Insurance Contract Analyst 5
About The Position
The Ohio Department of Insurance (ODI) oversees insurance regulation, enforces consumer-protection statutes, educates consumers, and supports stable insurance markets in Ohio. The Office of Product Regulation and Actuarial Services (OPRAS) reviews insurance product policy forms and verifies that premium rates are actuarially sound. OPRAS is seeking a senior-level Contract Analyst 5. This advanced position requires strong analytical skills and the ability to manage multiple assignments. The ideal candidate is knowledgeable about commercial health and life insurance products and applicable Ohio and federal insurance laws. The position is permanent and full-time, located at 50 West Town Street, Suite 300, Columbus, Ohio. The schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m. Compensation is listed as 40.59. The State of Ohio offers eligible employees a range of benefits, including medical coverage, dental, vision and basic life insurance premiums at no cost after the eligibility period, paid leave and holidays, family leave, education and development opportunities, public retirement systems, and optional deferred compensation. Benefit eligibility depends on several factors; the agency contact can provide position-specific details.
Requirements
- Meet one of the stated minimum qualification pathways: 10 years of pertinent insurance-field experience working with contracts and insurance product development, including responsibility for compliance with recognized state and federal laws, regulations, and standards, plus 6 months of personal computer or mainframe computer operation experience; or 10 pertinent insurance courses and 7.5 years of the specified insurance-field experience, plus 6 months of computer-operation experience; or completion of an undergraduate core program in insurance, business, or mathematics and 8 years of the specified insurance-field experience, plus 6 months of computer-operation experience; or 2 years of experience as an Insurance Contract Analyst 4 in the pertinent division; or the equivalent of the stated minimum class qualifications.
- Experience and education must be pertinent to the assigned division; for this position, the posting describes life and health insurance experience as relevant.
- Strong analytical skills and ability to manage multiple assignments.
- Knowledge of commercial health and life insurance products and related Ohio and federal insurance laws.
Responsibilities
- Analyze complex life and health insurance policy form submissions for compliance with state and federal laws and policies.
- Notify insurance companies of compliance issues with proposed policies and other forms, provide necessary information to filers, and approve forms for use in Ohio.
- Research and understand relevant compliance requirements.
- Create and maintain compliance review tools and work management tools to support assigned responsibilities.
- Assist lower-level insurance contract analysts.
Benefits
- Medical coverage
- Free dental, vision, and basic life insurance premiums after completion of the eligibility period
- Paid time off, including vacation, personal, and sick leave
- 11 paid holidays per year
- Childbirth, adoption, and foster care leave
- Education and development opportunities, including employee development funds and Public Service Loan Forgiveness
- Public retirement systems, including OPERS, STRS, SERS, and HPRS
- Optional deferred compensation through Ohio Deferred Compensation
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
