West Virginia
Insurance Financial Specialist 3 - Revenue - Insurance Commission - Kanawha Co.
West Virginia, Charleston, West Virginia, us, 25329
***This job opportunity is not in the classified service and is not covered by the West Virginia Division of Personnel merit system***
The Financial Conditions division of the WV Offices of the Insurance Commissioner is responsible for the licensing, financial monitoring, and financial examinations of insurance companies admitted to do business in West Virginia so that policy holders are secure in purchasing insurance products from solvent and compliant insurance companies. Note: This is an advanced position where the selected candidate will be considered a senior financial analyst. The ideal candidate will be responsible for performing the following duties:
Responsibilities
Under limited supervision, perform detailed analysis work to ensure that insurance companies and other regulated entities are in compliance with West Virginia insurance laws, regulations, and the National Association of Insurance Commissioners (NAIC) to protect West Virginia policyholders.
Work in accordance with established West Virginia laws, regulations, procedures, guidance, and administrative directives.
Conduct a risk-focused financial analysis on assigned West Virginia domiciled insurers under the supervision of the supervising analyst.
Review annual and quarterly insurer financial statements and related supplemental regulatory filings to assess and monitor the current financial condition and prospective financial solvency of complex and high-priority insurance companies.
Analyze applications submitted by insurance companies or other regulated entities seeking licensure/registration to conduct business in West Virginia.
Provide guidance, support, training, or review the work of lower-level financial analysts.
May require minimal travel.
Perform other related work as required.
Training Bachelor's degree from a regionally accredited four‑year college or university with at least 24 semester hours in accounting. Preference may be given to applicants with CPA certification, a Master of Public Accountancy or Master of Business Administration.
Experience Three years of full‑time or equivalent part‑time paid professional experience related to accounting, auditing, economics, finance or statistics or two years of full‑time or equivalent part‑time paid experience as an Insurance Financial Specialist 2.
Substitution Successful completion of graduate study from a regionally accredited college or university in business administration, finance or accounting may be substituted for the required experience on a year‑for‑year basis. A CPA certification may be substituted for the training and required experience.
Benefits
Holidays – Minimum of 12 paid holidays
Leave Accrual – Ample Annual (starting at 4.61 hours per pay period) and Sick Leave (5.55 hours per pay period) Accrual
Medical Insurance – Insurance through Public Employees Insurance Agency (PEIA) with several plan options and Flexible Benefits through Mountaineer Flex Benefits to cover additional needs
Life Insurance – Free $10,000 Basic Life Insurance and additional life insurance offered at low cost
Retirement – Mandatory retirement where the employee contributes a portion of their annual salary and the employer also contributes, in addition to an optional 457 deferred compensation retirement plan
Application Instructions Click the Apply link to apply online. You must complete all parts of the application, including the Work Experience section. Attach a detailed resume if desired. Verification of post high school education may be required. Protecting personal information is a priority; redact SSN and birthdate on documents before submission.
Applicant services contact: applicantservices@wv.gov or U.S. mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.
Submit your application for each position of interest. To receive email notifications for new job postings, complete the Job Interest Card from the slide‑out menu located at the top left of our Job Opportunities page.
Come join our team! We believe our employees deserve the best to make sure they have a great work‑life balance.
#J-18808-Ljbffr
The Financial Conditions division of the WV Offices of the Insurance Commissioner is responsible for the licensing, financial monitoring, and financial examinations of insurance companies admitted to do business in West Virginia so that policy holders are secure in purchasing insurance products from solvent and compliant insurance companies. Note: This is an advanced position where the selected candidate will be considered a senior financial analyst. The ideal candidate will be responsible for performing the following duties:
Responsibilities
Under limited supervision, perform detailed analysis work to ensure that insurance companies and other regulated entities are in compliance with West Virginia insurance laws, regulations, and the National Association of Insurance Commissioners (NAIC) to protect West Virginia policyholders.
Work in accordance with established West Virginia laws, regulations, procedures, guidance, and administrative directives.
Conduct a risk-focused financial analysis on assigned West Virginia domiciled insurers under the supervision of the supervising analyst.
Review annual and quarterly insurer financial statements and related supplemental regulatory filings to assess and monitor the current financial condition and prospective financial solvency of complex and high-priority insurance companies.
Analyze applications submitted by insurance companies or other regulated entities seeking licensure/registration to conduct business in West Virginia.
Provide guidance, support, training, or review the work of lower-level financial analysts.
May require minimal travel.
Perform other related work as required.
Training Bachelor's degree from a regionally accredited four‑year college or university with at least 24 semester hours in accounting. Preference may be given to applicants with CPA certification, a Master of Public Accountancy or Master of Business Administration.
Experience Three years of full‑time or equivalent part‑time paid professional experience related to accounting, auditing, economics, finance or statistics or two years of full‑time or equivalent part‑time paid experience as an Insurance Financial Specialist 2.
Substitution Successful completion of graduate study from a regionally accredited college or university in business administration, finance or accounting may be substituted for the required experience on a year‑for‑year basis. A CPA certification may be substituted for the training and required experience.
Benefits
Holidays – Minimum of 12 paid holidays
Leave Accrual – Ample Annual (starting at 4.61 hours per pay period) and Sick Leave (5.55 hours per pay period) Accrual
Medical Insurance – Insurance through Public Employees Insurance Agency (PEIA) with several plan options and Flexible Benefits through Mountaineer Flex Benefits to cover additional needs
Life Insurance – Free $10,000 Basic Life Insurance and additional life insurance offered at low cost
Retirement – Mandatory retirement where the employee contributes a portion of their annual salary and the employer also contributes, in addition to an optional 457 deferred compensation retirement plan
Application Instructions Click the Apply link to apply online. You must complete all parts of the application, including the Work Experience section. Attach a detailed resume if desired. Verification of post high school education may be required. Protecting personal information is a priority; redact SSN and birthdate on documents before submission.
Applicant services contact: applicantservices@wv.gov or U.S. mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.
Submit your application for each position of interest. To receive email notifications for new job postings, complete the Job Interest Card from the slide‑out menu located at the top left of our Job Opportunities page.
Come join our team! We believe our employees deserve the best to make sure they have a great work‑life balance.
#J-18808-Ljbffr