Business Analyst Specialist

Business Analyst Specialist

Munich Re | Princeton, NJ, 08544, US
Salary Range:$67,000 – $96,000 Salary range estimated by Zippia

Posted 9 days ago

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Design, develop, and maintain metrics/reports/tools and other adhoc reports as requested in support of various Claims initiatives. Analyze the information contained in these reports and other financial, actuarial and corporate reports, as well as the reinsurance and insurance systems as requested by Claims personnel.

* Support the quarterly Large Loss Process by analyzing Reinsurance and Primary Insurance loss development.
* Communicate and provide detailed analysis reports that support large loss changes to Claims managers, Corporate Reserving and RIA stakeholders.
* Access and analyze appropriate data sources as necessary or as requested in support of Claims initiatives.
* Analyze and confirm accuracy of key financial measures and figures and recommend proper accounting and claims processing solutions associated with complex commutation transactions.
* Provide analytical support and insight for client-specific financial/claim audits and special projects.
* Support the design, development, and maintenance of metrics as requested by Head of Corporate Claims.
* Complete complex data manipulation required to compare client data to MRAm financial and claim information and investigate drivers of differences.
* Train Claims personnel on the proper use of customized metrics, reports and other tools and act as key expert resource on internal systems, such as FS-RI, Business Objects, ICO BW, etc. as well as MS Office products, such as Excel, PowerBI, Word and PowerPoint.
* Support Claims planning process as needed.
* Support the design, development, and maintenance of regulatory compliance reporting.

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

Your profile

* Bachelor's degree or equivalent prior experience
* 5+ years of insurance/reinsurance experience is strongly preferred
* Takes initiative and is proactive in identifying solutions
* Strong communication skills to articulate requirements with technical and give demonstration of tools to business users
* Working knowledge of MRAm's data sources, especially (FS-RI, RMnL, Business Objects, ICO IRDW)
* Strong working knowledge of insurance/reinsurance accounting, business structures, claim and actuarial practices
* Extensive experience in extracting and manipulating data for the purposes of analysis, report creation, and report automation
* Strong knowledge of Microsoft Office (especially Excel, PowerBI)
* Desire to continue to pursue advancement of technical and analytical skills

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About us

Munich Re America Services, Inc. is a services provider to affiliated group companies primarily related to general services, procurement and IT services.