Senior Lead, P&C Industry Financial Data Analysis

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Our Underwriting Solutions unit in Jersey City is looking for a Leader for Insurer Financial Data Analysis responsible for the maintenance and development of products providing information to the insurance industry based on analysis of insurer financial data. 

About the Day to Day Responsibilities of the Role

• Responsible for the management, maintenance, and enhancement of the products associated with quarterly analyses of P&C insurance industry financial results. Drafts the quarterly reports published jointly by Verisk and its partners. Keeps track of major events in the industry and assesses their impact on the industry results. As needed, develops special analyses to evaluate the effects of unique events. 
• Serves as a custodian of the statutory data acquired from A.M. Best over the years. This includes detailed knowledge of the opportunities and limitations of this data. Creates analyses and data extracts as needed for other groups at Verisk and guiding others at Verisk in extraction and usage of this data. Leads the annual acceptance of the data provided by A.M. Best, working both with A.M. Best and Verisk teams to make sure the data used by Verisk is valid and properly documented. 
• Responsible for the management, maintenance, and enhancement of the products, currently delivered in the form of Actuarial and Strategic Data Insights (ASDI) circulars, that provide information about insurers’ expenses to supplement the core ISO products based on the detailed statistical data.  
• Responsible for the management, maintenance, and enhancement of the analyses that use econometric data and forecasts to provide insights into frequency, severity and exposure trends. May also provide feedback to the analysts, actuaries, and data scientists on updates to the trend models. 
• Identifies additional enhancements and methodologies that should be implemented in other ASDI circulars with relative ease (including ones based on customer feedback). 

#LI-SM1

Qualifications

About You and How You Can Excel in this Role

• Bachelors degree. Advanced degree or insurance designation (e.g., ACAS/FCAS, CPCU) desired. Economics degree or courses a plus. 
• 5+ years of experience minimum
• Strong familiarity with statutory accounting and insurers’ statutory financial reporting. 
• Outstanding analytical skills and strong technical inclination for working with a variety of software packages. 
• Excellent communication skills. Some experience writing and editing texts for trade publications is welcome but not required. Ability to adjust to the differences in professional dialects of the diverse groups of partners and consumers. 

Additional Information

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing boundaries

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

Consumer Privacy Notice

At Verisk, the health and safety of our people is our number one priority.  Effective November 15, 2021, and subject to applicable law, all prospective hires for office based roles or roles that support any of our businesses’ government contracts will be required to demonstrate that they are fully vaccinated against COVID-19 by their start date, or qualify for a legally-required medical or religious accommodation to this vaccination requirement, as a condition of employment. Hired candidates who do not demonstrate that they are fully vaccinated against COVID-19 by their start date, and who have not been approved for a legally-required medical or religious accommodation will no longer meet the requirements for employment and their offers of employment will be immediately rescinded, in accordance with applicable law.