Regulatory Reporting Analyst
About The Position
Regulatory Reporting is looking for a driven individual to assume a critical role within the Policy Reporting and Proof of Coverage (POC) Department. Responsibilities include monitoring the timeliness & accuracy of our Workers Compensation data to Regulatory Organizations, identifying system issues, and assisting our internal & external customers with all Policy & POC inquiries. Key responsibilities: Identify disconnects, omissions, and errors in underwriting issuance and servicing processes to reduce carrier fines and insured penalties. Interpretation and dissemination of Regulatory requirements/updates and their potential impacts on underwriting processes, issuance systems requirements. Make recommendations on and assist in the coordination of systems changes to maintain data compliance/quality. Responsibilities include writing, testing, and implementing the new/updated requirements Review U/W systems to confirm accuracy of submissions/issuances. Facilitate communication, cohesion and resolution among underwriters, brokers, and insureds. Attend broker meetings when necessary Research and clear system and state returned errors from the reporting system in a timely manner by working with the Internal and External parties. Investigate, identify the root cause, and provide solutions for management.
Requirements
- Strong analytical & excellent organizational skills
- 1+ year of business experience.
- Proficient in Microsoft Office Suite
- Strong verbal and written communication skills
- Self-motivated, ability to multitask
- Ability to streamline and automate existing processes
- Work well both independently and as part of a team
- Ability to work in a fast-paced environment
- Ability to provide training and guidance
Nice To Haves
- Insurance experience is a plus.
Responsibilities
- Identify disconnects, omissions, and errors in underwriting issuance and servicing processes to reduce carrier fines and insured penalties.
- Interpretation and dissemination of Regulatory requirements/updates and their potential impacts on underwriting processes, issuance systems requirements.
- Make recommendations on and assist in the coordination of systems changes to maintain data compliance/quality.
- Responsibilities include writing, testing, and implementing the new/updated requirements
- Review U/W systems to confirm accuracy of submissions/issuances.
- Facilitate communication, cohesion and resolution among underwriters, brokers, and insureds.
- Attend broker meetings when necessary
- Research and clear system and state returned errors from the reporting system in a timely manner by working with the Internal and External parties.
- Investigate, identify the root cause, and provide solutions for management.
Benefits
- we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
- Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
