INSURANCE ANALYST III - 43005127

Requisition No: 825906 

Agency: Financial Services

Working Title: INSURANCE ANALYST III - 43005127

 Pay Plan: Career Service

Position Number: 43005127 

Salary:  50,000.04 

Posting Closing Date: 05/08/2024 

Total Compensation Estimator Tool

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

DIVISION: OFFICE OF INSURANCE REGULATION
BUREAU: PROPERTY AND CASUALTY MARKET REGULATION

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 industry-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 all 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://www.myfrs.com/ContactUs.htm

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

• Knowledge of basic principles of property and casualty insurance and risk management, general insurance practices of property and casualty insurers, or general legal practices in a regulatory environment.

• Knowledge of investigative techniques and practices

• Knowledge of methods of compiling, organizing and analyzing data

• Ability to use Microsoft Office programs with proficiency in Excel and Word

• Ability to communicate effectively verbally and in writing

• Ability to prepare and analyze data and draw logical conclusions

• Ability to read, interpret and apply FL statutes, rules and regulations

• Ability to organize and prioritize workload

• Ability to communicate effectively verbally and in writing

• Ability to train employees

• Ability to establish and maintain effective working relationships with others

Brief description of duties and responsibilities

This is a highly responsible professional position that provides technical and administrative support by independently conducting research,  analysis and  investigations of insurance industry business practices to determine compliance with the Florida Insurance Code; and by providing recommendations and regulatory solutions to management. 

• Utilize an extensive knowledge of business practices and market regulation procedures to collect and compile data from market analyst and independently analyze and interpret complex data to support the Agency’s regulatory initiatives. Develop and independently maintain accurate databases of information collected, provide technical assistance to staff, and make recommendations to management regarding opening investigations;
• Utilize an extensive knowledge of business practices and market regulation procedures to conduct complex investigations, independently compile investigation reports, review cases for accuracy, and recommend solutions and corrective action plans to management. Independently draft legal consent orders and accurately calculate penalty recommendations, when required.
• Utilize market regulation procedures to independently and accurately maintain records of investigative materials.
• Independently monitor investigations from origination through final agency action. Assist management with coordinating administrative and evidentiary hearings related to agency action, to include, organizing and planning calendar events for other administrative functions. Assist and recommend solutions to management during settlement negotiations.
• Independently coordinate and accurately fulfill production of records in response to complex internal records requests and external requests for public records.
• Independently monitor complex legislative changes impacting the insurance industry and make recommendations to management regarding necessary updates to data analysis and investigation procedures. Communicate legislative and administrative developments to management and assist with training market regulation staff. Provide technical assistance to management on legislation, rulemaking, policies and procedures.
• Aid with designing and implementation of program budget, strategic goals, and development of the market regulation quality plan.

• Perform other duties as required.

Special Notes:

Preference will be given to applicants with knowledge of basic principles of property and casualty insurance and risk management, general insurance practices of property and casualty insurers, or general legal practices in a regulatory environment.

Qualified applicants will be required to take a work sample.

The annual salary for this position is $50,000.04.

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

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

This position requires a security background check, including fingerprints, 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.