Claims Analyst

RiverStone Management Ltd.; Beverly (MA); Hybrid; USD 66,000 - 110,000; Full time

Benefits offered by this job

Health & Wellness

Paid Time Off

Retirement Plans

Life Insurance

Work-Life Balance

Employee Discounts

Employee Assistance Program

Parental Leave

Job summary

RiverStone Management Ltd. is seeking a Claims Analyst to support portfolio management through data analysis, forecasting, and reporting. You will provide insights into loss trends and financial performance to inform decisions aligned with Group Claims processes.

Responsibilities include analyzing data for trends, forecasting loss development and reserves, and preparing regular management reports. Collaboration with Claims, Finance, Actuary, IT, and Operations is essential to ensure data

Qualifications

• 2–6+ years of experience in insurance, claims analytics, or financial/data analysis.
• Experience with large data sets, reporting, trend analysis, and performance monitoring.
• Strong analytical capability and problem-solving skills, including data modeling, forecasting, and variance analysis.
• Advanced Excel and BI tools proficiency with Power BI, SQL, SAP, or similar analytics platforms.
• Solid understanding of insurance/reinsurance business models; exposure to claims operations is preferred.

Responsibilities

• Analyze claims data across managed portfolios to identify trends and key loss drivers.
• Support claims forecasting activities, including projections of loss development, reserves, and financial outcomes.
• Prepare and maintain regular management reporting on claims performance and trends.
• Coordinate with Claims, Finance, Actuary, IT, and Operations teams to validate data accuracy across outputs.
• Monitor variances between actuals and forecasts and provide insights for decision-making.
• Develop and enhance reporting tools, dashboards, and data models for visibility into claims performance.
• Identify and remediate unreconciled data, reporting, and systems-related gaps affecting analytics.

Skills

Advanced Excel

PowerPoint

Analytical thinking

Data modeling

Forecasting

Tools

Power BI

SQL

SAP

Job description

The Claims Analyst will be responsible for supporting the effective management of claims portfolios through data analysis, forecasting, and reporting, providing insights into claim trends and financial performance to inform decision-making in line with Group Claims processes.

Responsibilities

• Analyze claims data across managed portfolios to identify trends, patterns, and key drivers of loss performance
• Support claims forecasting activities, including projections of loss development, reserves, and financial outcomes
• Prepare and maintain regular management reporting on claims performance, key metrics, and emerging trends
• Partner with Claims, Finance, Actuary, IT, and Operations teams to validate data accuracy and ensure consistency across reporting outputs
• Monitor and analyze variances between actuals and forecasts, providing insights and recommendations to support decision-making
• Develop and enhance reporting tools, dashboards, and data models to improve visibility into claims performance
• Support the identification and remediation of unreconciled data, reporting, and systems-related gaps impacting claims analytics and forecasting capabilities
• Contribute to initiatives aimed at improving consistency and standardization across claims processes, including controls, KPIs, and governance practices
• Provide analytical support for portfolio reviews, including evaluation of resource needs, alignment with forecasted claims outcomes, and overview of portfolio performance
• Assist in tracking and prioritizing operational and reporting improvements to enhance readiness, scalability, and overall claims performance
• Ensure data integrity and compliance with internal controls, reporting standards, and Group Claims policies
• Work with external stakeholders to fulfill any claims related requests, including loss runs, data calls and other time-sensitive matters
• Support ad hoc analysis requests related to claims performance, portfolio trends, and emerging risks

Requirements

• 2–6+ years of relevant experience in insurance, claims analytics, or financial/data analysis
• Experience working with large data sets, including reporting, trend analysis, and performance monitoring
• Strong analytical capability and problem-solving skills, including experience with data modeling, forecasting, and variance analysis
• Advanced Excel Skills (e.g., Pivot Tables and Lookup Formulas) proficiency with BI tools (e.g., Power BI, SQL ,SAP, or similar analytics platforms) and PowerPoint skills strongly desired
• Solid understanding of insurance and/or reinsurance business models, with exposure to claims operations preferred
• Strong business writing and reporting skills, with the ability to present insights clearly and concisely
• Demonstrated attention to detail and a high level of data accuracy
• Ability to translate data into actionable insights to support business decision-making
• Strong organizational skills with the ability to manage multiple priorities and deadlines
• Excellent communication and interpersonal skills, with the ability to collaborate across all levels of the Claims, Finance, IT, and Operations teams
• Ability to work effectively in a fast-paced, team-oriented environment
• High level of motivation and creativity to identify and develop new strategies and approaches to problems, creating efficiencies in existing and new processes
• Must be legally authorized to work in USA.
• Limited travel may be required.

Benefits

We believe in taking care of our team and helping our employees thrive both professionally and personally. Our benefits include:

• Health & Wellness – Comprehensive medical, dental, and vision insurance plans
• Paid Time Off– Generous vacation, sick leave, and paid holiday
• Retirement Plans – 401(k) with company match to help you plan for your future
• Life Insurance – Company-paid basic life insurance, with options to purchase additional coverage
• Work-Life Balance – Flexible work hours and hybrid work opportunities
• Employee Discounts – On products, services, or partner offerings
• Employee Assistance Program (EAP) – Free, confidential support for mental health, legal, and financial counseling
• Parental Leave – Paid maternity and paternity leave

The base salary range for this position is $66,000 - $110,000. The actual compensation offered will be based on a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for an annual discretionary bonus, calculated as a percentage of base salary, in accordance with the applicable bonus plan.