Society Insurance · 9 hours ago

Regulatory and Statistical Reporting Analyst

Fond Du Lac County, WI

Full-time

Remote

Mid Level

3+ years exp

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Insurance

Hiring Manager

Rose McPhee, PHR, SHRM-CP

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Responsibilities

Researches, formulates, and communicates simple-to-moderate data for statistical and regulatory reporting solutions.

Assists with data call requirements/filing forms for regulatory agencies and/or state insurance departments, to include the workers’ compensation line of business. Ensures required data is reported to reporting bureau accurately and timely and recommends corrective action when required.

Oversees statistical reporting to bureaus such as National Council on Compensation Insurance (NCCI) and Wisconsin Compensation Rating Bureau (WCRB) to ensure compliance.

Serves as super-user of statistical and regulatory agencies/vendor products to assist with compliance reporting. Works with vendors that provide services for regulatory reporting.

Stays current with statistical manuals, bureau filing requirements, statistical plans, data requirements, and regulatory reporting items to include IAIABC (International Association of Industrial Accident Boards and Commissions).

Proactively monitors regulatory reporting processes for upcoming change impacts.

Assesses, communicates, and collaborates with Business and IT regarding regulatory change impacts/product impacts on business & regulatory reporting transactions.

Identifies opportunities and recommends data and reporting initiatives that support corporate strategic plans, goals, and objectives related to regulatory reporting.

Assists with investigating and using pre-editing programs to identify and resolve errors prior to submission to regulatory reporting bureaus.

Builds, maintains, and distributes compliance reports for management review.

Acts as a subject matter expert to IT for system programming to develop/map reporting fields or when programming impacts statistical reporting.

Manages data reporting for statutory and regulatory data requests. Communicates with internal departments regarding data issues with input errors or incorrect interpretations of policy coverage, data, and regulatory reporting solutions. Identifies and recommends changes to automated systems to comply with reporting requirements.

Develops, writes, and participates in testing scenarios based on analysis of business process or product changes. Participates in investigations and resolution of fines or inquiries from regulatory reporting bureaus.

Assists in the design and development of new reporting processes and trains staff to maintain processing once implemented.

Qualification

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Regulatory ReportingStatistical ReportingCasualty InsuranceISO StandardsNCCI ComplianceData AnalysisBusiness Process AnalysisCompliance Reporting

Required

Associate’s degree in business or related field. Equivalent industry experience may be considered.

3+ years of Property and Casualty insurance industry experience.

Knowledge of commercial P&C insurance products and insurance department requirements and processes.

Strong communication, analytical, and problem-solving skills.

Preferred

Prior experience with ISO (Insurance Services Office), NCCI (National Council on Compensation Insurance), and independent state bureaus and analysis of circulars, regulations, and statutes highly desirable.