Actuarial Data Quality Analyst

NJ Compensation Rating & Inspection Bureau•Newark, NJ
•Hybrid

About The Position

The Actuarial Data Quality Analyst supports the Bureau's actuarial and data services functions by ensuring the quality, accuracy, and integrity of financial and statistical data submitted by member carriers. The role analyzes reporting trends, identifies data anomalies, investigates reporting discrepancies, collaborates with carriers to resolve data quality issues, and develops reporting edits to improve data integrity. It also prepares analyses, exhibits, and reports supporting actuarial ratemaking, research, regulatory reporting, and strategic initiatives. The position contributes to continuous improvement, operational excellence, and customer service. Employees are expected to stay current on relevant Bureau policies, procedures, and industry developments and perform other duties as assigned in support of departmental and organizational objectives. The position description is not exhaustive, and additional duties consistent with the role and operational needs may be assigned.

Requirements

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Analytics, Finance, Economics, Computer Science, or a related quantitative field.
  • Strong analytical and quantitative problem-solving skills.
  • Ability to identify trends, anomalies, and inconsistencies within complex datasets.
  • Strong written, verbal, and interpersonal communication skills.
  • Excellent organizational skills and attention to detail.
  • Proficiency with Microsoft Excel and other analytical software.
  • Ability to learn Bureau systems, reporting processes, and workers' compensation insurance operations.
  • Ability to communicate effectively in person, by telephone, and electronically.
  • Ability to occasionally lift and carry materials weighing up to 15 pounds.

Nice To Haves

  • Progress toward actuarial examinations.
  • Experience analyzing financial, insurance, or statistical data.

Responsibilities

  • Review financial and statistical data submissions for completeness, accuracy, and compliance with Bureau reporting requirements.
  • Analyze submitted data to identify trends, inconsistencies, anomalies, and reporting errors.
  • Investigate data quality issues and coordinate corrective action with member carriers.
  • Monitor reporting timeliness and completeness while maintaining data integrity standards.
  • Maintain documentation supporting data validation and reporting procedures.
  • Prepare exhibits, reports, and analytical summaries supporting actuarial ratemaking and research activities.
  • Analyze premium, payroll, exposure, loss, and financial information to identify trends and reporting issues.
  • Assist with actuarial studies, statistical analyses, and regulatory reporting.
  • Support development of analytical models and reporting methodologies as assigned.
  • Develop, maintain, and enhance reporting edits and automated validation processes.
  • Participate in testing system enhancements and reporting improvements.
  • Assist in documenting business requirements for new reporting functionality.
  • Recommend improvements to reporting processes, edit logic, and data quality controls.
  • Respond to technical questions regarding financial and statistical reporting requirements.
  • Communicate reporting discrepancies and required corrections to member carriers.
  • Collaborate with Actuarial, Rating & Underwriting Services, Information Technology, and other departments to resolve reporting issues.
  • Assist with training and guidance regarding reporting procedures and data quality standards.
  • Contribute to process improvement initiatives and maintain current knowledge of relevant Bureau policies, procedures, and industry developments.
  • Perform other duties as assigned in support of departmental and organizational objectives.
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