Market Data Analyst

Market Data Analyst Agency: Department of Labor & Regulation Location: Pierre, SD Salary: $28.54 - $36.00/hr., depending on qualifications Pay Grade: J Closing Date: Open Until Filled The Division of Insurance protects the public by providing assistance, fair regulation, and promoting a healthy, competitive market. This role is part of a team-focused environment focused on market oversight. What you will do As a Market Data Analyst, you will plan and oversee the Division’s market analytics program, emphasizing data‑driven regulatory oversight. Your responsibilities will include analyzing insurer practices related to claims handling, underwriting, marketing, sales, producer conduct, and consumer complaint resolution. You will support market conduct investigations and examinations, evaluate insurer practices, and leverage advanced data analysis to identify trends, risks, and emerging compliance issues. You will develop analytical frameworks, improve data quality and reporting processes, integrate technology to enhance regulatory oversight efficiency and accuracy, build reporting models, and apply statistical inference, causal analysis, and geographical analysis. Collaboration will occur with internal stakeholders and external partners such as NAIC work groups and multi‑state exam teams. Who We Want? A highly motivated person with a passion for serving the public who displays a high level of effort and commitment toward completing assignments and goals. An individual who listens attentively to others and clearly conveys information and ideas. A dependable and organized individual who effectively plans and completes work activities. An individual who works cooperatively with others and promotes a friendly work climate to achieve shared goals. Excellent written and verbal communication skills, including presenting complex data clearly. The Ideal Candidate Will Have Bachelor’s degree in business, statistics, data science, finance, or a related field. Demonstrated experience using data analytics, statistical tools, or business intelligence platforms. Strong analytical, investigative, and problem‑solving skills; ability to translate data into meaningful reporting. Knowledge Statistical tools such as Python, R, SAS, SQL, and advanced Excel functions. Business intelligence tools (Power BI, Tableau, ThoughtSpot, GIS, or similar tools). MS Word, Excel, Adobe, and other related software programs. Ability Integrate analytics into investigative scoping and prioritization, using risk indicators and quantitative analysis. Assess compliance with state laws; identify deficiencies and quantify impacts using data‑supported reasoning. Prepare reports or internal memos, ensuring findings are backed by clear data evidence. Coordinate with internal teams, including legal, enforcement, consumer services, and IT/data specialists to advance analytics across Division functions. Produce dashboards, performance metrics, and analytics briefs for leadership, legislative inquiries, and policy planning. Benefits The State of South Dakota offers a $0 premium employee health insurance option, eleven paid holidays, generous vacation and sick leave accrual, dental, vision, and other insurance options, and retirement benefits. This position is a member of Class A retirement under SDRS. Additional information: The position is exempt from the Civil Service Act and is eligible for Veterans’ Preference per ARSD 55:10:02:08. National Career Readiness Certificate (NCRC): If you possess a certificate, submit it with your application. A certificate is not required for consideration. The State of South Dakota does not sponsor work visas. All hires must verify identity and eligibility to work in the United States and complete an Employment Eligibility Verification, Form I‑9. The State of South Dakota uses E‑Verify upon hire. Additional Requirements: To be considered, please attach your resume. Equal Opportunity Employer #J-18808-Ljbffr Socket.dev