Job description
Who we are:
Nirvana is on a mission to harness the power of data to revolutionize commercial insurance and enable a safer world. We are bringing much-needed innovation into the legacy, trillion-dollar commercial insurance industry. We have developed cutting-edge predictive models that use real-time IoT data from billions of connected devices, allowing us to better understand and price risk. Our AI-driven platform fundamentally changes the way an insurance company operates with personalized risk scoring, faster underwriting, modernized claims, and proactive, data-driven insights to help customers prevent accidents.
We’ve already proven the scale—reaching well over $100 million in premiums and more than doubling year over year. Our data moat is growing exponentially with more than 20 billion miles of telematics data, leading to more predictive models and new insights into how we can better understand and reduce risk. Altogether, our loss ratio, efficiency, and customer experience are redefining what can be done in the industry.
With $170+ million raised, including an industry-leading Series C round in January 2025, we’re only accelerating our growth, with strong support from top-tier VCs including Lightspeed, General Catalyst, and Valor. Nirvana’s leadership team has previously helped scale multi-billion-dollar companies from scratch, including Samsara, Rubrik, and Flexport, and includes industry veterans from Hiscox, The Hartford, and RLI.
Position Summary:
Nirvana Tech is seeking a detail-oriented analytical Regulatory Reporting Specialist to join our Insurance Product team. This role is integral to ensuring Nirvana’s compliance with financial and regulatory reporting requirements across all jurisdictions in which we operate. The role includes collecting, validating, analyzing, and submitting accurate statistical and regulatory data to state insurance departments, statistical agents, and other industry regulatory authorities, as well as financial reporting to internal and external parties.
The ideal candidate possesses a strong background in data analysis, knowledge of insurance coverages, workflows and data requirements, sound understanding of statistical coding plans and statutory accounting principles, and an ability to work cross-functionally with internal and external teams. This position requires disciplined execution of reporting processes, proactive monitoring of data quality, and leadership in identifying and resolving data issues.
Key Responsibilities:
Regulatory & Statistical Reporting
Compile, validate, and submit commercial auto statistical data calls and reports to DOI, statistical agents (e.g., ISO, ISS), and other regulatory bodies.
Ensure accurate and timely submission of regulatory filings, including daily, weekly and monthly VIN reports through CV-ALIR, monthly NCRF reports, quarterly statistical reporting data calls, and monthly bordereau reports to fronting carriers, as well as other data calls, as required.
Proactively analyze external statistical reporting plan changes and initiate internal requirements gathering and execution with affected teams.
Financial Reporting
Prepare, reconcile, and deliver financial reports, including premium and loss bordereaux and account current statements, to fronting carriers, reinsurers, and other financial stakeholders on a monthly, quarterly, and ad hoc basis.
Ensure accuracy, completeness, and timeliness in reporting premium and claims transactions, including earned/unearned premium allocations, loss development updates, and cash movement summaries.
Collaborate closely with underwriting, claims, finance, engineering teams to gather required data inputs, identify and resolve discrepancies, and implement enhancements to automate and streamline reporting workflows.
Data Analysis and Quality Management
Test internal systems for potential reporting errors and provide root cause diagnostics and solutions; identify and investigate anomalies and discrepancies in data, report findings, and collaborate with internal teams to implement corrections or system updates.
Perform extensive data quality audits, run error checks, address and resolve suspense or rejected items.
Work with IT resources to ensure proper data mapping, effective system data capture, and consistent data definitions across platforms.
Monitor changes within the organization (new business, lines of business, or system changes) that may affect compliance and reporting.
Liaise with statistical agencies, regulators, and vendors to research inquiries, resolve reporting errors, and provide ad hoc responses.
Process Improvement and Testing
Maintain and enhance internal reporting procedures; evaluate current processes for efficiencies and recommend improvements to the Compliance Manager.
Support the implementation of business solutions and process improvements, ensuring alignment with organizational goals and compliance standards
Additional Compliance Responsibilities
Maintain meticulous documentation suitable for audit by compliance examiners.
Ensure workloads are prioritized appropriately to meet strict regulatory deadlines.
Participate in special projects and support enterprise initiatives as assigned by the Compliance Manager.
Required Qualifications:
Minimum of 1 year of experience in regulatory/statistical reporting, insurance accounting or data analytics in a Property & Casualty insurance environment.
Strong skills in data analysis with proficiency in Microsoft Excel (advanced formulas, pivot tables, macros).
Experience with data tools (e.g., SQL, Python, SAS) for querying and transforming large datasets.
Proven analytical, organizational, and project management skills.
Detail-oriented with strong written and verbal communication abilities.
Ability to work independently and manage multiple priorities under tight deadlines.
Preferred Qualifications- We encourage you to apply even if you don’t meet the criteria below; these skills are nice to have, but not required.
Familiarity with statistical reporting protocols for agencies like ISO, ISS, and various Departments of Insurance.
Experience with CV-ALIR reporting through Verisk.
Knowledge of commercial automobile insurance coverages, workflows and data requirements.
Bachelor’s degree in Accounting, Finance, Mathematics, Data Science, Actuarial Science, or a related field, or equivalent work experience.
CPCU, ARC or CPA is a plus.
Knowledge of Statutory Accounting Principles (SAP) and NAIC reporting guidelines.
Experience working with regulatory compliance systems, including NCRF, Mass C.A.R., FLOIR, DFS Portal, etc.
Experience in process automation or improving reporting workflows.
Working Conditions:
Some domestic U.S. travel may be required (<10%).
Remote or hybrid work arrangements possible based on business needs.
Benefits:
Competitive salary & equity
Medical, dental & vision insurance
401k with company match
Unlimited PTO
Work from home friendly
#LI-Remote
