Verisk Analytics

Senior Business Analyst

Verisk Analytics$95K — $115K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field (Statistics, Mathematics, Actuarial Science, Economics, Engineering, or Physical Sciences).
  • 1-5 years of experience in P&C insurance, especially in actuarial practices and data management.
  • Strong analytical and problem-solving skills with a technical mindset.
  • Self-motivated and customer-oriented with leadership potential.
  • Excellent verbal and written communication skills.
  • Proficiency in SQL, R, Python, and familiarity with BI tools like PowerBI or Tableau.
  • Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).

Responsibilities

  • Prepare timely and accurate products for regulators and customers, including loss cost filings and business intelligence tools.
  • Code and troubleshoot programs for data extraction and analysis.
  • Review quality of data from insurance companies for actuarial purposes.
  • Develop automated processes to enhance business efficiency and customer experience.
  • Respond to inquiries from regulators and insurers related to loss cost filings.
  • Collaborate with internal teams to improve data quality and product development.
  • Serve as the expert in data storytelling, highlighting key insights for clients.],
  • benefits
  • : [
  • Health Insurance
  • Retirement Plan
  • Disability benefits
  • Paid Time Off program

Benefits

  • Health Insurance
  • Retirement Plan
  • Disability benefits
  • Paid Time Off program
Full Job Description
Job Description

The Strategic Actuarial Operations (SAO) team is looking for talent for our rapidly expanding scope of internal and external facing responsibilities, where we look for efficiencies and enhancements to our actuarial and business processes, but also advance the stories we tell through insurance data and innovate the way we deliver and how clients work with our analytic products and actuarial content. You will be part of a team that uses actuarial techniques and methodologies to make an impact on the insurance industry through Verisk's core lines loss cost products. You will also utilize analytical and creative thinking to architect new capabilities and user experiences for our forward-looking digital platform.

In this position, you may be asked to take on multiple projects simultaneously, sometimes working independently, but more often collaborating across business units, including data, product development and IT. You will also get exposure to working with state insurance departments as part of our loss cost filing process and responsibilities.

Responsibilities

  • Prepare products for regulators and internal & external customers in a timely and accurate manner. Products may include experience review analyses, state loss cost filings and other actuarial circulars, other customized data analyses and business intelligence tools and dashboards and thought leadership articles to meet customer needs.
  • Coding logic and program troubleshooting to extract data for analysis and report compilations.
  • Review the quality of premium, exposure, loss and claim data submitted by insurance companies both on a semi-aggregate level for use in actuarial methodologies and analyses
  • Develop more efficient, automated ways to improve business processes and customer experience. This can include providing suggestions for improvements in data quality analysis diagnostics and content visualization and delivery mechanisms.
  • Help respond to questions from regulators and insurers on loss cost filings and other analytic products.
  • Collaborate with other core lines business units and subject matter experts (actuarial, datal and technology) to improve data quality, product development, actuarial procedures and U/X to help our customers overcome challenges.
  • Be our expert for data storytelling, who can identify the insights that are important to our customers and colleagues, and find creative ways to communicate that information


Qualifications

  • Bachelor's degree with concentration in a quantitative discipline such as Statistics, Mathematics, Actuarial Science, Economics, Engineering, or Physical Sciences
  • 1-5 years of P&C insurance industry experience, especially insurance data management, actuarial practices, and familiarity with the ISO/Verisk core business
  • Strong analytical, problem solving, decision-making skills and technical aptitude
  • Self-motivated, customer oriented, possessing leadership qualities, able to work independently and as part of a team
  • Excellent verbal and written communication skills
  • Working knowledge of SQL, R, Python, or other general-purpose programming languages and familiarity with other BI tools (PowerBI, Tableau, ThoughtSpot)
  • Proficiency in Microsoft Office (Excel, Word, PowerPoint)
  • Ability to work on several projects concurrently, and under time constraints with the ability to adapt in the face of changing priorities

#LI-MC1

Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.

https://www.verisk.com/company/careers/

About Verisk Analytics

Verisk Analytics is a data analytics company that provides data, analytics, and decision-support services to professionals in insurance, energy, healthcare, financial services, government, and risk management. The company uses proprietary data sets and algorithms to provide predictive analytics and decision support solutions to its clients. Verisk Analytics was founded in 1971 and is headquartered in Jersey City, New Jersey.
Learn more about Verisk Analytics
Size
9,367 employees
Market Cap
$27.2 billion
Industry
Net Income
$712.7 million
Founded
1971
5 Year Trend
+8.5%
Revenue
$2.7 billion
NASDAQ

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