Starr Insurance
is hiring
Senior Business Analyst, Regulatory Reporting
About Our Company
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Starr has the global knowledge, vision and relationships to help your company succeed, anywhere you do business.
Job Description & Responsibilities
Starr Insurance Companies is seeking a Regulatory Reporting Data Delivery Business Analyst with an insurance background. The Regulatory Reporting Data Delivery Business Analyst will be part of a team under Operations’ regulatory reporting delivery department with strong ties to various reporting systems applications. The Regulatory Reporting Data Delivery Business Analyst will work in collaboration with various business functions and stakeholders throughout the organization to ensure Starr’s data is reported to insurance bureaus, ISO, or other regulatory agency in a timely and accurate fashion.
Essential Functions Include:
- Perform analysis of all financial and statistical regulatory reporting for ISO, Surplus Lines, GISA, Workers Comp, Federal, State & other reporting agencies / bodies to help drive automation.
- Keep accurate inventory/accounting of all known data calls and reports to manage transmission of operations regulatory reports effectively and efficiently.
- Implement effective mapping of source databases / cataloging to supply business intelligence and general reporting to ensure data standards are reused and enforced across all data-driven initiatives.
- Work closely with, IT, Business Intelligence, Regulatory Reporting, Producer Management, Profit Center Operations, Clams Operations, TPA Services, Underwriting Services and Quality Review departments to ensure best practices of data transformation requirements are documented for automation.
- Identify and resolve issues and data quality/challenges in the preparation of data call reports for automation, escalate for resolution and reduce redundancy through project monitoring and deliver on a timely manner.
- Assist management with implementing process improvements for effective workflow in transmittal of all financial and statistical regulatory reports and improve overall operating efficiencies, effectiveness, and internal controls.
- Ability to see downstream implications resulting from change in scope and/or requirements.
- Translate technical activities and objectives in a manner appropriate for various audiences and stakeholders.
- Ensure data standards are reused and enforced across all data-driven initiatives.
- May design and develop accurate, efficient, and detailed business process requirements and workflow procedures.
- Coordinate and support project teams on implementation of new processes and/or procedures
- Monitor project progress by tracking activity and resolving problems.
- Works as the subject matter expert on identified projects through development to implementation and on future changes or enhancements.
- Other tasks as assigned by Management
Requirements
Requirements:
- Bachelor’s degree in Business or equivalent is preferred.
- 3-5 years of experience analyzing and solving insurance related business processing issues.
- Strong knowledge of insurance industry, products, and operating environments.
- Experience working with operations, underwriting and claims systems, applications, and software.
- Experience with requirements gathering and documentation.
- Advance Excel Skills (Pivot Tables, Macros, VBA) a plus Power Query a major plus
- Exposure to ETL and Data Warehouse methods and techniques.
- Hands-on experience working with groups to analyze, define and develop business requirements and workflow processes, including IT related requirements.
- Exceptional interpersonal skills, communication skills and strong writing ability.
- Effective presentation skills.
- Proficiency with MS Office Suite and advanced Excel skills or database tool.
- Experience with using reporting software such as PowerBi, Tableau, etc.
- Excellent analytical and problem-solving skills.
- Self-motivated and results oriented with the ability to independently analyze complex business processes.
- Must be able to handle multiple tasks and shifting priorities and be flexible and team oriented.
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization
What we offer
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $100,000-$130,000