Actuarial Analyst II

Insurance Services Office, Inc.
Jersey, NJ Full Time
POSTED ON 6/10/2023 CLOSED ON 6/21/2023

What are the responsibilities and job description for the Actuarial Analyst II position at Insurance Services Office, Inc.?

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

The Analytical Data Operations (ADO) division is Verisk/ISO's data refinery, ensuring that ISO's analytical engines are properly fueled. As a member of ADO you will be part of a team of data analysts, BI developers, data engineers, data architects, and actuarial/analytical-engineers that are dedicated to improve our data analytics platform to support a host of products the US P&C industry relies on.

Your purpose is to serve as subject matter expert for all data and related information for the line of business experience. You will collaborate with other team leads and stakeholders to understand and explain industry trends and develop industry expertise across our product portfolio. Additionally, you will work with our international data operations team to develop new tools to expand and enhance your team's ability to develop industry insights at scale and to drive real change in the US P&C insurance market.

You will operate within a Shared Services model, where you will be expected to manage stakeholder expectations and organize deliverables across junior staff. You will be expected to develop expertise in multiple lines of business, AGILE project management, and advanced analytics using SQL on our cloud data warehouse, being at the forefront of data analytics for the P&C industry.Your responsibilities include:

  • Work directly with line of business stakeholders to understand business needs, gather, manipulate, and analyze data to deliver digestible insights that drive business decisions

  • Analyze industry data for personal lines property coverages to identify trends, anomalies, and data quality issues, ensuring product teams are aware of impacts to our analytics driven by industry experience

  • Develop data reports and visualizations using business intelligence and analytics software

  • Lead quarterly presentations with LOB stakeholders to discuss data analysis results, summarizing and synthesizing analysis from junior team members, and documenting key take aways from discussions

  • Mange our data steward relationship with the insurance carriers, providing prompt and meaningful analysis of their data to ensure their compliance with regulatory requirements and the applicability of our industry benchmark analytics to their business

  • Drive organizational change in how we deliver results both internally and externally

Qualifications

Required Qualifications

  • Bachelor's degree in a STEM major or with STEM coursework learned in associated majors (Actuarial Science, Computer Science, Data Engineering, Data Science, Mathematics, Applied Mathematics, Statistics, Finance, Economics)

  • A minimum of three years P&C insurance data analysis experience with a focus on Commercial Property Lines

  • Excellent communication skills (both oral and written) are required, with a desire to improve presentation and persuasion skills

  • A passion for using data and technology to understand the real world and drive change with a focus on the importance of data quality

  • Experience supervising junior team members and a strong record of building great stakeholder relationships

  • Excellent SQL, Excel/BI skills with a focus on data analysis

  • A self-starter with a commitment to innovation and pro-active problem solving

Preferred Qualifications

  • Experience in Python, VBA, SAS, and R is preferred.

  • Commitment to attainment of an insurance professional designation (ACAS, CPCU, AIDM)

  • Commitment to attainment of a technology or project management designations

You will be part of a culture that celebrates success, recognizes and rewards achievements and excellence, and provides personal and professional enrichment opportunities.

#LI-MC1

Additional Information

In 2022, Verisk received Great Place to Work Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We're also one of the 38 companies on the UK's Best Workplaces list and one of 18 companies on Spain's Best Workplaces list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we've grown to provide analytic insights that help transform industries focused on some of the world's most critical areas.Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We're 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk-from our chief executive officer to our newest employee-is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
* Be Remarkable by doing something better each day in service to our customers and each other
* Add Value by delivering immediate and sustained results that drive positive outcomes
* Innovate by redefining what's possible, embracing challenges, and pushing boundaries

Verisk Businesses

- provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

- supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

- offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

- provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

- provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

- delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

- offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

- provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

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 the7th consecutive year. We've been recognized byForbesas 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.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.

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.

 

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Job openings at Insurance Services Office, Inc.

Insurance Services Office, Inc.
Hired Organization Address Jersey, NJ Full Time
Company Description We help the world see new possibilities and inspire change for better tomorrows. Our analytic soluti...
Insurance Services Office, Inc.
Hired Organization Address Jersey, NJ Full Time
Company Description We help the world see new possibilities and inspire change for better tomorrows. Our analytic soluti...
Insurance Services Office, Inc.
Hired Organization Address Jersey, NJ Full Time
Company Description We help the world see new possibilities and inspire change for better tomorrows. Our analytic soluti...
Insurance Services Office, Inc.
Hired Organization Address Jersey, NJ Full Time
Company Description We help the world see new possibilities and inspire change for better tomorrows. Our analytic soluti...

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