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Senior Business Analyst (P&C Insurance)

Verisk AnalyticsJersey City, NJ

Overview

Schedule
Full-time
Education
Medical Coding (CCA, CCS, CCS-P, CPC)
Career level
Senior-level
Remote
Hybrid remote
Benefits
Career Development

Job Description

ISO, a business of Verisk, is a leading provider of information and analytics to the property/casualty insurance industry. We are seeking a Senior Business Analyst to join the Statistical Data Standards & Services team within Data Acquisition.

This role is ideal for an insurance professional who enjoys understanding insurance products and coverages, working with data, solving complex business problems and collaborating directly with customers. The analyst will support Product, Actuarial and Regulatory teams in the development and industry-wide use of ISO statistical data standards and related services.

The analyst will learn and apply insurance and data management fundamentals across multiple property/casualty lines of business. Day-to-day responsibilities include guiding customers through statistical reporting requirements, reviewing insurance programs and related coverages, and supporting the internal use of collected data to enrich ISO's statistical and analytical databases.

  • Analyze insurance products, policy forms, coverages and company-specific programs to determine appropriate statistical reporting treatment and data requirements.
  • Work directly with customers and collaborate with cross-functional teams to understand customer insurance programs, coverages and policy information and develop clear and effective statistical reporting instructions.
  • Assist new and existing customers with statistical reporting, including training and explaining reporting requirements.
  • Gather and analyze requirements for new projects and work requests, perform impact analysis, and support adjustments to or creation of new data capture mechanisms.
  • Assist in developing enhanced data management capabilities that provide value to customers while yielding usable data to Verisk.
  • Execute processes necessary to prepare data and meet information needs accurately and in a timely manner.
  • Recommend and implement process improvements that support the long-term data and analytics strategy of the business unit.
  • Working knowledge and at least 2 years of experience in property/casualty insurance, including exposure to insurance products, coverages, policy data, data management and related processes.
  • Bachelor's degree in Business, Insurance, Risk Management or a related field, or equivalent relevant property/casualty insurance experience.
  • Strong written and verbal communication skills, with the ability to communicate effectively with customers and business and technical colleagues.
  • Strong attention to detail with a high standard of accuracy and consistency.
  • Demonstrated commitment to developing strong internal and external customer relationships.
  • Ability to work independently and collaboratively as part of a team.
  • Proficiency with Microsoft Office, including Word and Excel.
  • Experience working with insurance data and performing data analysis is preferred. Familiarity with SQL, Snowflake, Sigma or relational database concepts is a plus.
  • Experience leveraging AI and automation tools to improve operational processes, analysis, documentation or decision making is a plus.
  • Desire and ability to continuously learn. Professional insurance designations or coursework, such as CPCU or IDMA, are a plus.
  • Knowledge of ISO Statistical Plans is a plus.

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FAQs About Senior Business Analyst (P&C Insurance) Jobs at Verisk Analytics

What is the work location for this position at Verisk Analytics?
This job at Verisk Analytics is located in Jersey City, NJ, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Verisk Analytics?
Employer has not shared pay details for this role.
What employment applies to this position at Verisk Analytics?
Verisk Analytics lists this role as a Full-time position.
What experience level is required for this role at Verisk Analytics?
Verisk Analytics is looking for a candidate with "Senior-level" experience level.
What education level is required for this job?
The education requirement for this position is Medical Coding (CCA, CCS, CCS-P, CPC). Candidates with relevant qualifications or equivalent experience may also be considered.
What benefits are offered by Verisk Analytics for this role?
Verisk Analytics offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Verisk Analytics?
You can apply for this role at Verisk Analytics either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.