Entry-level Opportunity Compliance & Product Services (CPS) Analyst - June 2021 start - CR at Verisk in Jersey City, New Jersey

Posted in Other 3 days ago.

Type: Full Time





Job Description:

Company Description

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.

It s the reason Verisk is part of the UN Global Compact sustainability initiative. It s why we made a commitment to balancing 100 percent of our carbon emissions. It s the aim of our returnship program for experienced professionals rejoining the workforce after time away. And, it s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers problems.

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do.

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work Certification for the fourth consecutive year. We ve been recognized by Forbes as a World s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. Verisk s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Job Description

The ISO unit of Verisk is looking for a Compliance & Product Services (CPS) Analyst. This is an opportunity for May 2021 graduates to begin their career. The start date for this position is June 2021.

As a Compliance & Product Services team member you will participate in the technical development of new and revised insurance programs in response to the changing business environment for various lines of business. Your focus will be on customer satisfaction, product quality, relevance and timeliness.

To accomplish these goals, you will need to:

*

Draft policy language and develop manual rules that guide insurers in issuing and rating policies, and also develop related information, including filings and announcements to customers.

*

Review laws, regulations and case law for impact on ISO products and insurer procedures.
*

Develop policy language and rules for major program updates that provide valuable insurance enhancements to products used by the entire insurance industry.
*

Review state laws and requirements and make revisions to ensure program updates are compliant and relevant in each state.
*

Leverage insurance expertise and researching skills to provide timely, thoughtful responses to insurer inquires over a wide range of insurance topics.
*

Develop and present items to panels of insurers on emerging trends and potential revisions.

*

Collaborate with all stakeholders including Product Development, Law Department, Government Relations, Actuarial, etc., inviting perspectives, contributions, and partnerships within the team, the unit, the company, and with our customers and business partners.
*

Work in conjunction with the Product Development team to research and review new products, consider impact on other products, and collaborate with others in bringing products to market.

Qualifications

*

Pursuing a bachelor's degree with an expected completion date of May 2020
*

An interest in P&C insurance

*

Internship experience with product development, claims, underwriting and/or submitting filings with insurance regulators preferred; not required. Experience involving analyzing and development of forms, rules, and/or rating valued.
*

Excellent verbal and written communication skills and attention to detail.
*

Strong organization, research and analytic skills.
*

Ability to both work independently and collaborate in a team environment
*

Knowledge of ISO commercial liability/casualty insurance lines procedures is a plus.

*

CPCU or RPLU exam study or completion is a plus.

Additional Information

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.

http://www.verisk.com/careers.html

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.