ProSight Specialty Insurance

  • Director, Regulatory Reporting Unit

    Job Locations US-NJ-Morristown
    Posted Date 3 weeks ago(5/30/2019 10:46 AM)
    Job ID
    2019-2056
    # of Openings
    1
    Category
    Legal
  • Overview

    The Regulatory Reporting Unit Director will manage the Regulatory Reporting Unit, providing oversight of regulatory data reporting for the company. The successful candidate will ensure timely and accurate submissions of statistical data, data calls and other required reporting to state regulators, workers compensation bureaus, ISO and NCCI. Reporting to the VP and Compliance and Regulatory Affairs Officer, he or she will act as a liaison between regulators and internal counterparts in IT, Customer Experience and Underwriting to develop, implement and monitor accurate and innovative data analysis techniques and reports.

    Responsibilities

    • Manage the Regulatory Reporting Unit within the Legal Department, having ultimate responsibility for all data calls, unit stat reporting and other regulatory reporting requirements of the company.
    • Maintain the Regulatory Reporting Calendar, ensuring that all data calls and assessments are logged and then timely and accurately submitted.
    • Participate in corporate data initiatives with IT and others & keep abreast of current technological resources and tools to improve analysis preparation and use of data.
    • Manage vendor relationships with third parties retained to support regulatory data reporting.
    • Monitor regulatory fines and penalties and communicate developments with senior leadership. Identify main drivers of fines, coordinate with responsible departments and drive overall project to reduce them.
    • Foster strong relationships with data reporting counterparts at DOIs, Workers Compensation bureaus, NCCI and ISO; monitor for new or amended data reporting requirements.
    • Spearhead effective data collection for use in new product development, systems enhancements and updates to data processes.
    • Provide oversight to the preparation, scrubbing, reconciliation and analysis of data, maintaining analysis data integrity & ensure compliance with all data policies, governance, and standards.
    • Manage the aggregation of data that is not currently systematically aggregated.
    • Work with IT, Operations, and others to improve or automate data processes.
    • Review accuracy, consistency and applicability of department data usage. Work with data suppliers to ensure accuracy and ease of translation to appropriate formats. Implement enhancements as needed.
    • Maintain accurate documentation of all work suitable for compliance examiners to audit. Inform management of limitations of work, data constraints, as well as potential adverse and favorable events.
    • Provide support of ad hoc projects as needed.

    Qualifications

    • Minimum 7-10 years of P&C insurance industry experience including commercial lines; experience with Workers Compensation and regulatory data reporting preferred
    • Experience with data analysis and preparation techniques and with very large data sets
    • Advanced to expert proficiency with Excel required
    • Strong analytical skills and attention to detail a must
    • Experience with policy issuance systems
    • Strong communication skills and demonstrated ability to work across interdisciplinary teams
    • Ability to identify issues and work to resolve them in partnership with business leaders
    • Ability to work independently and drive cross departmental projects to completion. Project management experience a plus
    • Several years of management experience preferred.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed