DC Department of Human Resources
Financial Analyst
DC Department of Human Resources, Washington, District of Columbia, us, 20022
Job Summary
This position is located in the Department of Insurance, Securities and Banking, Risk Finance Bureau (DISB). The mission of DISB is to create a protective regulatory environment, attract and retain financial services firms, empower and educate residents on financial matters and provide financing support for small businesses in the District of Columbia.
The incumbent is responsible for conducting surveillance analysis of Captive Insurance Companies, including Risk Retention Groups, licensed by the District of Columbia, to detect and address conditions that may lead to financial loss for the company’s policyholders.
Duties and Responsibilities
Conduct review and analyses of business plans and pro‑forma financial statements submitted by captive insurers to assess the reasonableness of the business plan and ensure the financial solvency of the captive insurer.
Conduct financial analyses to categorize insurers for priority analysis, including on‑site audits and regulatory controls.
Review documentation such as examination reports, ratings from AM Best, Moody's and Standard & Poor’s, state deposit requirements, actuarial reserve opinions, independent accountant reports and financial statements to assess the insurer’s financial health.
Maintain ongoing surveillance and submit recommendations for regulatory action based on findings.
Review and evaluate annual and quarterly statements of licensed captive insurers and make recommendations on new applications for licensures to do business in the District of Columbia.
Conduct analyses of documentation submitted with annual and quarterly reports to ascertain the financial condition and solvency of the captive insurer.
Qualifications and Education Undergraduate and graduate education: major study – finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other related fields such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.
OR Specialized experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of corporate finance and specialized fields of finance. Specialized experience must have equipped the applicant with the particular knowledge, skills and abilities to perform successfully the duties of the position. One year of specialized experience is equivalent to at least the next lower grade level in the normal line of progression.
Licenses and Certifications None.
Working Conditions and Environment The work is primarily sedentary, although some slight physical effort may be required. The work may involve visits to work sites and requires periods of standing, bending, stooping and carrying of light items.
Other Significant Facts Tour of Duty: Monday – Friday – 8:15 am to 4:45 pm
Pay Plan, Series, Grade: CS-1160-13
Promotion Potential: No known promotion potential.
Duration of Appointment: Career Services – Regular Appointment.
Collective Bargaining Unit (Union): This position is in a collective bargaining unit, and you may be required to pay an agency service fee through direct payroll deduction.
Position Designation: This position has been deemed Security Sensitive under the guideline of the DC Personnel Manual. Incumbents are subject to enhanced suitability screening pursuant to Chapter 4 of DC personnel regulations. Accordingly, incumbents must successfully pass a criminal background and consumer credit check as a condition of employment and will be subject to periodic criminal background checks for the duration of their tenure.
EEO Statement The District of Columbia Government is an Equal Opportunity Employer. All qualified candidates will receive consideration without regard to race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family responsibilities, matriculation, physical handicap or political affiliation.
Seniority Level Entry level
Employment Type Full‑time
Job Function Finance and Sales
Industries Human Resources Services
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The incumbent is responsible for conducting surveillance analysis of Captive Insurance Companies, including Risk Retention Groups, licensed by the District of Columbia, to detect and address conditions that may lead to financial loss for the company’s policyholders.
Duties and Responsibilities
Conduct review and analyses of business plans and pro‑forma financial statements submitted by captive insurers to assess the reasonableness of the business plan and ensure the financial solvency of the captive insurer.
Conduct financial analyses to categorize insurers for priority analysis, including on‑site audits and regulatory controls.
Review documentation such as examination reports, ratings from AM Best, Moody's and Standard & Poor’s, state deposit requirements, actuarial reserve opinions, independent accountant reports and financial statements to assess the insurer’s financial health.
Maintain ongoing surveillance and submit recommendations for regulatory action based on findings.
Review and evaluate annual and quarterly statements of licensed captive insurers and make recommendations on new applications for licensures to do business in the District of Columbia.
Conduct analyses of documentation submitted with annual and quarterly reports to ascertain the financial condition and solvency of the captive insurer.
Qualifications and Education Undergraduate and graduate education: major study – finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other related fields such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.
OR Specialized experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of corporate finance and specialized fields of finance. Specialized experience must have equipped the applicant with the particular knowledge, skills and abilities to perform successfully the duties of the position. One year of specialized experience is equivalent to at least the next lower grade level in the normal line of progression.
Licenses and Certifications None.
Working Conditions and Environment The work is primarily sedentary, although some slight physical effort may be required. The work may involve visits to work sites and requires periods of standing, bending, stooping and carrying of light items.
Other Significant Facts Tour of Duty: Monday – Friday – 8:15 am to 4:45 pm
Pay Plan, Series, Grade: CS-1160-13
Promotion Potential: No known promotion potential.
Duration of Appointment: Career Services – Regular Appointment.
Collective Bargaining Unit (Union): This position is in a collective bargaining unit, and you may be required to pay an agency service fee through direct payroll deduction.
Position Designation: This position has been deemed Security Sensitive under the guideline of the DC Personnel Manual. Incumbents are subject to enhanced suitability screening pursuant to Chapter 4 of DC personnel regulations. Accordingly, incumbents must successfully pass a criminal background and consumer credit check as a condition of employment and will be subject to periodic criminal background checks for the duration of their tenure.
EEO Statement The District of Columbia Government is an Equal Opportunity Employer. All qualified candidates will receive consideration without regard to race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family responsibilities, matriculation, physical handicap or political affiliation.
Seniority Level Entry level
Employment Type Full‑time
Job Function Finance and Sales
Industries Human Resources Services
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