Insurance Company Financial Analyst 1

Full Job Description

Are you an inquisitive professional who loves to tackle financial puzzles? If so, the Pennsylvania Insurance Department has the perfect opportunity for you. We are seeking an individual who has an eye for details and possesses exceptional analytical skills. Put your talent to work as you obtain, review, and analyze annual and quarterly insurer financial statements as well as all related supplemental regulatory filings. Take the next step in your career with us!

Requirements

In this role, you will be handling annual and quarterly insurer financial statements, as well as all related supplemental regulatory filings to determine compliance with statues and regulations in support of the Department's solvency surveillance of licensed insurers and providers for the protection of policyholders and consumers.

Within prescribed timeframes, this position performs research and determines whether insurers and Continuing Care Retirement Communities (CCRCs) are operating in compliance with insurance laws, rules and regulations and National Association of Insurance Commissioners (NAIC) standards and guidelines, as applicable.

You can expect to discern the difference between public and confidential information according to insurance statutes, regulations, rules and procedures and ensure that confidentiality is maintained.

Additional duties:

• Customize the nature and extent of financial analysis procedures performed to ensure the effectiveness and efficiency in accordance with the size, risk and complexity of the insurer
• Summarize and document results of analysis and assessment of risks based on information reviewed as well as communicate with the insurer and other regulators
• Correspond with company executives, Department staff, NAIC staff and other state, federal, or international regulators to identify and investigate issues, evaluate company responses and propose additional regulatory actions if warranted
• Follow up on issues identified by other regulators, evaluate responses received, and ensure appropriate resolutions are reached

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 8:00 AM to 4:30 PM, Monday - Friday, with 60-minute lunch.

Telework: You may have the opportunity to work from home (telework) part-time, two days per week in office.

In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania.

If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg. The ability to telework is subject to change at any time.

Additional details may be provided during the interview.

• Salary: Selected candidates who are new to employment with the Commonwealth of Pennsylvania will begin employment at the starting annual salary of $59,345 (before taxes).
• You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.

Qualifications

QUALIFICATIONS

Minimum Experience and Training Requirements:

• Successful completion of the Insurance Company Financial Analyst Trainee program (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or
• One year of professional experience in insurance, accounting, finance, economics, business administration, risk-management, or a closely related field; and a bachelor’s degree which includes 15 college credits in accounting, finance, or auditing; or
• An equivalent combination of experience and training which includes 15 college credits in accounting, finance, or auditing.

Other Requirements:

• You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency.
• You must be able to perform essential job functions.

How to Apply:

Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position.

Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).

If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.

Your application must be submitted by the posting closing date. Late applications and other required materials will not be accepted.

Failure to comply with the above application requirements may eliminate you from consideration for this position.

Veterans:

• Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.pa.gov/agencies/employment/how-to-apply.html and click on Veterans.

Telecommunications Relay Service (TRS):

• 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.

The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce.

The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania.

The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law.

All diverse candidates are encouraged to apply.

Additional Information

Completing the application, including all supplemental questions, serves as your exam for this position.

No additional exam is required at a test center (also referred to as a written exam).Your score is based on the detailed information you provide on your application and in response to the supplemental questions.

Your score is valid for this specific posting only.You must provide complete and accurate information or:your score may be lower than deserved.you may be disqualified.You may only apply/test once for this posting.Your results will be provided via email.