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Senior Statistical Analyst
ChubbWhitehouse Station, NJ, United States, United Statesfull_timeVerifiedPosted 10 Jun 2024
About the role
Responsibilities:
- Implement external statistical plan changes by identifying the revision, initiating contact with the proper internal areas, maintaining open communication and analyzing test data.
- Prepare and submit non-workers compensation data calls to the appropriate regulatory authorities. Analyze data requirements for changes and implement any resulting revision. Write and execute data extracts from various source systems to support the preparation of the data calls.
- Identify data quality deficiencies, and the underlying causes, and initiates corrective action which can result in greater cost effectiveness, improved management information and/or conformance to established data quality standards. Respond to any statistical agent data inquiries in accordance with department standards.
- Monitor changes within the company regarding new business, new systems, or other changes that might impact the reports.
- Reconcile Data Calls to Statutory Page 14.
- Monitors fluctuations in summarized statistical data to identify areas requiring further investigation and coordinates the resolution of significant deviations in the data.
- Monitor, analyze and take corrective action of transaction level data error records and/or suspense items.
- Self-motivated with the ability to work independently
- Ability to identify process improvements and successfully present to management.
- Assist in large corporate initiatives ensuring that statistical reporting requirements are addressed. Includes representing the department’s interest at large, multi-departmental meetings on an on-going basis and analyzing, responding and documenting test data to various internal/external areas.
- Work with various regulatory authorities including the departments of insurance and/or statistical agents. Work with various internal departments including Office of General Counsel, Data Management and Actuarial.
- Working with minimal supervisory guidance to understand required process and state specific learning.
Qualifications:
- Bachelor’s degree and/or 5-10 years’ experience in Regulatory Reporting required.
- Demonstrated knowledge of Property & Casualty Insurance
- Extensive knowledge in Non-Workers Comp Data Call requirements and preparation.
- Advanced analytical ability in a data intensive environment.
- Strong work ethic with the ability to work independently with minimal supervision.
- Excellent interpersonal skills. Ability to communicate and negotiate with external agencies (e.g. ISO, CAR, Statistical Agents, Insurance Departments, etc.).
- Problem ownership and personal responsibility of assigned work.
- Excellent time management skills required.
- Experience in process review and documentation.
- Comfortable interacting with multiple levels of management and peers.
- Advanced knowledge of Excel, Word, Microsoft Access, Cognos, SQL, QlikView and various extract tools required.
- Advanced analytical and problem-solving skills with the persistence to resolve them completely in a data intense environment that is results oriented.
- Excellent oral and written communication skills.
- Excellent organizational skills.
- Ability to handle multiple priorities within strict time constraints and possess the ability to identify and prioritize work load.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
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