Bordereau Management System (BMS) Data Analyst

Position: Bordereau Management System (BMS) Data Analyst

Location: NYC, NY ( Hybrid )

(Experience in the (Re)insurance industry, across US Property & Casualty, International Markets and Life, Accident & Health segments.)

Ideal candidate collaborate closely with cross-functional teams to define data standards, negotiate data requirements with partners, and implement best practices for data management (mapping, validation and transformations), integration, and analysis. This role offers an exciting opportunity to work on cutting-edge technologies, solve complex data challenges, and drive impactful insights that fuel our company's success.

• Bachelor's or Master's degree in Computer Science, Information Systems, or a related field.
• 10+ years of experience in data analysis and data management.
• 5+ years of experience in the (Re)insurance industry, across US Property & Casualty, International Markets and Life, Accident & Health segments.
• Strong capabilities working with the latest business intelligence tools and query tools, specifically Power BI, SQL and Spark.
• Strong understanding of data modelling and data processing frameworks such as SSIS, Python and Databricks.
• Excellent data analysis and data management documentation skills.
• Excellent organizational, written, verbal and presentation skills.
• Excellent critical thinking and analytical abilities, particularly with regards to data management.
• Ability to work individually with limited oversight.
• Strong leadership skills fostering collaboration and driving solutions within a data team.
• Ability to prioritize, multi-task, and maintain flexibility in a fast-paced, changing environment.
• Demonstrated ability to influence and work effectively within a global organization with employees at all levels.
• Motivated, team-oriented, with strong problem-solving and project management skills.

Key Responsibilities

• Become an internal SME taking charge of gaining a deeper understanding of the products and associated data, and making determinations on data interpretation for downstream onboarding, including validating data accuracy and quality.
• Work closely with Program Managers to negotiate and gather the required policy, premium, claims, and risk exposure data from Brokers, MGAs, Coverholders, or TPAs and escalate issues to internal teams where necessary.
• Manage the end-to-end data onboarding process for the Bordereaux Management System (BMS) including but not limited to:
  • Analysing and mapping data to verify the accuracy and completeness of data that has been collected. This may involve checking for duplicate entries, missing information, or incorrect figures.
  • Work with data engineering teams to integrate data into our Bordereaux Management System (BMS).
  • Perform acceptance testing on data that has been loaded to ensure it reconciles to source files and aligns to the mapping and validation rules that have been defined.
  • Monitor and address data quality issues to ensure compliance with agreed standards and timelines, either by resolving them internally or contacting partners for corrections.
• Collaborate with our internal Business Intelligence (BI) team and key business stakeholders to develop insights, analytics and reports to:
  • Identify trends, potential risks, and areas for improvement with regards to the overall performance of a portfolio.
  • Monitor whether Brokers, MGAs, Coverholders, or TPAs are meeting the terms and conditions of the Program Management Agreements (PMA) and Binding Authority Agreements.
  • Meet the needs of regulators, reinsurers, market bodies and internal compliance teams, including ISO/ISS, Lloyds, premium tax etc
• Implement continuous improvement processes to increase efficiency, reduce errors and improve oversight & decision making.
• Develop and enforce best practices in areas of master and reference data management, data mapping, data modelling and data integration with regards to the Bordereaux Management System (BMS)
• Ensure process and training documentation in relation to Bordereaux Management Procedures are kept up to date.
• Stay aware of market standards (including ACORD and Lloyds), changes to bordereaux data and processing requirements.