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James River Management Company

Statistical Analyst

James River Management Company, Richmond, Virginia, United States, 23230

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Come grow with James River Insurance!

James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.

At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork.

We are proud of being recognized the past 5 years as one of The Top Workplaces USA.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.

Job Summary

The Statistical Analyst is responsible for producing and analyzing statistical and insurance data to ensure the Company's compliance with state and federal insurance regulatory requirements.

This role involves advanced insurance data analysis, interpretation, P & C insurance knowledge and strong SQL writing experience.

Duties and Responsibilities

Prepare and submit monthly, quarterly and annual statistical filings and reports for applicable insurance department, Advisory Organizations (ISO, NCCI, NISS) and insurance bureaus.

Create reports and queries to monitor the validity of the data submitted by agents, MGA's and Program Administrators

Search and compile policy information from Company systems for Property & Casualty lines of business

Run monthly edit programs on data and make necessary corrections to ensure data integrity for statistical agencies

Analyze reoccurring data errors and make changes necessary to prevent future data errors

Partner with IT on data filings, edit packages and improvements to the stat collection and filings process

Verify data accuracy by reconciling statistical calls to state Annual Statement data

Work towards minimizing fines for late or incorrect reporting

Cross-train on all reporting bureau statistical plans

Promote data quality within the company

Manage bureau and insurance department portals by adding users, making changes to Company accounts and adding necessary data call reminders

Ensure the accuracy of comprehensive catastrophe submitted to insurance departments

Recommend changes to management for proper statistical reporting due to company changes in products or systems

Prepare transmittal forms, affidavits, and other forms for the submission of data calls

Create and maintain statistical manuals and reporting documentation online with the most current and up-to-date versions

Respond to highly complex state requests for data

Participate in and lead projects as assigned by management

Knowledge, Skills and Abilities

Extensive knowledge of Property & Casualty insurance industry and products

Extensive knowledge of insurance statistical reporting requirements

Advanced proficiency in insurance statistical reporting requirements

Intermediate proficiency in SQL programming language

Ability to take direction from management

Ability to manage multiple tasks and projects effectively

Excellent written and verbal communication skills

Active listening skills

Ability to exercise sound judgement in making critical decisions

Ability to convey technical process information in a clear and concise manner

Attention to detail

Excellent organizational skills

Proficiency in MS Office (Word, Excel, Outlook)

Ability to provide exceptional customer service

Research, analysis and problem-solving skills

Ability to build effective relationships with business partners

Ability to perform effectively as part of a team

Ability to take initiative and work independently

Ability to train and mentor less experienced Statistical Analysts

Continuous learning style

Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service.

Experience and Education

Statistical Analyst III

High School Diploma required

Bachelor's Degree preferred, or equivalent combination of education, training and experience

Minimum of four years of experience in insurance regulatory compliance required

Certifications (CPCU, AINS, ARC) preferred

Strong knowledge of writing SQL scripts

Statistical Analyst II

High School Diploma required

Bachelor's Degree preferred, or equivalent combination of education, training and experience

Minimum of two years of experience in insurance regulatory compliance required

Certifications (CPCU), AINS, ARC) preferred

Strong knowledge of writing SQL scripts

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