Senior Lead, P&C Industry Financial Data Analyst

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

ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. To learn more about ISO please visit us at:  www.verisk.com/iso. We are proud to be a part of the Verisk family of companies! 

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.   

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do. 

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.