Insurance Regulatory Analyst I

State of North Carolina

1d•$58,613 - $70,000•Hybrid

About The Position

This is a repost. Previous applicants do not need to reapply. Salary Recruitment Range: $58,613 - $70,000 Salary Grade: NC17 The posting will close at 11:59 p.m. the night before the closing date. This position currently qualifies for a hybrid telework option with routine office and remote workday. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management. Mission of the Department of Insurance: The North Carolina Department of Insurance's mission is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. North Carolina Department of Insurance offers rewarding careers in a number of different fields that helps us protect consumers and regulate the insurance industry in North Carolina. But that’s not all that we do! NCDOI also investigates insurance fraud. We set standards for and inspect fire stations, regulate engineering codes and work with building inspectors in every corner of North Carolina. If you’re interested in a career that will help make North Carolina a safer and better place to live while working with some of the best professionals in the industry, apply today! For more information about NCDOI: http://www.ncdoi.gov/ Primary Purpose of the Position: Investigation And Adjustment of All Losses to State-Owned Property Insured Through the State Property Fire Insurance Fund and the Public-School Fund. When a final claim is submitted to the SPFIF or the PSIF, the Proof of Loss and other supporting documentation will be scrutinized for completeness, accuracy and appropriateness and to determine if the amount requested is consistent with the damages and the anticipated remedy. When necessary, Specialist will engage the services of building or electrical inspectors, engineers, architects, or other specialists to assist in the claim's effort. Employee will serve as a resource to state agencies, universities, community colleges and participating public schools by guiding them through the claims process, advising them of ways to expedite the handling of their claims, providing information on specialized cleaning and repair facilities, acting as a mediator with other insurance companies, etc. The Loss Control and Claims Specialist may also assist agencies, upon request, on an advisory basis for claims that are not covered by the SPFIF or PSIF. When losses involve the States reinsurer or other insurance companies, the Specialist will coordinate investigation and adjustment activities with the claims adjuster of the company and arrange for loss payment or subrogation. In the absence of the Director of Risk Management, the Loss Control and Claims Specialist may present losses to the Council of State for approval.

Requirements

Effective July 1, 2025, candidates now meet the minimum qualifications of a position if they have the minimum education and experience listed from the class specification.
Bachelor's degree in business or economics or a related program from an appropriately accredited institution and three years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis; or an equivalent combination of education and experience.

Nice To Haves

Working knowledge of insurance principles and practices and department regulation.
Working knowledge of commercial property insurance claims.
Working knowledge of mathematics, with some knowledge of the fundamentals of statistics.
Working knowledge of insurance rate-making procedures and practices, policy contract and manual provisions, or insurance company operations.
Possession of professional designation appropriate to specialty area. (Ex FLMI, CPDU, CIC, CIE, AIE, MHP, etc.).

Responsibilities

Investigation And Adjustment of All Losses to State-Owned Property Insured Through the State Property Fire Insurance Fund and the Public-School Fund.
When a final claim is submitted to the SPFIF or the PSIF, the Proof of Loss and other supporting documentation will be scrutinized for completeness, accuracy and appropriateness and to determine if the amount requested is consistent with the damages and the anticipated remedy.
When necessary, Specialist will engage the services of building or electrical inspectors, engineers, architects, or other specialists to assist in the claim's effort.
Employee will serve as a resource to state agencies, universities, community colleges and participating public schools by guiding them through the claims process, advising them of ways to expedite the handling of their claims, providing information on specialized cleaning and repair facilities, acting as a mediator with other insurance companies, etc.
The Loss Control and Claims Specialist may also assist agencies, upon request, on an advisory basis for claims that are not covered by the SPFIF or PSIF.
When losses involve the States reinsurer or other insurance companies, the Specialist will coordinate investigation and adjustment activities with the claims adjuster of the company and arrange for loss payment or subrogation.
In the absence of the Director of Risk Management, the Loss Control and Claims Specialist may present losses to the Council of State for approval.

Benefits

12 Annual paid Holidays
North Carolina State Health Plan administered by AETNA
Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
NC State Retirement (TSERS)
WeSave Employee Discounts

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