist with or create procedure documents, as requested
Work various department reports, as management may assign (to include, but not limited to error reports) and assign work to third party vendor, as may be requested
Serve as backup to the other Regulatory Reporting Analysts on the Regulatory Reporting Team (who perform similar duties). This may include being trained in new tasks (including downloading error reports, and other duties, as required)
When backup assignments are issued, this team member will serve as backup to other team members to cover some or all of their duties when they are out of the office. Likewise, when this team member is out of the office, the other team members will provide backup to this team member. The intention is to have a team which is fully cross-trained on all duties so work does not get backed up
Other duties as assigned or required

Qualification

Workers compensation reportingMicrosoft ExcelData submissionAttention to detailMulti-taskingEffective communication

Required

Understanding of the manual workers compensation policy reporting process and all systems used for said reporting
Proficiency in Microsoft Office applications, specifically Excel (apply/remove filters, sorting data, and inputting data in correct format is critical to maintain the integrity of formulas within Excel files)
An obsession with detail and inability to let problems grow, regardless of their magnitude
Willingness to perform additional duties, as required
Ability to follow instructions (training will be provided)
Ability to communicate effectively with peers and management
Ability to multi-task with multiple systems/applications open simultaneously
Demonstrates the need to ask questions for clarity when something isn't clear

Preferred

A bachelor's degree in Math, Economics, Finance, or other quantitative degree preferred

Benefits

Medical (PPO/HDHP), vision, disability, and life insurance.
Enhanced dental plan with orthodontia coverage in addition to a standard plan.
Generous PTO plan for all benefit-time eligible employees.
Paid company holidays and 4 floating holidays.
Paid parental leave.
Employee Retirement Savings Plan/401(k) with company match and immediate vesting.
Education Assistance Program that offers 100% upfront tuition reimbursement after 6 months of service for approved degree programs.
Service Recognition Program that provides a monetary award to be used toward a vacation every 5 years of employment.
Wellness Initiatives that include Fitness Center and Weight Watchers Reimbursement programs.
Voluntary benefits that include accident, critical illness, and hospital indemnity.
Employee discount and rewards program on travel, tickets, electronics, home, and more.

Company

National Indemnity Company

company-logo
National Indemnity Company is the lead member of the National Indemnity group of insurance companies. It is a sub-organization of Berkshire Hathaway.

Funding

Current Stage
Late Stage
Company data provided by crunchbase