ISO Regulatory Reporting Analyst

Senior Regulatory Reporting Analyst
Remote, US & Canada $60k- $94k plus bonus 

For more information on benefits and what we offer please visit us at https://www.exlservice.com/us-careers-and-benefits 

The posted range is the hiring range for this role — a subset of the broader range available to employees over time — and reflects base salary across our national hiring scale. Final offers are based on several factors, including the candidate's skills and experience, internal pay equity, work location, market conditions for the role, and the specific scope and responsibilities of the position. The top of the range is reserved for candidates who notably exceed the requirements; the lower end applies to those with less experience or fewer preferred qualifications. For positions based in higher-cost zones (e.g., California, New York, New Jersey), actual compensation may exceed the posted range; your recruiter will share specifics during the process.
 

• EXL is seeking a highly analytical and detail-oriented Senior Regulatory Reporting Analyst to support US Insurance Regulatory Reporting activities. The role will be responsible for ensuring the accurate, timely, and compliant submission of regulatory reports, data calls, and statutory reporting requirements across multiple jurisdictions. The successful candidate will collaborate with business, underwriting, claims, finance, actuarial, IT, and third-party administrators (TPAs) to gather, validate, analyze, and report critical insurance data while ensuring adherence to regulatory guidelines and internal governance standards.
• This position requires strong insurance domain expertise, advanced data analysis capabilities, excellent stakeholder management skills, and the ability to identify and resolve complex reporting and data quality issues.

Regulatory Reporting & Compliance

• Prepare, validate, and submit complex regulatory reports and data calls to various State Insurance Departments, regulatory bodies, and industry bureaus within established deadlines.
• Support statutory and regulatory reporting requirements related to premiums, claims, reserves, underwriting, and financial reporting.
• Ensure compliance with all applicable state insurance regulations, reporting standards, and filing requirements.
• Monitor regulatory changes and assess potential impacts on reporting processes and data requirements.
• Maintain reporting calendars and ensure timely completion of all regulatory deliverables.

Data Analysis & Reporting

• Extract, consolidate, validate, and analyze data from multiple source systems, databases, and reporting platforms.
• Utilize advanced Excel and analytical tools to manipulate large datasets and produce accurate regulatory reports.
• Conduct data reconciliations across underwriting, claims, finance, actuarial, and operational systems.
• Perform root cause analysis of data discrepancies and implement corrective actions to improve reporting accuracy.
• Identify reporting trends, anomalies, and opportunities for process improvement.

Process Documentation & Governance

• Develop and maintain comprehensive process documentation, reporting procedures, and submission guidelines.
• Establish robust controls and validation checks to ensure data integrity and reporting accuracy.
• Document data extraction methodologies, transformation logic, and reporting workflows.
• Support audit requests and maintain evidence supporting regulatory submissions.

Stakeholder Collaboration

• Partner with Underwriting, Claims, Finance, Actuarial, Compliance, IT, and TPAs to gather reporting requirements and resolve reporting issues.
• Translate complex technical and regulatory requirements into business-friendly language for various stakeholders.
• Participate in regulatory reporting projects, system enhancements, and process improvement initiatives.
• Provide reporting insights and recommendations to leadership and business partners.

Data Quality & Continuous Improvement

• Identify and proactively address data quality concerns impacting regulatory reporting.
• Implement process improvements to reduce manual effort, increase efficiency, and enhance reporting accuracy.
• Support automation initiatives and reporting transformation programs.
• Analyze downstream impacts of system, business, or regulatory changes on reporting obligations.

Additional Responsibilities

• Support ad hoc reporting requests, audits, regulatory examinations, and special projects.
• Assist management with strategic initiatives and other duties as assigned.

• Education: Bachelor's Degree in Business, Finance, Accounting, Statistics, Data Analytics, Insurance, or a related field.

Experience

• 5+ years of experience in Insurance Regulatory Reporting, Statutory Reporting, Financial Reporting, or Insurance Data Analytics.
• Strong understanding of US Property & Casualty (P&C) insurance operations and regulatory reporting requirements.
• Experience working with state insurance departments, regulatory data calls, and insurance reporting frameworks.
• Experience handling premium, claims, reserve, underwriting, and policy-related reporting data.

Technical Skills

• Advanced Microsoft Excel skills including:
• Pivot Tables
• Advanced Formulas
• Power Query
• Data Validation
• Complex Reconciliations
• Strong data analysis and problem-solving capabilities.
• Experience working with large datasets and multiple source systems.
• Working knowledge of SQL, Tableau, Power BI, Alteryx, or similar analytical tools preferred.
• Strong documentation and process mapping skills.

Domain Knowledge

• Understanding of insurance regulatory environments and reporting obligations.
• Knowledge of commercial insurance reporting processes preferred.
• Familiarity with statutory reporting concepts, NAIC reporting structures, and regulatory filing requirements is highly desirable.

Competencies

• Strong analytical and critical thinking skills.
• Exceptional attention to detail and accuracy.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.
• Strong stakeholder management and collaboration skills.
• Self-motivated with a proactive and solution-oriented mindset.
• Intellectual curiosity and willingness to challenge existing processes to drive improvement.
• Ability to work independently while contributing effectively within a team environment. 

Preferred Qualifications

• Experience in Commercial P&C Insurance.
• Exposure to NAIC reporting, Schedule P, Statutory Reporting, Market Conduct Reporting, or Regulatory Data Calls.
• Experience supporting insurance carriers, MGAs, TPAs, or broker operations.
• Knowledge of reporting automation and data governance frameworks.
• Lean Six Sigma, CPCU, AINS, ARM, or related insurance certifications preferred.