FINANCIAL EXAMINER/ANALYST I - 43000620

Requisition No: 821724 

Agency: Office of Insurance Regulation

Working Title: FINANCIAL EXAMINER/ANALYST I - 43000620

 Pay Plan: Career Service

Position Number: 43000620 

Salary:  $40,000.08 

Posting Closing Date: 05/20/2024 

Total Compensation Estimator Tool

*****OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY *****

OFFICE OF INSURANCE REGULATION
BUREAU: LIFE & HEALTH FINANCIAL OVERSIGHT

CITY: TALLAHASSEE 

COUNTY: LEON

The Florida Office of Insurance Regulation (OIR) Strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world.

OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their career and offers a wide variety of top insurance – related courses and professional certifications to ensure that its staff has the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full time, salaried employees.

As a State Agency, OIR offers excellent benefits such as health insurance, dental insurance, vision insurance, retirement plans, flexible spending accounts, health savings accounts, and much more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.

Click the links below to see the many benefits and retirement options you have as a State of Florida employee.

https://www.mybenefits.myflorida.com/

https://myfrs.com/ContactUs.htm

Brief Description of Duties and Responsibilities:

This position is part of OIR’s Application Unit which analyzes licensing applications, corporate amendment applications and other applications of insurers and other licensees.  The primary duties, responsibilities, and educational requirements are taken from the National Association of Insurance Commissioner’s Company Licensing Handbook. This position requires extensive training and education and requires the employee to exercise discretion and judgment in determining the appropriate action based on the financial condition and prospective solvency of the insurance company being analyzed.

Education and/or Experience:

This position requires Bachelors’ degree or higher from an accredited college or university with a major in accounting, finance, business, risk management and insurance or actuarial science.

The primary duties of the position are:

• Process public records requests, including locating and reviewing documents and coordinating with the Public Records Office and L&HFO staff.
• Process filings Investigation Only and similar application filings.
• Perform pre-reviews of company application filings.
• Compile internal and external reports.
• Respond to inquiries pertaining to assignments from OIR staff and outside entities, including applicants, licensees, other agencies, and consumers.

• Participate in training courses to develop new and improve upon existing skills.
• Assist with other application filings as necessary and make recommendations regarding whether entities qualify for licensure pursuant to the Florida Insurance Code.
• Assist with special projects and presentations.
• Monitor management information systems, design and implement modifications when necessary.
• Perform other related duties as required

Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of the methods of data collection and analysis.

• Knowledge of basic management principles and practices.
• Ability to collect, evaluate and analyze data to develop alternative recommendations, solve problems, document work flow and other activities relating to improvement of management practices.
• Ability to organize data into logical format for presentation in reports, documents and other written materials.
• Ability to conduct fact find-solving techniques.
• Knowledge of office procedures and practices.
• Ability to prepare correspondence and administrative reports.
• Ability to understand and apply applicable rules, regulations, policies and procedures.
• Ability to investigate, analyze and resolve complaints.
• Ability to communicate effective, orally and in writing.
• Ability work independently including ability to plan, organize, coordinate work assignments and prioritize duties.
• Skill in the use of computer and other office equipment.
• Ability to perform technical research for the preparation of the promulgation of rules.
• Ability to plan, organize and conduct meetings.
• Ability to coordinate multiple tasks.
• Ability to establish and maintain effective working relationships with others.
• Ability to train individuals.
• Skill in problem solving, techniques.
• Ability to prioritize duties.

PREFERRED KSA’s

• Knowledge of Florida Statutes relating to background investigations of principles of insurance companies becoming licensed and currently licensed in Florida.
• Knowledge of Florida Statutes relating to licensing requirements of insurance companies.
• Knowledge of CORE, iApply, various NAIC related databases, FDLE fingerprint repository and background investigation databases.

SPECIAL NOTES: 

This position requires a Bachelor’s degree or higher from an accredited college or university with a major in accounting, insurance, finance, business, or actuarial science. 

Applicants will be required to complete an exam or work sample to evaluate their insurance knowledge and skills in reading, comprehension, and application of the Florida Statutes.

The starting annual salary for this position is $40,000.08.

The work hours for this position will be 8:00 a.m. to 5:00 p.m., Monday-Friday.

This is a non-remote, on-site position located in Tallahassee, FL.

Employees of the Office of Insurance Regulation are paid on a monthly pay cycle. 

This position requires a security background check, including fingerprint as a condition of employment. 

Responses to qualifying questions must be clearly supported by the state application and any omission, falsification, or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.

If you are a retiree of the Florida Retirement System (FRS), please check with the FRS on how your current benefits will be affected if you are re-employed with the State of Florida. Your current retirement benefits may be canceled, suspended, or deemed ineligible depending upon the date of your retirement.

The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer, and does not tolerate discrimination or violence in the workplace.

Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center (1-866-663-4735). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.

The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.

VETERANS’ PREFERENCE.  Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply.  Certain service members may be eligible to receive waivers for postsecondary educational requirements.  Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code.  Veterans’ Preference documentation requirements are available by clicking here.  All documentation is due by the close of the vacancy announcement.