Insurance Financial Analyst I

State of Delaware•Dover, DE

12d

About The Position

Looking for a stable career with strong benefits and clear growth opportunities? This entry-level Financial Analyst position offers meaningful public-service work within state government, a supportive environment, and hands-on learning under experienced mentors. Enjoy predictable schedules, a focus on professional development, and exposure to leadership and decision-making processes. As a career-ladder role, it provides a clear path to higher-level analyst positions, making it an ideal opportunity for individuals seeking both skill-building and long-term advancement in a respected public-sector organization.

Requirements

Applicants must have education, training and/or experience demonstrating competence in each of the following areas:
Possession of a Bachelor's degree or higher in Accounting, Finance, Business Administration or related field.

Responsibilities

Review and analyze annual and quarterly financial statements, trend analyses, S.E.C. filings, audit reports and holding company information to include reinsurance agreements, service agreements, tax allocation agreements and other inter-company arrangements.
Apply SAP accounting principles, practices, methods and techniques in the review of financial and management issues.
Compute and interpret financial ratios to identify hazardous financial conditions or potential hazardous financial conditions.
Research and analyze various financial transactions between parent company, affiliates, and subsidiaries.
Research and analyze various transactions involving acquisitions and mergers.
Review requests by licensed companies to add lines of business; defend recommendation for approval or disapproval.
Review applications for re-domestication and applications to conduct business within the State of Delaware; consider financial condition of the company and/or parent company, expertise and size of business.
Review consumer complaints to identify solvency issues or patterns of regulatory violations.
Complete analysis for assigned companies; prepare summary reports consisting of NAIC questionnaires for review by Director and Commissioner.
Provide testimony during public hearings and legal actions.