Regulatory Reporting Specialist - Military veterans preferred

2024-04-16
AppCast (https://www.appcast.io)
Other

/yr

  full-time   employee


Chicago
Illinois
60290
United States

A Brief Overview

The Regulatory Reporting Specialist ensures the completion of the Property and Casualty Statistical reporting and other assigned data reports to the jurisdiction requesting the report or statistical agent used by the company. This role requires you to be in the office 3 days a week.

How You Will Make an Impact:

Understand the regulatory reporting requirements of the different territories in which Argo Group operates and assist in preparing, formulating, and implementing a plan of action to ensure compliance with such requirements.

Implement, maintain, and evaluate Regulatory Reporting processes and procedures to ensure business and regulatory reporting requirements are met, and, using independent judgment and discretion, make recommendations to the Regulatory Manager of any needed improvements to such processes and procedures.

Submit required reporting on a timely basis for Workers’ Compensation (“WC”) Proof of Coverage, WC unit statistical data, WC Financial data calls, Surplus Lines reporting, and all other data calls.

Collaborate with IT, Claims, Underwriting, Accounting, and other business units, along with outside vendors and/or rating organizations or bureaus to extract, analyze, and report data to insurance departments, Workers’ Compensation rating bureaus, rating agents, and organizations.

Must be able to extract and organize raw data, set parameters to disqualify non-usable data, and assist with the interpretation and use of the data; as well as respond to inquiries related to reporting submissions.

Maintain accurate and complete documentation of all work needed suitable for compliance examiners to conduct an effective audit. Determine any limitations of work, data constraints, as well as potential adverse and favorable events and inform management of same. Develop, in conjunction with the Manager, recommendations for strategies to eliminate/correct any adverse events in a timely manner.

In collaboration with the Regulatory Reporting team (team members), identify trends of data reporting activity, and determine any anomalies and escalate same to the Manager for effective resolution.

Must be able to utilize and navigate relevant tools to extract and format statistical data used for reporting.

Monitor reporting sites for edits or errors and work with applicable departments to resolve and/or improve data quality issues.

Handle other related projects as assigned.

What We Need:

Bachelor's degree or equivalent experience.

Minimum 3 years of experience in Regulatory or Statistical Reporting within the Insurance space.

Knowledge of ISO’s Commercial Lines products along with NCCI, NISS, and other bureau advisory filings (inclusive of surplus lines) and manuals.

Independent thinker with strong leadership skills.

Proficient in Microsoft Excel.

Strong process, systems, and analytical skills.

Ability to manage and prioritize multiple assignments.

Ability to work independently and as part of a team.

Ability to collaborate effectively across departments.

Excellent organizational, oral, and written communication skills.

Ability to work in a fast-paced environment and deliver results to meet timelines.

Basic knowledge of manipulating large datasets using SQL or Snowflake is a plus.

Travel: Up to 15% may be required.

#J-18808-Ljbffr