Sr Business Intelligence Analyst- Claims

***Successful candidates in this position will have 8+ years in the Property & Casualty insurance industry, with a solid understanding of P&C insurance data.

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

The Senior Business Intelligence Analyst will be responsible for supporting the data, reporting, and analytical needs across the entire Munich Re Specialty North America (MRSNA) Claims portfolio. The role will involve analyzing and synthesizing claims data from multiple sources, producing high quality insights that demonstrate a full narrative, and communicating to key stakeholders including executives and senior leadership across the MRSNA organization. They will be fully responsible for the development of dashboards, easily digestible data visualizations, and other reports to support a data driven claims operation.

Responsibilities

In this position you will:

• Collaborate with various departments within MRSNA to independently respond to requests and provide business insights from claims data by producing accurate and meaningful dashboards / reports
• Provide in-depth analysis and detailed insights to support planning, forecasting, severity management, capacity and workload management
• Develop deep understanding of claims severity and frequency trends, drivers, and components while contributing to multiple complex analyses
• Create new visualizations or reinvent existing Claims reports and dashboards by pulling data from different data warehouses at MRSNA (Duck Creek, ISyCL, IRDW, Snowflake, FSRI, Universal, Bridge)
• Create process and governance documentation including data dictionaries to ensure operational continuity, assist with other data analysis activities (data cleaning, querying, visualization, etc.)
• Support the quarterly Outlier review process for MR Group reporting and financial recommendations

Qualifications

Successful candidates will possess the following experience/skills/qualifications:

• BA/BS required, MS preferred in Data Science, Business Analysis, Information Technology or equivalent combination of education and employment
• 8+ years of experience in P&C insurance industry with solid understanding of P&C Insurance data
• 8+ years as a technical data analyst, with experience in advanced SQL and proficient in querying data using MS SQL Server
• Demonstrated experience with data visualization tools such Power BI, Advanced SQL, Excel, PowerPoint Skills (screening will be conducted to assess knowledge of SQL, Power BI and Excel)
• Proven track record of collaboration and working effectively with a multi-functional team and throughout the organization; foster an environment of shared responsibility and accountability
• Experience in providing data driven consultation and business communication to executive leadership
• Strong knowledge of analyzing datasets using Excel
• Excellent analytical, problem solving and organizational skill and mindset
• Proactive, self-motivated and detail oriented
• Innovative mindset to improve operational efficiencies and ability to influence change
• Highly adaptable and able to have effective discussions with various stakeholders and partners
• Excellent communication and negotiation skills.
• Ability to organize, plan and implement work assignments, juggle competing demands and work under pressure of frequent and tight deadlines

The Company is open to considering candidates in numerous locations, including Chicago (IL), New York City (NYC), Philadelphia (PA), Hartford (CT), and Princeton (NJ). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $99,700-$166,100, plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the NYC job market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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