Regulatory Reporting Analyst

9 Minutes ago • 3 Years +
Financial Analysis

Job Description

The Regulatory Reporting Analyst (RRA) serves as an internal subject matter expert in insurance regulatory reporting (NAIC, Solvency II, BMA). This role involves providing guidance to internal and external parties, establishing internal controls for data accuracy, ensuring external reporting meets requirements, and collaborating with development teams to refine reporting solutions. The analyst will also support operations, create tie-out rules, debug code, and address client regulatory issues.
Good To Have:
  • Knowledge of financial/investment accounting.
  • Securities or financial markets experience.
  • SQL query writing skills.
Must Have:
  • Ensure external regulatory reporting meets satisfactory requirements.
  • Apply intermediary fixes to reporting solutions.
  • Collaborate with Product Owner and development on reporting requirements.
  • Support Operations on software implementation regulatory guidance updates.
  • Create tie-out rules for data accuracy checks.
  • Debug code to identify root cause defects.
  • Respond quickly, accurately, and thoroughly to inquiries.
  • Work closely with Software Development Engineers to resolve defects.
  • Submit, retest, and verify code defect fixes.
  • Serve as content expert in area of expertise.
  • Review and provide feedback on requirements, design, and scope documents.
  • Apply skills to resolve issues in cash flows, complex assets, corporate actions, reference data.
  • Identify opportunities to improve data and systems.
  • Proficient in user experience; provide external demonstrations.
  • Address client regulatory issues in external interactions and meetings.
  • Understand value versus functionality in interactions.
  • Fulfill most data mining requests.
  • Read code with minimal assistance.
  • Work autonomously, answering most requests without assistance.
  • Run pre-built queries, understand SQL fundamentals and basic computer languages.
  • Strong Excel skills (VLOOKUP, SUMIF, Pivot Tables, Ribbon Utilization).
  • Investment accounting or financial knowledge.
  • Knowledge of Statutory Accounting for regulatory reporting and guidance.
  • Strong computer skills, including Microsoft Office proficiency.
  • Excellent attention to detail and strong documentation skills.
  • Outstanding verbal and written communication skills.
  • Strong organizational and interpersonal skills.
  • Exceptional problem-solving abilities.
  • Bachelor's/Master’s degree in finance, accounting, economics, data science, data analytics or related field.
  • 3+ years of relevant experience.
Perks:
  • Business casual atmosphere
  • Team focused culture that promotes innovation and ownership
  • Access cutting edge investment reporting technology and expertise
  • RSUs as well as employee stock purchase plan and 401k with match
  • PTO and volunteer time off to give back to the community
  • Defined and undefined career pathways allowing you to grow your own way
  • Work from anywhere 3 weeks out of the year
  • Work from home Fridays

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Job Summary:

The Regulatory Reporting Analyst (RRA) serves as an internal subject matter expert in insurance regulatory reporting, covering NAIC, Solvency II, and BMA reporting. In this role, RRAs provide guidance to both internal and external parties on the appropriate management of regulatory reporting. They also establish and manage internal controls to guarantee the accuracy of data in this context.

Responsibilities:

  • Ensures regulatory reporting provided externally meets satisfactory requirements prior to delivery.
  • Applies intermediary fixes to reporting while development works on holistic reporting solutions.
  • Interacts with Product Owner and development teams to identify and refine satisfactory reporting requirements.
  • Supports Operations Departments by answering questions regarding the Clearwater software implementation regulatory guidance updates.
  • Creates tie-out rules that are used to check the data accuracy of reports.
  • Debug code to root cause defects.
  • Responds quickly, accurately, and thoroughly to internal and external inquiries.
  • Works closely with Software Development Engineers to resolve defects.
  • Submits defects in code updates and retests and verifies these defects once they are fixed.
  • Serves as content expert in area of expertise.
  • Reviews and provides feedback on requirements, design, and scope documents.
  • May assist with education and training relating to Regulatory Reporting enhancements and conveying corrections to other employees.
  • Applies acquired skills, procedures, and decision-making best practices to complete a variety of issues in creative ways. I.e.: cash flows, complex assets, corporate actions, reference data, etc.
  • Looks for opportunities to improve our data and systems and can earn the ability to allocate 30% of their time to work on said projects.
  • Proficient knowledge of the user experience. Can provide an externally facing demonstration of our website and answer the most high-level questions about our offering.
  • Addresses client regulatory issues for external facing interactions and engages in client meetings and provides updates.
  • Understands the difference between value and functionality and can consistently deliver value messages in internal and external interactions.
  • Able to fulfill most data mining requests.
  • Able to read code with minimal assistance.
  • Works autonomously and answers most requests and inquiries without assistance.
  • Runs pre-built queries, general understanding of SQL fundamentals and basic knowledge of computer languages.

Required Skills:

  • Strong skills with Excel such as VLOOKUP, SUMIF, Pivot Tables, and Ribbon Utilization.
  • Invesment accounting or financial knowledge.
  • Knowledge of Statutory Accounting for regulatory reporting and working with regulatory guidance.
  • Knowledge of financial/investment accounting preferred.
  • Securities or financial markets experience preferred.
  • SQL query writing skills preferred.
  • Strong computer skills, including proficiency in Microsoft Office.
  • Excellent attention to detail and strong documentation skills.
  • Outstanding verbal and written communication skills.
  • Strong organizational and interpersonal skills.
  • Exceptional problem-solving abilities.

Education and Experience:

  • Bachelor's/Master’s degree in finance, accounting, economics, data science, data analytics or a related field.
  • 3+ years of relevant experience.

What we offer:

  • Business casual atmosphere
  • Team focused culture that promotes innovation and ownership
  • Access cutting edge investment reporting technology and expertise
  • RSUs as well as employee stock purchase plan and 401k with match
  • PTO and volunteer time off to give back to the community
  • Defined and undefined career pathways allowing you to grow your own way
  • Work from anywhere 3 weeks out of the year
  • Work from home Fridays

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