At Vault, we are not just insuring assets. We are reducing risks with data-driven technology to Protect What Matters Most™ to our customers.
Our team is driven by a shared commitment to protect customers' most prized possessions. We look at the bigger picture to provide custom solutions, exceptional service, and risk management to protect their legacy proactively.
Thinking about joining our team? We look for self-motivated and inventive individuals dedicated to providing the highest level of service to our customers and partners.
The Regulatory & Statistical Reporting Analyst will provide support to the organization’s Compliance team and will be responsible for analyzing insurance rules and regulations, as well as extracting data to ensure the accurate and timely filing of all regulatory and statistical reporting requirements. This position will drive the operational execution and continuous improvement of Vault’s regulatory and statistical reporting capabilities, including data coding (e.g., SQL, PL/SQL, Python, etc.), data submission, data accuracy and quality, reporting workflow, and Vault’s reporting knowledge base for all regulatory and statistical reporting. The Analyst will also assist in maintaining an enterprise regulatory reporting asset for all states in which Vault conducts business.
This position will also support other business functions as appropriate and required.
Why Choose Vault:
- 37% growth rate in staff since December 2021.
- Our Financial Strength is rated an A- by AM Best.
- Rated 4.5 stars based on our customer experience reviews
- Our leaders are respected innovators with decades of experience in the insurance industry.
- Vault’s proprietary technology allows for enhanced capabilities, speed, and efficiency.
- Leading high-net-worth insurance provider with a foundation in customized solutions.
- Comprehensive benefits tailored to your lifestyle.
Job Responsibilities:
Responsibilities include, but are not limited to:
Operational Delivery of Regulatory and Statistical Reporting:
- Directly deliver and/or coordinate cross-functionally to ensure timely coding & development, QA & UAT, and operational delivery of all regulatory and statistical reporting outputs and deliverables. (e.g., MCAS, state DOI data calls, TICO, ISS/ISO statistical filings, and event-driven catastrophe reporting).
- Communicate effectively as needed with points of contact at statistical agencies/state insurance departments regarding reporting deadlines and content.
- Maintain assigned enterprise regulatory reporting assets, including entries in the enterprise compliance calendar, compliance team emails and support tickets, sign-offs, submission evidence, and knowledge base content.
- Effectively and accurately onboard new regulatory and statistical reporting requirements and outputs as and when required.
Quality & Timeliness:
- Ensure submissions are accurate and penalties are avoided. Meet or exceed all mandated deadlines for all regulatory and statistical reporting outputs and deliverables.
- Evaluate the quality of the data being used for all regulatory and statistical reporting outputs and deliverables, and follow relevant and appropriate Vault processes to raise awareness of data quality issues discovered.
- Collaborate with other subject matter experts and functional leads in prioritization of data quality issue remediation by providing accurate input (sizing, criticality, business risk, and penalty/fines exposure) regarding the impacts of data quality issues on Vault’s regulatory and statistical reporting workflow, outputs, and deliverables.
- Ensure the completion of any data quality issues prioritized for remediation in support of regulatory and statistical reporting. Accurately identify and diagnose blockers and escalate appropriately where necessary.
Controls & Reconciliation:
- Work cross-functionally to ensure filings reconcile to Finance/Annual Statement records, when applicable, and retain audit-ready artifacts (data lineage, validations, receipts, attestations).
- Thoroughly document all procedures for the extraction of data and the completion of each filing.
- Demonstrate awareness and adherence to relevant Vault internal company policies (data classification, records retention, legal hold mandates).
Change Management:
- Provide comprehensive and accurate input and collaboration regarding the impact on Vault’s regulatory and statistical reporting capabilities.
- Understand and effectively communicate the impact of changes to Vault’s systems and data supply chain to regulatory and statistical reporting outputs and deliverables.
- Orchestrate necessary changes and updates to all regulatory and statistical reporting assets, and explain the impacts of those changes to technology and business stakeholders.
Knowledge Management & Continuous Improvement:
- Maintain proficiency across major data management tools (e.g., SQL, PL*SQL, Python), and Vault systems (Raters, policy admin and claims systems, Enterprise Data Warehouse reporting marts).
- Maintain industry-current knowledge and awareness of all existing and new regulatory reporting requirements.
- Participate, as requested, in and proactively identify opportunities for knowledge sharing, cross-training, and mentoring team members and stakeholders.
- Help define the strategic roadmap for the continuous improvement of Vault’s regulatory and statistical reporting capabilities.
- Successfully and consistently lead by example in modeling a culture of innovation, collaboration, and proactivity.
Preferred Qualifications:
Requirements include, but are not limited to:
- Bachelor’s degree in computer science or related field.
- Minimum 3 years of experience writing and coding SQL/PL*SQL/Python.
- Knowledge of P&C insurance regulatory and statistical reporting requirements preferred (including MCAS, ISS, and TICO).
- Demonstrated skills in critical thinking, problem solving, and the analysis, interpretation, and evaluation of complex information.
- Detail-oriented and have the ability to work under deadline pressure.
- Ability to maintain effective collaborative working relationships cross-functionally as well as with key stakeholders and peers.
Benefits:
- Flexible Spending Account & Health Savings Account, with company contributions
- Company-paid comprehensive life & disability insurance plans
- 24/7 Telehealth doctor access, virtual wellness screenings, Employee Assistance Programs
- Company 401 (k) retirement plan with Day 1 eligibility (6% company match, 100% immediate vesting)
- 23 PTO days accrued yearly
- 11 paid holidays