Jersey City, New Jersey, USA
40 days ago
Lead Innovation Analyst - Regulatory and Compliance Solutions

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 Lead Innovation Analyst will be responsible for developing and implementing new statistical data reporting standards and modernizing client-facing data reporting workflows for both personal and commercial lines of Property & Casualty (P&C) insurance. This role requires a comprehensive understanding of P&C statistical data standards, regulatory and compliance requirements, and an appreciation for how statistical data supports insurance programs, pricing models, and risk management.

The analyst will drive innovation by creating solutions that enhance data accuracy, ensure regulatory compliance, and improve the overall client experience. The role involves collaboration across multiple departments to implement strategies aligned with business goals and emerging technologies. A key focus will be on integrating modern digital solutions to streamline workflows and reporting processes.

The successful candidate will work with key leaders and subject matter experts to gain consensus on a path forward and will define a pilot execution plan that includes key activities, deliverables, and performance indicators, balancing a strategic mindset with practical results.

Throughout the process and once implemented, the analyst will create the necessary communication plan and material to ensure successful adoption by both internal stakeholders and external clients.

Responsibilities:

Develop Standardized Reporting Processes

· Drive the development and implementation of standardized reporting processes that align with evolving regulatory and compliance requirements, as well as industry best practices.

· Ensure that the standards developed promote transparency, accuracy, and efficiency in reporting processes.

Modernize Client Reporting Workflow Solutions

· Design and implement innovative workflow solutions aimed at improving the customer experience, with an emphasis on digital transformation.

· Utilize technology to enhance the efficiency of reporting processes.

Change Management

· Support the development and execution of change management strategies to ensure smooth adoption of new data reporting standards and modernized workflows.

· Create communication plans and training programs to fully prepare and support internal teams and clients throughout the transition.

Qualifications

Requirements:

• Bachelor's degree in Business, Information Technology, Data Analytics, or a related field. Preferred insurance certifications such as CPCU, IDMA, etc.

• 5+ years of P&C insurance industry experience, preferable in regulatory and compliance roles focusing on data reporting and workflow modernization.

• Proven experience in driving innovation initiatives, particularly those that involve cross-functional collaboration and technological integration.

• Experience supporting effective change management strategies.

• Strong knowledge of regulatory bodies and statistical data reporting standards within the insurance industry.

• Familiarity with data analytics tools, automation technologies, and digital platforms.

• Exceptional communication, problem-solving, and a strong self-driven work ethic.

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 

Verisk Businesses

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

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

Property Estimating Solutions — 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

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — 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

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

Life Insurance Solutions – 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.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

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. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

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

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.

https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/ 

 

 

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