INSURANCE ANALYST IV - 43000286

State of Florida•TALLAHASSEE, FL

6d•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 careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have 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, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.

Requirements

Knowledge of basic principles of insurance and risk management, general practices of insurance companies or other entities regulated by any state’s insurance code, or general legal practices in a regulatory environment
Knowledge of research, auditing, investigative, and problem-solving techniques and practices
Skilled in use of Microsoft Office programs with proficiency in Excel and Word
Ability to collect, analyze, and interpret data
Ability to plan, organize, and prioritize work assignments
Ability to communicate effectively verbally and in writing
Ability to listen, apply, and understand instructions in both written and oral format
Ability to handle confidential information
Ability to prepare detailed/specialized written reports
Ability to establish and maintain effective working relationships with others
Ability to train others on processes and procedures
Ability to understand, interpret and apply laws, rules, regulations, policies and procedures
Ability to critically think, draw conclusions, and make decisions with minimal direction
Ability to effectively organize information to reflect the logical progression of events, procedures performed, and conclusions reached
Ability to work well as a team member
Ability to work independently on individual assignments
Ability to determine work priorities to ensure proper completion of work assignments
Ability to follow verbal and written instructions
Ability to confidently and independently present and discuss work product
Ability to work within deadlines
Ability to maintain objectivity and make sound judgements and decisions

Nice To Haves

Act as a market conduct manager upon earning IRES designation.

Responsibilities

Manage multiple insurance regulatory related projects that support the Agency's business needs by conducting advanced technical research and market analysis relating to the insurance industry.
Conduct market and data analysis on industry conduct and structure to assist the Agency with exams and investigations. Act as a resource for NOI and other reviews.
Provide advanced research and analysis, or guide assigned insurance analysts, for assigned projects. This includes but is not limited to in-depth investigations and review of policy forms, rates, contracts, endorsements, claims forms and handling practices, underwriting practices, advertising, premium refunds, record management, and other insurance related business practices.
Conduct reviews, monitoring, and statutory examinations of certain industry related companies to support Agency oversight and implementation of Florida Insurance Codes. Manage the project scope and implementation activities to deliver reports on time and within budget. Ensure that the review team implements Florida Insurance Code standards and delivers high quality analysis. Identifies and manages technical and non-technical issues and risks that could impact the project. Uses problem solving skills to remove obstacles, resolve conflicts, and mitigate risks when possible and escalates to management when appropriate.
Responsible for record management of electronic files related to the examination or investigation.
Responsible for the examination plan and management of contractors to ensure high quality review analysis and implementation of Florida Insurance Code. Design and develop examination plans for Agency oversight and assist with contractor procurement.
Conduct informal conferences with insurance companies on business practices, validate findings of statutory examinations, and recommend agency action. Report and communicate examination status with project team members, stakeholders, and Agency management.
Collaborate with legal counsel to articulate the conceptual, logical, and technical aspects of the examination or investigation report.
Act as a market conduct manager upon earning IRES designation. Responsible for facilitating the examination between the contractor and insurer, managing project scope and budget, reviewing invoices, monitoring exam and escalating exam issues to management.
Manage and train on examination procedures and techniques.
Perform other duties as required.