Insurance Company Licensing Specialist

Full Job Description

Are you skilled at evaluating information and making sound judgements? If so, take the next step in your professional journey with the Pennsylvania Insurance Department, Bureau of Company Licensing and Financial Analysis. As an Insurance Company Licensing Specialist, you will utilize your strengths to review and recommend approval or disapproval of applications for licensure or registration as domestic insurers, foreign insurers, and other risk-bearing and non-risk-bearing entities. Apply today to become a subject matter expert of our licensing laws and regulations!

Requirements

Within this role, you will be tasked with evaluating applications from entities seeking to be registered as surplus lines insurers, risk retention groups, risk purchasing groups, pharmacy benefit managers, auditing entities, reinsurers, and other entities under the jurisdiction of the Insurance Department.

Work also involves collaborating with company officials and representatives to complete licensing and corporate transaction matters.

You will have the opportunity to provide guidance to Insurance Department personnel, state regulators, other Commonwealth agencies, and the general public regarding licensing and insurance holding company matters.

Additional responsibilities include reviewing, analyzing, and making recommendations for approval or disapproval of applications for:

• Initial licensure for newly organized domestic insurers, health maintenance organizations, and other risk-bearing entities domiciled in Pennsylvania
• Foreign insurance companies seeking to re-domesticate to and licensure in Pennsylvania
• Domestic and foreign insurance companies seeking to amend their certificates of authority
• Non-risk-bearing entities including insurance administrators, viatical settlement providers, reinsurance intermediary brokers, reinsurance intermediary managers, managing general agents, managers, exclusive general agents, and insurance premium finance companies

Interested in learning more? Additional details regarding this position can be found in the position description.

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 7:30 AM to 4:00 PM, Monday - Friday, with a 60-minute lunch.

Telework: You may have the opportunity to work from home (telework) part-time, up to 3 days per week.

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 $59,345.00 (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:

• One year of professional regulatory experience in the review and analysis of insurance corporation proposals, filings, operations, financial conditions or licensure requests and a bachelor’s degree in accounting, business administration, economics, finance or a closely related field; or
• One year of professional experience in analyzing financial statements of insurance companies, or examining the financial conditions of insurance companies or operations of insurance companies, and a bachelor’s degree in accounting, business administration, economics, finance or a closely related field; or
• An equivalent combination of experience and training which includes one year of professional experience in analyzing financial statements of insurance companies, or examining the financial conditions of insurance companies or operations of insurance companies.
  
  

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.

All application materials and interview responses must reflect the applicant’s own experience, qualifications, and work. Applicants may use generative AI tools for preparation purposes only.

Use of AI to misrepresent or falsify information, or to assist during interviews, is not permitted. Review the Guidance for Generative AI Tools & Job Seekers for additional information.

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):

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.