Chief Data Officer - Insurance

  • Full-time
  • Salary - Max.: $350,000.00
  • Disclaimer: Annualized base pay may vary depending on geographic location, job-related knowledge, skills, and experience.
  • Salary - Min.: $275,000.00
  • Verisk Business: Verisk Analytics
  • U.S. State: New Jersey

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Purpose of the Role

  • Ensure a view of what is the optimal data content needed to support and enhance the business’s mission and objectives is developed and maintained
  • Ensure our data content and platforming of data is continually advancing towards this optimal state
  • Ensure the efficiency and effectiveness of our data management capabilities, processes, and community across the enterprise are world class and always improving
  • Ensure data is generally moving in the direction of being more readily accessible and usable while adhering to the required governance and protection standards

Primary Goals to Be Assured by the Chief Data Officer

  • Verisk has a conceptualized and modeled view of what the ideal content is to support analytics within the vertical (across all units in that vertical)
  • Verisk has a data sourcing and data structuring plan to fully represent this conceptualized data model
  • Verisk is operating on a world class tech stack to manage all data types in every way
  • Verisk has a data engineering community that is right sized and appropriately skilled for the work needed
  • Verisk has available a set of data engineering resources, residing in the center that 1) ensure methodological excellence across the enterprise, and 2) can offer resources to individual projects to ensure timely completion
  • Verisk’s data capabilities and methods are world class and always improving
  • Commercialization opportunities for data assets or providing data management services and IP to our clients are pursued with vigor

Specific Responsibilities of the Chief Data Officer

1. Verisk has a conceptualized and modeled view of what the ideal content is to support analytics within the vertical (across all units in that vertical)

  • Develop and maintain a data model that contains the major entities and attributes which represent the ideal state of content and structure for the vertical.  The model should account for both data in its raw state (as it was received from the source) and any transformed/normalized views that would create efficiencies and provide value added transformed attributes
  • Update model as needed (but no less than every 12 months) to keep pace with the changing state of both data availability and the business
  • Review this ideal state with the business and ensure their understanding of why it represents the ideal state for us to be in

2. Verisk has a data sourcing and data structuring plan to fully represent this conceptualized data model

  • Develop and maintain a 12 month rolling plan to increasingly populate our data model so our conceptual model is fully realized over time
  • Identify new or existing raw sources of information to better populate our conceptual data model
  • Determine most effective means for ingesting data from its source and execute
  • Define the data engineering and manipulation (if any) required to make the data most usable.  Specifically, what data will be left in its raw state and for data to be transformed into a more normalized state what the transformation rules are
  • Provide the highest quality data to the user community by developing and adhering to a data validation process that identifies and corrects data issues at ingestion
  • Update CEO and CIO quarterly on progress towards full population of the data environment

3. Verisk is operating on a world class tech stack to manage all data and data types in every way

  • Publish and maintain a set of technical standards that will define the right tools and how they are to be deployed and used for purpose.  At the very least this should include:
    • Data storage and repository tools that account for both structured and unstructured persistent data storage i.e., RDMS and file system techniques
    • ETL tools required to manipulate data into new structures and formats
    • Data exploratory tools
    • Metadata and Master Data Management tools
    • Data quality and reporting tools
  • Develop a 12 month rolling plan to migrate data environments across Verisk to a more consistent state that adheres to these standards
  • Update CEO and CIO quarterly on progress and adjustments to plan

4. Verisk has a data engineering community that is right sized and appropriately skilled for the work needed

  • Maintain a current census of the data engineering community within the vertical
  • Develop a minimum set of standards for skills required by a Verisk data engineer
  • Continually assess the skill level and identify areas of concern/need and pursue proper path to address e.g., upskilling, transfer, retrain, new skills training, etc.
  • Create a rotation process for acceleration of in-flight projects and career advancement
  • Establish in partnership with the CHRO an ongoing program of recruitment for talent to be made available to business verticals as well as to populate the center’s analytic team

5. Verisk has available a set of data engineering resources, that 1) ensure methodological excellence across the enterprise, and 2) can offer resources to individual projects to ensure timely completion

  • Maintain a current census of all data engineering work within the vertical divided into on-going operational work and new development (new development being either incorporating new data assets or applying new methods to existing data assets)
  • On a quarterly basis update CEO and CIO on progress of new development and identify areas of opportunity in both on-going operational work and new development.  Make recommendation for how to achieve the opportunity
  • Build and maintain data engineering team at center to support verticals and provide overflow to BU’s when needed or accelerate high priority work
  • Determine and recommend budget for data engineering teams to CIO and CEO (both in the vertical and central team)

 

  • Verisk’s data capabilities and methods are world class and always improving
  • Develop a plan to properly protect and govern Verisk’s data assets
  • Identify specific areas of opportunity for improvement with regard to methods for data acquisition, data ingestion, ETL, data validation, and platforming for usability/accessibility within the vertical.  Develop plan and maintain plan for achieving improvements
  • Review progress and updates to plans on a quarterly basis with CEO, CIO

 

  • Commercialization opportunities for data assets or providing data management services and IP to our clients are pursued with vigor
  • Develop appropriate collateral to fully describe both our data assets and data management capabilities
  • Sales opportunities within the verticals are supported.  When appropriate, team is included in client conversations, client questions are addressed, proposals are developed and sent out in a timely fashion
  • RFP opportunities are assessed and responded to if deemed appropriate

Qualifications

Success Criteria

  • Business verticals respond favorably to the support from Chief Data Officer, the central team, and the vertical’s own data engineering teams
  • Demonstrable progress in defining new data content and advancing population of that content
  • Data technologies, methods, and skills are efficiently diffusing across Verisk
  • Data is in a more usable state and made more available

Additional Information

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing boundaries

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

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