The Associate Analyst ensures the accuracy of workers' compensation policy and loss data while calculating and publishing experience modifications. They also provide guidance to data reporters and collaborate with internal stakeholders to resolve reporting issues.
Requirements overview
A high school diploma is required, with a bachelor's degree preferred. Candidates should possess strong analytical, communication, and time management skills, and be capable of working in a customer-facing role.
About Worker's Compensation Insurance Rating Bureau
Industry
Insurance
Employees
207
Type
Public Company
Size
51-200 employees
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) is a private, nonprofit association of insurance companies licensed to transact workers' compensation insurance in the state of California. The WCIRB operates under the authority of the California Insurance Code, is licensed by the California Department of Insurance (CDI) and is the Insurance Commissioner’s designated statistical agent for workers comp insurance.
The WCIRB develops proposed advisory pure premium rates for submission to the California Insurance Commissioner and administers the Commissioner’s workers’ compensation regulations contained in the California Workers’ Compensation Uniform Statistical Reporting Plan—1995, the California Workers’ Compensation Experience Rating Plan—1995 and the Miscellaneous Regulations for the Recording and Reporting of Data.
WCIRB operating funds are derived solely from membership fees, premium assessments paid by members and revenue generated from fees for services and products. No state money is used to fund its operations.
To learn more about the WCIRB, its core functions and the products and services available to insurers, agents and brokers, and others, see http://www.wcirb.com.
Finance & AccountingAdministrativeCustomer Service & SupportData & Analytics
Description
For over a century, the Workers' Compensation Insurance Rating Bureau of California (WCIRB) has been California's trusted, objective provider of actuarially based information and research, advisory pure premium rates and educational services integral to a healthy workers' compensation system. The WCIRB is a California unincorporated, private, nonprofit association comprised of all companies licensed to transact workers' compensation insurance in California. The operations of the WCIRB are funded primarily by membership fees and assessments; no state money is used to fund its operations. The WCIRB is a stable company and a proven leader in the workers’ compensation insurance industry nationwide.
The WCIRB performs a number of functions to accurately measure the cost of providing workers' compensation benefits and ensure a healthy workers’ compensation system. To learn more about our company, please visit About Us | WCIRB California [https://www.wcirb.com/about-us]. The WCIRB employs approximately 175 people with an average tenure of over 10 years. We are committed to fostering a healthy, safe and diverse work environment leading to a dedicated, collaborative and innovative workforce. This is a hybrid position where approximately 40% of the work time is spent at the home office in San Francisco, California.
Job Summary
The Member Services Associate Analyst is responsible for ensuring the accuracy of workers’ compensation policy and loss data, and for the accurate calculation and timely publication of experience modifications for eligible employers in California. The Associate Analyst assists insurers in complying with the California Insurance Commissioner’s regulations outlined in the California Workers’ Compensation Uniform Statistical Reporting Plan—1995 and the California Workers’ Compensation Experience Rating Plan—1995, as they pertain to data reporting, experience rating and ownership. This is an entry level position for new staff and does not require any prior knowledge of insurance or workers’ compensation regulations.
Essential Duties and Responsibilities
* Completion of a training program, with coaching and mentorship provided by team members
* Reviews policy and unit statistical report (USR) data for accuracy to ensure WCIRB core responsibilities and services are not negatively impacted, including experience rating, advisory pure premium rates and coverage information.
* Follows department procedures for reviewing and processing policy and USR audit errors; timely review and resolution of insurer responses to audit errors in accordance with department standards.
* Provides verbal and written coaching and guidance to data reporters to resolve systemic data reporting issues and improve data quality.
* Collaborates frequently with team members, leadership, and other internal stakeholders to identify and resolve customer data reporting issues.
* Performs analytical research to determine proper ownership and combinability of entities; taking the requisite steps to ensure experience modifications are applied correctly to all impacted policies following ownership decision.
* Reviews policy information to identify potential lapses or overlapping insurance coverage and initiates communication with insurers to resolve.
* Identifies and timely reports system issues; collaborates with internal stakeholders to document and implement fixes for resolution.
* Participates in special projects or tasks, as assigned by management.
Education and Experience
* High school diploma required; Bachelor’s degree or equivalent work experience preferred
* Excellent analytical, communication and interpersonal skills.
* Excellent time manager with ability to meet deadlines and meet department performance requirements.
* Exhibits customer-centric mentality, focusing on adding value to our member insurers and other customers, providing clear explanations regarding complex issues and answering questions in a professional manner.
* Must be able to multi-task and pay close attention to the details.
* Experience in a customer-facing role
Perks & Benefits
Our employees enjoy a state of the art, energy-efficient, open work environment that nurtures collaboration and creativity. At the WCIRB, we go the extra mile to keep our employees happy and healthy.
Proud to be recognized as a Plan Sponsor of the Year finalist for our commitment to retirement readiness through strong 401k and pension offerings.
Some of our perks include:
* Hybrid work environment (40% onsite 60% remote)
* Medical, dental and vision benefits
* Competitive PTO Program
* Wellness benefits
* 401K and pension plan
* Social activities
* Community volunteer involvement
WCIRB is an equal opportunity employer committed to an inclusive workplace that fosters belonging. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, age, genetic information, or any other basis prohibited by law. We also consider qualified applicants with criminal histories consistent with applicable federal, state and local law.
The successful candidate will reside in California and will work from our headquarters in San Francisco at least 40% of the time. We are NOT able to pay for relocation costs for candidates or to sponsor or take over sponsorship of an employment Visa at this time.
Thank you for your interest in the WCIRB!