FINANCIAL EXAMINER/ANALYST II - 43005139

State of Florida

9d•Onsite

About The Position

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 – 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 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. Brief Description of Duties and Responsibilities: This position is a part of OIR’s Application Unit which analyzes licensing applications and corporate amendment applications of insurers. The primary duties, responsibilities, and educational requirements are taken from the National Association of Insurance Commissioner’s Company Licensing Handbook. This position requires extensive training and education and requires the employee to exercise discretion and judgment in determining the appropriate action based on the financial condition and prospective solvency of the insurance company being analyzed. This position will primarily handle all types of non-domestic licensing applications. The primary duties of the position are:

Requirements

Knowledge of accounting, auditing, data collection and analysis
Knowledge of the basic management principles and practices.
Ability to collect, evaluate and analyze data to develop alternative recommendations, solve problems, document work flow and other activities relating to the improvement of work flow practices.
Ability to utilize problem solving techniques
Ability to plan, organize and coordinate work assignments.
Strong communications skills (both written and oral).
Ability to establish and maintain effective working relationships with others.
Ability to conduct investigations and fact-finding research
Ability to organize data into logical format for presentation in reports, documents and other written material.
Ability to develop and oversee analysis procedures.
Knowledge of basic computer hardware/software
Ability to use Microsoft Excel and Word.
This position requires a Bachelors degree or higher from an accredited college or university with a major in accounting, insurance, finance, or actuarial science.

Nice To Haves

Experience in insurance regulation, financial analysis, public accounting, or similar experience with specialization in the insurance industry is preferred.

Responsibilities

Analyze and make recommendations as to whether filed primary (domestic), redomestication, or expansion (foreign/alien) applications for Florida certificate of authority meet statutory requirements to be granted authorization pursuant to Chapter 624, Florida Statutes.
Analyze and make recommendations as to whether filed Prepaid Limited Health Service Organization and Discount Plan Organization applications for a Florida certificate of authority meet statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 636, Florida Statutes.
Analyze and make recommendations as to whether filed Health Maintenance Organization and Prepaid Health Clinic applications for a Florida certificate of authority meet statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 641, Florida Statutes.
Analyze and make recommendations as to whether filed Applications for acquisition of domestic Life and Health Companies and Health Maintenance Organizations meet statutory requirements defined by Chapter 628, Florida Statutes.
Analyze and make recommendations as to whether filed Administrator application for a certificate of authority meets statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 626, Florida Statutes.
Analyze proposed changes in laws and regulations to determine impact changes may have on managerial policy. Participate and assist in the promulgation of rules and legislation.
Answers questions pertaining to work related assignments from any level of the department or private sector and handle complaints from licensees and consumers.
Monitor management information systems, design and implement modifications when necessary.
Process assigned public record requests related to assigned Companies.
Participate in training courses so as to develop new and improve upon existing skills to improve execution and effectiveness of the financial analysis process.
Perform other related duties as required.