Statistical Reporting Compliance Analyst, Pie Insurance
$85-105k
+ Equity
Small business insurance
Open for applications
Small business insurance
201-500 employees
Open for applications
$85-105k
+ Equity
201-500 employees
Company mission
To make insurance less expensive, simpler, and more transparent for small business owners.
Role
Who you are
- Bachelor's Degree preferred; high school diploma with college coursework required
- Minimum of 3 years’ experience in the insurance industry is required
- Specific working knowledge of statistical reporting including, but not limited to NCCI, ISO, and Independent Rating Bureaus is preferred
- Knowledge of workers’ comp or commercial auto insurance filing requirements preferred
- Data review and analysis skills are required
- Ability to analyze and coalesce myriad information, data, and sources into cohesive reports
- Demonstrated experience working with and protecting sensitive and confidential information is preferred
- Intermediate problem solving skills to be able to manage tasks and work through to solutions with guidance and direction
- Demonstrated experience working with G-Suite tools and collaboration tools is preferred
- Remote team members must live and work in the United States* (*territories excluded), and have access to reliable, high-speed internet
What the job involves
- Reporting to our Senior Director of Legal and Regulatory Compliance, this role’s main mission is to ensure insurance regulatory compliance with applicable state, federal and other regulatory statistical and other reporting requirements
- As a Statistical Reporting Compliance Analyst, you will be responsible for resolving WCPOLS, WCSTATS reporting questions from stakeholders, including internal stakeholders and state bureaus, as well as responding to questions regarding statutes, regulations, and contributing to research regarding reporting and compliance related issues
- In this role, cross-functional and intra-team collaboration are critical
- You will be a part of the regulatory compliance team but will work with product, underwriting, audit, customer service, and engineering on a regular basis
- Undertake analysis and oversight of reported data, including financial data calls, stat reporting, and other required regulatory reports
- Calls to National Council on Compensation Insurance (NCCI), Insurance Services Office (ISO), Independent Rating Bureaus, and Departments of Insurance
- WCPOLS, WCSTATS, and Bureau/DOI Assessments
- Responsible for continuous review of automated and manual processes for distribution, tracking, and follow-up of bureau criticisms, including proof of coverage
- Responsible for overseeing commercial auto policy reporting through CV-ALIR
- Manage relationships with third-party reporting vendors
- Ensure that Pie operations and procedures, including internal teams and external third-party vendors, meet state and bureau regulatory compliance requirements
- Key areas of coordination include underwriting, insurance product, premium audit, stat/regulatory reporting, and operations
- Monitor, analyze, communicate, and control changes to meet new state regulatory requirements from regulatory agencies and other resources. Review changes for potential impact on current business practices
- Review and analyze insurance policies, forms, and rates to ensure compliance with regulatory requirements across multiple jurisdictions
- Provide compliance guidance to internal business units
- Manage and efficiently distribute emails coming into regulatory compliance team inboxes to the correct internal team member or external party
- Assist with company corporate and expansion application submission and tracking requirements
- Independently plan, manage, and complete projects as directed
- Synthesize, summarize, and communicate results of research in clear, concise language
- Perform intermediate analyst work to support a compliant insurance organization, including investigation, root cause analysis, brainstorming, and monitoring of results and controls
- Conduct internal audits to identify potential compliance issues and recommend corrective actions
Our take
Historically, it’s been extremely cumbersome to qualify, onboard and manage workers’ comp insurance, particularly for America’s small businesses which haven’t been prioritized by larger carriers. That’s left small businesses often stranded with expensive and low-quality coverage.
Pie Insurance is changing all that through its technology-first model. Using data and analytics to better comprehend risk and speed up the decision-making process, it reduces the time to make an underwriting decision to a few minutes. Facing only legacy competition in an industry ripe for disruption, Pie Insurance has enjoyed rapid growth and received significant investment funding from backers in the InsurTech space.
Having recently acquired a nationally licensed insurance company, Pie Insurance is now able to directly issue its own policies nationwide. Currently available in 38 states, it will be aiming to expand its operations into the remaining states and territories to provide insurance to small businesses across the entire USA.
Freddie
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Sep 2022
$315m
SERIES D
Mar 2021
$118m
SERIES C
Total funding: $620.3m
Company benefits
- Flexible work: Pie offers in-office, hybrid, and remote work options so you can create the work environment that's best for you
- Fully paid health care: Pie covers the health, vision, and dental premiums for full time employees and covers a percentage of premiums for spouses and children
- Equity and 401k: We think you should get a piece of the pie, so in addition to equity, Pie contributes to your retirement through a 401k
- Generous PTO: We want to make sure Pie-oneers have time to balance a rewarding work life and fulfilling personal life
- Parental leave: Pie knows your family is important, providing 100% compensation for the first three months of parental leave, as well as a generous return to work plan
- Caregiver leave: Pie offers caregiver leave so you have the time to dedicate to those who need your care
- HSA and Health FSA: Pie contributes $1,500 for individuals and $2,000 for family HSAs per year. Employees have the option to contribute to a Health FSA
- Dependent Care FSA: To help care for your dependents, Pie allows employees to set aside pre-tax dollars to be used for expenses like babysitters, daycare, summer camps, etc
- Pet insurance: Pie understands your pet is family and their care can be costly when they're not feeling well. The plans provide reimbursement for common needs like exams, vaccines, x-rays, prescriptions, and much more!
Company HQ
Union Station, Denver, CO
Leadership
Dax Craig
(Co-Founder & President)MD of 11x Holdings which invests in commercial and residential real estate. Also Co-founded Valen Analytics, a data and analytics provider for property and casualty insurance.
John Swigart
(Co-Founder & CEO)Previously CMO for RapidFinance. Also worked as CMO for Esurance, starting off as VP of Finance in 2000.
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