Insurance Contract Analyst 5
About The Position
The Ohio Department of Insurance’s Office of Product Regulation and Actuarial Services (OPRAS) is seeking a senior-level Insurance Contract Analyst. OPRAS protects consumers and assures compliance with applicable insurance laws and regulations by reviewing insurance product policy forms and verifying that premium rates are actuarially sound. 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 related Ohio and federal insurance laws. The position is permanent and full-time, based at 50 West Town Street, Suite 300, Columbus, Ohio. The regular schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m. Compensation is listed as 40.59; the posting does not specify the compensation period or currency. The Ohio Department of Insurance oversees insurance regulation, enforces consumer-protection statutes, educates consumers, and fosters stable insurance markets. Its mission is to protect consumers through education and fair, vigilant regulation while promoting a stable and competitive environment for insurers.
Requirements
- Ten years of experience in the insurance field working with contracts and insurance product development pertinent to the assigned division, including responsibility for compliance with recognized state and federal laws, regulations, and standards, plus six months of experience operating a personal computer or mainframe computer; or an alternative qualification pathway listed in the posting.
- Alternative pathway: ten pertinent insurance courses, 7.5 years of relevant insurance-field experience involving contracts and product development and compliance responsibilities, and six months of computer-operation experience.
- Alternative pathway: completion of an undergraduate core program in insurance, business, or mathematics; eight years of relevant insurance-field experience involving contracts and product development and compliance responsibilities; and six months of computer-operation experience.
- Alternative pathway: two years of experience as an Insurance Contract Analyst 4 in the division pertinent to the position.
- Equivalent of the minimum class qualifications for employment may be accepted.
- 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 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, plus 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, and optional Ohio Deferred Compensation.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
