INSURANCE ANALYST TRAINEE

State of Illinois•Springfield, IL

14d•Onsite

About The Position

The Department of Insurance is seeking to hire an Insurance Analyst Trainee. This position is trained under immediate supervision, for a period of six to twelve months in a training program designed to develop the necessary skills to perform in the various phases of insurance regulation. The trainee receives orientation and training in the meanings and applications of the Illinois Insurance Code and appurtenant rules, regulations, bulletins, and interpretations in the subject area. The position receives on-the-job training in the area of health insurance regulation, or as otherwise required or assigned. The trainee will be assigned to the Health Products Section to enhance experience in basic processing procedures, terminology, and techniques within Health Products. After successful completion of on-the-job training and instruction, during which periodic evaluations will be made, the trainee will qualify for promotion to fill targeted vacancies as an Insurance Analyst. We invite all qualified applicants to apply.

Requirements

Requires knowledge, skill, and mental development equivalent to completion of four (4) years of high school.
Requires the ability to pass a background check.

Nice To Haves

Prefers at least six (6) months of working knowledge associated with health insurance, health insurance products, or as a health insurance producer/agent.
Prefers at least six (6) months of working knowledge of Microsoft Office Outlook, Microsoft Word, Microsoft Excel, Teams, and SalesForce.
Prefers at least six (6) months of working knowledge associated with customer service.
Prefers at least six (6) months of elementary ability to perform fact finding and investigations.
Prefers basic ability to analyze and determine facts, information, and data to make correct and accurate decisions and conclusions.
Prefers working knowledge of office methods and procedures.
Prefers intermediate ability to articulate facts, figures, and descriptions in a comprehensible mode.

Responsibilities

Receives orientation and training in the meanings and applications of the Illinois Insurance Code and appurtenant rules, regulations, bulletins, and interpretations in the subject area.
Communicates verbally and through written correspondence with insurance company officials and representatives regarding acceptability or unacceptability of reviewed contracts, endorsements or complaints.
Receives training and learns to review and analyze health policy forms submitted for departmental approval.
Receives training in the processing of insurance complaints for which responses are within developed interpretations/guidelines from Illinois consumers.
Performs cooperative research with other analysts on business products/business practices to determine if such products/practices are acceptable.
Receives orientation in the mode of communicating and deriving information/data, e.g., in health insurance areas and what information/data is required to produce decisions/conclusions.
Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Benefits

Health, Life, Vision, and Dental Insurance
13 Paid Holidays annually, 14 on even numbered years
10-25 days of Paid Vacation time annually - (10 days in year one of employment)
12 Paid Sick Days annually (sick days carry over from year to year)
12 Weeks Paid Maternity/Paternity Leave
3 Paid Personal Days annually
Pension Plan
Deferred Compensation Program and other pre-tax benefit programs (Medical/Daycare)
Flexible work schedules may be available, dependent upon position
Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility