Sr State Regulatory Reporting Analyst in North Palm Beach, FL at honor foundations

Date Posted: 12/4/2024

Job Snapshot

Job Description

NextEra Energy is the world's largest producer of wind and solar energy. With operations in nearly all 50 states and four provinces in Canada, our nearly 15,000 employees are committed to finding innovative, industry-leading solutions to provide safe, reliable and affordable clean energy to millions of customers throughout North America. We are leading the decarbonization of the U.S. economy with our goal to reach Real Zero carbon emissions from our operations by 2045 while improving customer affordability and reliability. Do you want to help us achieve Real Zero? Join our world-class team today. Learn more.

Position Specific Description

Palms Insurance is a subsidiary of NextEra Energy, Inc., and manages both its Alien captive, Palms Cayman (which focuses on providing NextEra flexible and comprehensive insurance) and non-affiliate insurance entity Palms Specialty (a fast-growing specialty surplus lines insurer and reinsurer serving to further diversify NextEra’s overall insurance portfolio and contribute to overall profitability).

The State Regulatory Reporting Analyst will be responsible for the compilation and completion of data calls, state and regulatory filings related to data reporting, for all companies. Leveraging Excel, SQL and XMLs to report data to each state. Researching compliance issues and implementing procedures along with data quality checks to meet requirements.

Key Responsibilities:

•    Review and analyze state statutes and regulations to determine impact and ensure adherence to filing and regulatory requirement

•    Review standard regulatory and industry bulletins to identify changes in state and insurance regulatory regulations which impact statutory statistical data requirements.

•    Review ad-hoc data calls from the various states and map them to Palms’ deliverables

•    Support the annual Producer Premium Reporting process by creating the CSV and XML files, validating for accuracy and submitting to the state

•    Responsible for the preparation of responses to DOI queries from various sates

•    Researches issues related to new and/or changing regulatory reporting requirements.

•    Develops and maintain SQL scripts to extract data from the Data Warehouse

•    Create various summaries and/or worksheets for monthly, quarterly and annual reports, and/or statements – Excel and XMLs

•    Collaborates with Compliance to communicate orally and in writing with Company personnel, state regulatory agencies and reporting bureaus.

•    Maintain manuals and documentation

Key Skills and Qualifications:

•    At least two years of experience in P&C (Property & Casualty) Commercial lines data reporting for Surplus Lines

•    Able to review instructions and understand data requirements, have general insurance coverage knowledge and how to extract specific data from the system

•    Relevant knowledge of regulatory or procedural compliance issues, with ability to apply to operations. 

•    Ability to compile, organize, and review large amounts of data for accuracy

•    Ability to work independently with detail and accuracy.

•    Strong problem-solving skills and attention to detail.

•    Excellent communication and teamwork abilities.

•    Good time management skills to prioritize appropriately and meet deadlines.

•    Commitment to continuous learning and staying updated with industry trends.

•    Bachelor’s degree in math, accounting, statistics, risk management or related field.

•    Associate in Insurance Data Analytics (AIDA) designation or insurance-related certifications are preferable but not required.

We are open to considering a fully remote resource. 



Job Overview

This position is responsible for the compilation and completion of formal requests of information addition to state and regulatory filings for all Palms Insurance companies. The role will review and analyze state statutes/regulations to determine reporting requirements and utilize Excel, SQL, and XMLs to extract, organize and submit data to state government agencies. This position will also identify and resolve compliance gaps in addition to implementing data quality checks and associated procedures for sufficiency.



Job Duties & Responsibilities

  • Review and analyze state statutes and regulations to determine requirements and ensure adherence to filing and regulatory requirements
  • Review standard regulatory and industry bulletins to identify changes in state and insurance regulatory regulations which impact statutory statistical data requirements
  • Review ad-hoc formal requests for information from the various states and map them in Palms' deliverables
  • Support the annual Producer Premium Reporting process by creating the CSV and XML files, validating for accuracy and submitting to the each state
  • Responsible for the preparation of responses to department of insurance (DOI) queries from states
  • Researches issues related to new and/or changing regulatory reporting requirements
  • Performs other job-related duties as assigned



Required Qualifications

  • Bachelor's Degree
  • Experience: 4+ years



Preferred Qualifications

  • None

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.

Employee Group:  Exempt

Employee Type:  Full Time

Job Category:  Legal/Regulatory/External Affairs

Organization:  Palms Management Services, LLC 

Relocation Provided:  Yes, if applicable

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

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Nearest Major Market: Palm Beach

Nearest Secondary Market: Miami

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