DMV & Statistical Reporting Analyst

Exton, PA I USA

The Regulatory Operations Department is committed to bringing together Service, Data, Compliance and Quality Support for all Operating Business Units of AXA XL. As part of the Regulatory Operations Department, the Statistical Reporting Team maintains the compliance of AXA XL Insurance with the Statistical Organizations of the industry as it pertains to mandatory reporting of Property & Casualty (P&C) business.

All P&C insurance companies, including AXA XL Insurance, must comply with the data reporting mandates of the Statistical Organizations. The Statistical Reporting Unit ensures ongoing statistical reporting compliance for each of the U.S. based P&C companies and therefore all Operating Business Units utilizing these papers and submits statistical data to the National Advisory and Statistical Organizations, for the purpose of ratemaking and experience rating, according to the requirements and timelines they prescribe.

The DMV & Statistical Reporting Analyst is responsible for effectively extracting/collecting, preparing and submitting transactional level statistical and financial data to the P&C industry Statistical Organizations, including Insurance Services Office (ISO), Texas Insurance Checking Office (TICO) Insurance Bureau of Canada (IBC), Independent Statistical Service, Inc. (ISS), Massachusetts Commonwealth Automobile Reinsurers (MA CAR) and the Surety & Fidelity Association of America (SFAA), and Groupement des assurers automobiles (GAA).

In addition to the Stat reporting responsibilities this position will be involved in DMV/Auto Liability Reporting. The position will be responsible for building out a package of reports on a scheduled basis to be distributed to our Underwriting and Broker management groups as well as external brokers with the goal to provide insight into the timeliness and accuracy of our Auto Liability Reporting (DMV). In addition, this position will be tasked with holding monthly/quarterly meeting with internal and external stakeholders to assist in educating them in the Auto Liability process as well as potential issues for our company and insureds if reporting is not completed accurately and timely.

DISCOVER your opportunity

What will your essential responsibilities include?

• Ensures statistical reporting compliance for each US-based P&C company of XL Insurance, to include all direct admitted U.S. and Puerto Rico business excluding Aircraft, A & H, Ocean Marine, and Credit insurance.

• Ensures statistical reporting compliance for XL Specialty, to include all direct admitted Canadian General Liability and Auto business.

• Extracts and collects statistical data from all source systems.

• Analyzes and reconciles statistical data from all source systems for timely submission of valid and balanced information to the Statistical Organizations on a monthly, quarterly and annual basis.

• Responds to inquiries from the Statistical Organizations requesting clarification on data submitted to their office as well as internal inquiries regarding statistical reporting rules in a timely manner.

• Assists the Statistical Reporting Team in support efforts for new business initiatives of AXA XL.

• Implements effective and useful reports and processes to aid in improvement of data quality.

• Proactively identifies areas for development and implements revisions and automation to internal statistical reporting processes for gained efficiency and greater throughput.

• Maintains a statistical reporting diary and library for accurately monitoring reporting requirement assignments, deadlines and status as well as up-to-date process documentation.

• Meets all deadlines imposed by the Statistical Organizations as well as AXA XL management in consideration of possible penalties for late/inaccurate reporting.

• Assist with reporting AXA XL insured vehicle data to state DMVs per state regulatory requirements and resolution of any data quality issues or vehicle registration suspensions due to insurance reporting

• Creation of package of metric reports that provide insight into Auto Liability timeliness and data quality to be distributed to internal and external parties.

• Facilitating quarterly meetings with internal and external parties to discuss Auto Liability Data Quality and educate on the process and to mitigate any late reporting.

• With Assistant Manager’s guidance, involved in various aspects of Statistical Reporting related projects. This may include communicating/interactions with various AXA XL departments including but not limited to IT, business units, Data Integration.

• Supports Regulatory Operations miscellaneous projects as requested.

You will report to Assistant Manager Statistical Reporting.

SHARE your talent

We’re looking for someone who has these abilities and skills:

• Bachelor’s degree in business accounting or finance, or similar, from a four-year college or university, or equivalent business experience required

• Excellent analytical and logic skills

• Proven ability to problem-solve independently, as well as work in a team environment

• Ability to multitask and work in an environment imposed by stringent reporting deadlines

• Ability to apply basic job knowledge to larger scale projects

• Outstanding teamwork and interpersonal skills, demonstrating both effective written and oral communication skills

• Keen professional interpersonal skills required for establishing and maintaining effective working relationships with co-workers, management, and external regulatory bureaus

• Robust computer skills and knowledge of Microsoft products, specifically Outlook, Word, Excel and Access required

• Knowledge of insurance coverages and understanding of systems

• Detail oriented, thorough, organized and flexible

• Ability to use SQL and Microsoft Excel to create pivot tables, graphs and charts

• Some years of experience in a technical position in a statistical or financial reporting area preferred

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com

Inclusion & Diversity

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
• Robust support for Flexible Working Arrangements
• Enhanced family friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see Sustainability at AXA XL.