Actuarial Data Quality Analyst

Description

Actuarial Data Quality Analyst

Department: Data Services

Functional Area: Actuarial Data Quality

Reports To: Manager, Data Services or other designated supervisor

Classification: Non-Exempt

Pay Grade: 40

Location: Hybrid

Position Purpose

The Actuarial Data Quality Analyst supports the Bureau's actuarial and data services functions by ensuring the quality, accuracy, and integrity of financial and statistical data submitted by member carriers. The position analyzes reporting trends, identifies data anomalies, investigates reporting discrepancies, collaborates with carriers to resolve data quality issues, and develops reporting edits to improve data integrity. The position also prepares analyses, exhibits, and reports supporting actuarial ratemaking, research, regulatory reporting, and strategic initiatives.

Requirements

Data Quality Management

• Review financial and statistical data submissions for completeness, accuracy, and compliance with Bureau reporting requirements.
• Analyze submitted data to identify trends, inconsistencies, anomalies, and reporting errors.
• Investigate data quality issues and coordinate corrective action with member carriers.
• Monitor reporting timeliness and completeness while maintaining data integrity standards.
• Maintain documentation supporting data validation and reporting procedures.

Actuarial Analysis Support

• Prepare exhibits, reports, and analytical summaries supporting actuarial ratemaking and research activities.
• Analyze premium, payroll, exposure, loss, and financial information to identify trends and reporting issues.
• Assist with actuarial studies, statistical analyses, and regulatory reporting.
• Support development of analytical models and reporting methodologies as assigned.

Reporting Systems & Data Validation

• Develop, maintain, and enhance reporting edits and automated validation processes.
• Participate in testing system enhancements and reporting improvements.
• Assist in documenting business requirements for new reporting functionality.
• Recommend improvements to reporting processes, edit logic, and data quality controls.

Carrier & Internal Support

• Respond to technical questions regarding financial and statistical reporting requirements.
• Communicate reporting discrepancies and required corrections to member carriers.
• Collaborate with Actuarial, Rating & Underwriting Services, Information Technology, and other departments to resolve reporting issues.
• Assist with training and guidance regarding reporting procedures and data quality standards.

Qualifications & Competencies

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Analytics, Finance, Economics, Computer Science, or a related quantitative field.
• Progress toward actuarial examinations preferred.
• Experience analyzing financial, insurance, or statistical data preferred.
• Strong analytical and quantitative problem-solving skills.
• Ability to identify trends, anomalies, and inconsistencies within complex datasets.
• Strong written, verbal, and interpersonal communication skills.
• Excellent organizational skills and attention to detail.
• Proficiency with Microsoft Excel and other analytical software.
• Ability to learn Bureau systems, reporting processes, and workers' compensation insurance operations.

Physical Requirements

• Prolonged periods of sitting and working at a computer.
• Frequent use of a computer, keyboard, and telephone.
• Ability to communicate effectively in person, by telephone, and electronically.
• Ability to occasionally lift and carry materials weighing up to 15 pounds.

Other Duties

NJCRIB is committed to fostering a culture of continuous improvement, operational excellence, and exceptional customer service. Employees are expected to contribute to process improvement initiatives, maintain current knowledge of Bureau policies, procedures, and industry developments relevant to their position, and perform other duties as assigned in support of departmental and organizational objectives.

This position description is intended to describe the general nature and level of work performed and is not intended to be an exhaustive list of all duties, responsibilities, or qualifications. Employees may be assigned additional duties consistent with the responsibilities of the position and the operational needs of the Bureau.