Insurance Financial Analyst II

State of Delaware • Dover, DE

2d

About The Position

The Insurance Financial Analyst II performs financial and regulatory analysis for Delaware’s Bureau of Company Examination, Rehabilitation and Guaranty. The role reviews insurer financial statements, filings, audit reports, company structures and transactions to evaluate financial condition and identify potential solvency concerns. It applies Statutory Accounting Principles and analyzes financial ratios, transactions, licensing requests, and applications involving companies seeking to conduct business in Delaware. Analysts prepare reports for review by the Director and Commissioner and may provide testimony during public hearings and legal actions. The position is presented as a career-ladder opportunity with mentoring, professional development, predictable schedules, and potential advancement to higher-level analyst positions.

Requirements

• A bachelor's degree or higher in Accounting, Finance, Business Administration, or a related field.
• Two years of experience in accounting using Statutory Accounting Principles (SAP) and/or Generally Accepted Accounting Principles (GAAP).
• Two years of experience compiling, analyzing, and interpreting financial data to ensure effective and efficient accounting of funds or to make financial-planning projections.
• Two years of experience interpreting and analyzing financial reports.
• Six months of experience interpreting laws, rules, regulations, standards, policies, and procedures.
• Applicants must be legally authorized to work in the United States.
• Applicants must provide an official college transcript at the time of interview.

Responsibilities

• Review and analyze annual and quarterly financial statements, trend analyses, SEC filings, audit reports, and holding-company information, including reinsurance, service, tax-allocation, and other intercompany agreements.
• Apply SAP accounting principles, practices, methods, and techniques when reviewing financial and management issues.
• Compute and interpret financial ratios to identify hazardous or potentially hazardous financial conditions.
• Research and analyze financial transactions among parent companies, affiliates, and subsidiaries.
• Research and analyze transactions involving acquisitions and mergers.
• Review licensed companies’ requests to add lines of business and defend recommendations for approval or disapproval.
• Review applications for redomestication and applications to conduct business in Delaware, considering the financial condition of the company or parent company, expertise, and business size.
• Review consumer complaints to identify solvency issues or patterns of regulatory violations.
• Complete analyses for assigned companies and prepare summary reports, including NAIC questionnaires, for review by the Director and Commissioner.
• Provide testimony during public hearings and legal actions.

Benefits

• Strong and comprehensive benefits package.
• Professional development and hands-on learning under experienced mentors.
• Predictable schedules.
• Clear career-ladder advancement opportunities to higher-level analyst positions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level