FINANCIAL EXAMINER/ANALYST II - 43000087

Date:  Jul 3, 2024
Location: 

TALLAHASSEE, FL, US, 32399


The State Personnel System is an E-Verify employer. For more information click on our E-Verify Website.

Requisition No: 832725 

Agency: Office of Insurance Regulation

Working Title: FINANCIAL EXAMINER/ANALYST II - 43000087

 Pay Plan: Career Service

Position Number: 43000087 

Salary:  $50,000.04 

Posting Closing Date: 07/24/2024 

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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 will primarily handle the less complex CCRCs and obligated groups.

The duties and responsibilities of this position include processing of applications and the examination and auditing of financial statements and records of regulated Continuing Care Retirement Communities which are licensed or applying for a license to operate in Florida to determine compliance with statutes and rules and for writing and compiling final reports of findings.  The work also includes conducting meetings to discuss findings with company officials.

The primary duties of this position are:

 

  • Performs financial reviews as well as routine and priority financial, compliance, operational and solvency analysis of continuing care retirement communities to determine compliance with the Florida Statutes and related rules and regulations.
  • Analysis of all annual, quarterly, monthly and special reports, schedules and exhibits of annual, quarterly, monthly and special statements as to financial condition and statistical compliance.
  • Assist with the evaluation of applicable residency agreements, real estate contracts, reserve calculations, management agreements, service agreements, escrow agreements and provider contracts, so as to ensure statutory compliance.
  • Compile statistical and general information reports based on these analyses.  Writes reports based upon technical interpretation of statutes and industry data.
  • Advises, discusses and furnishes data and information regarding technical issues, problems and concerns to management and prepares a final written report of findings and discusses with management and company officials.
  • Formulates and submits written recommendations to supervisors based upon conclusions reached from review of the data and information submitted.
  • Conduct the investigation of industry practices utilized by regulated companies and review reports on the resultant financial consequences.
  • Develops, establishes, organizes and maintains files, forms, data and financial information on entities applying or regulated to ensure that all information submitted is accurate, reliable, understandable and easily retrievable.
  • Maintain a thorough working knowledge of statutory terminology, accounting principles and Florida Insurance Laws and Regulations.

 

  • Consults with legal counsel, accountants, actuaries and auditors regarding interpretation of various documents.
  • Compiles evidence to be used in judicial or administrative proceedings and testifies when required.
  • Participates in professional development as required.
  • Assists in preparing for the annual Continuing Care Advisory Council meeting, including but not limited to, researching, analyzing and drafting a report and/or presentation to be presented at the annual meeting. 
  • Assist in ensuring that all internal analysis policies and procedures are update to date and works with management on any necessary updates.
  • Performs related work as required.

 

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

  • Working knowledge Microsoft Excel and Microsoft Word applications.
  • Knowledge of methods of compiling, organizing and analyzing data.
  • Ability to evaluate data for compliance with applicable statutes and regulations; Ability to analyze and interpret financial data; Ability to compile figures and prepare reports.
  • Ability to respond accurately under stress; Ability to plan, organize and coordinate work activities; Ability to communicate effectively verbally and in writing.
  • Ability to establish and maintain effective working relationships with others.
  • Knowledge of generally accepted accounting principles (GAAP).

 

SPECIAL NOTES

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

 

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. ***UPDATE SALARY AS NEEDED (DELETE COMMENT FROM RTA)

 

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. 


Nearest Major Market: Tallahassee