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Coaction Global · 10 hours ago

Analyst, Regulatory Reporting

Morristown, NJ

Full-time

Hybrid

Mid Level

$95K/yr - $102K/yr

4+ years exp

Coaction Global is a unique mix of leaders and achievers in the insurance industry, and they are seeking a Regulatory Reporting Analyst. The role involves providing support for data reporting needs, managing the creation and submission of regulatory reports, and developing data trending techniques while coordinating with various departments and external vendors.

Commercial InsuranceFinanceFinancial ServicesInsuranceInsurTechProperty Insurance

Comp. & Benefits

Responsibilities

Interface with IT, Actuarial, Underwriting, Finance and Customer Service, along with outside vendors and/or rating organizations or bureaus to extract, analyze and report data to insurance departments, Workers’ Compensation rating bureaus and rating organizations

Spearhead effective data collection – by being the voice of analysis data users on new products, new systems and updates to data processes

Manage the research and creation of unit statistical reports on a monthly basis for our Work Comp book of business

Maintain accurate documentation of all work suitable for compliance examiners to audit. Inform management of limitations of work, data constraints, as

Validates entered data by reviewing, correcting, deleting and reentering accordingly

Oversees the aggregation of data that is not currently systematically aggregated

Assist with the trending of data reporting activity and immediately escalate all anomalies to Director of the Regulatory Reporting Unit

Point of contact for MGA’s reporting Final/Revised Audits

Participate in corporate data initiatives and keep abreast of current technological resources and tools including third party vendors of data and data mining, and statistical techniques to improve analysis preparation

Facilitate weekly conference calls to discuss data filings and remediate any errors in reporting

Manage Workers’ Comp criticism response process

Analyze identifying causes of fines/penalties for late and non-compliant reporting issues

Maintain central repository listing of data calls and surcharge reports, by due date, jurisdiction, and frequency of submission and method of submission

Maintain central repository listing of fines and penalties associated to Regulatory Reporting Unit. Process check requests as needed

Handle ad hoc data calls, financial / surcharge assessments and general statistical surveys from State Insurance Departments

Work with IT, Customer Service and other departments to improve or automate data reporting processes were possible

Handle other related projects as assigned

Qualification

Insurance data analysisRegulatory reportingData model designLarge data setsAnalytical skillsExecution orientationCommunication skillsRelationship buildingAttention to detail

Required

Minimum 4 years of insurance data analysis and/or regulatory reporting experience required

Broad based global insurance industry experience

Subject matter expert, possesses ability to work independently with little guidance

Extensive experience with large data sets and data model design

Strong process, systems, and analytical skills and with a high attention to detail

Strong execution and results orientation & ability to develop a high-performance organization

Strong communication (oral and written) and influencing skills and demonstrated ability to work across interdisciplinary teams that are geographically