FINANCIAL EXAMINER/ANALYST II - 43000113
TALLAHASSEE, FL, US, 32399
Requisition No: 820075
Agency: Office of Insurance Regulation
Working Title: FINANCIAL EXAMINER/ANALYST II - 43000113
Position Number: 43000113
Salary: 50,000.04
Posting Closing Date: 05/17/2024
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*****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 a part of OIR’s Analysis Unit which analyzes the financial solvency of each authorized insurer, pursuant to the requirement set forth in the Florida Insurance Code. The primary duties, responsibilities, and educational requirements are taken from the National Association of Insurance Commissioner’s Financial Analysis Handbook, which the Office has adopted by Rule. 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.
This position will primarily handle the small to mid-sized holding company groups and less-complex single state companies. The primary duties of the position are:
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Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES:
- Strong communications skills (both written and oral)
- Understanding of insurance operations, risks, risk management techniques, and transaction flows
- Understanding of risks that could emerge from non-insurance operations of a group
- Analytical skills with the ability to pull together current financial information and update with submitted projections and other available narrative reports (i.e., business plan, Form F, MD&A, ORSA, etc.)
- Ability to research and apply the applicable state laws, insurance departments’ regulations, procedures and practices, GAAP and the NAIC statutory accounting practices
- Ability to understand and evaluate the enterprise risk management functions of insurers
- Ability to make decisions based on reasonable and timely analysis
- Ability to evaluate and challenge information provided by company
- Ability to multi-task, manage multiple projects, and effectively manage time
- Ability to adapt to changing expectations and environments
- Proficient with MS Word, Excel, and other related tools
- Proficient in use of electronic work paper documentation tools
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 $50,000.04.
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.
Nearest Major Market: Tallahassee