Statistical Analyst

Job Summary

The Statistical Analyst is responsible for producing and analyzing statistical and insurance data to ensure the Company's compliance with state and federal insurance regulatory requirements. This role involves advanced insurance data analysis, interpretation, P & C insurance knowledge and strong SQL writing experience.

Duties and Responsibilities

• Prepare and submit monthly, quarterly and annual statistical filings and reports for applicable insurance department, Advisory Organizations (ISO, NCCI, NISS) and insurance bureaus.
• Create reports and queries to monitor the validity of the data submitted by agents, MGA's and Program Administrators
• Search and compile policy information from Company systems for Property & Casualty lines of business
• Run monthly edit programs on data and make necessary corrections to ensure data integrity for statistical agencies
• Analyze reoccurring data errors and make changes necessary to prevent future data errors
• Partner with IT on data filings, edit packages and improvements to the stat collection and filings process

• Verify data accuracy by reconciling statistical calls to state Annual Statement data

• Work towards minimizing fines for late or incorrect reporting
• Cross-train on all reporting bureau statistical plans

• Promote data quality within the company

• Manage bureau and insurance department portals by adding users, making changes to Company accounts and adding necessary data call reminders

• Ensure the accuracy of comprehensive catastrophe submitted to insurance departments

• Recommend changes to management for proper statistical reporting due to company changes in products or systems
• Prepare transmittal forms, affidavits, and other forms for the submission of data calls
• Create and maintain statistical manuals and reporting documentation online with the most current and up-to-date versions
• Respond to highly complex state requests for data

• Participate in and lead projects as assigned by management

Knowledge, Skills and Abilities

• Extensive knowledge of Property & Casualty insurance industry and products
• Extensive knowledge of insurance statistical reporting requirements
• Advanced proficiency in insurance statistical reporting requirements
• Intermediate proficiency in SQL programming language
• Ability to take direction from management
• Ability to manage multiple tasks and projects effectively
• Excellent written and verbal communication skills
• Active listening skills
• Ability to exercise sound judgement in making critical decisions
• Ability to convey technical process information in a clear and concise manner
• Attention to detail
• Excellent organizational skills
• Proficiency in MS Office (Word, Excel, Outlook)
• Ability to provide exceptional customer service
• Research, analysis and problem-solving skills
• Ability to build effective relationships with business partners
• Ability to perform effectively as part of a team
• Ability to take initiative and work independently
• Ability to train and mentor less experienced Statistical Analysts

• Continuous learning style
• Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service.

Experience and Education

Statistical Analyst III

• High School Diploma required
• Bachelor's Degree preferred, or equivalent combination of education, training and experience

• Minimum of four years of experience in insurance regulatory compliance required

• Certifications (CPCU, AINS, ARC) preferred
• Strong knowledge of writing SQL scripts

Statistical Analyst II

• High School Diploma required
• Bachelor's Degree preferred, or equivalent combination of education, training and experience

• Minimum of two years of experience in insurance regulatory compliance required
• Certifications (CPCU), AINS, ARC) preferred
• Strong knowledge of writing SQL scripts

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