Insurance Specialist 1/2 Flex (PCN 084005)

State of Alaska • Anchorage, AK

9h • Onsite

About The Position

The Division of Insurance is recruiting for an Insurance Specialist 1/2 flex position located in Anchorage. This position requires a thorough understanding and review of insurance policies, rates, and rules. Reading proficiency, attention to detail, time management, organization, and critical thinking skills are essential for success in this position. Reading and review of insurance forms, rules, and rates account for 80% of this position's workload. There is extensive one-on-one training for the first two years in this position. This position requires the selected candidate to obtain the IRES AIE designation within two years and six months of hire. Continuing professional education in the insurance industry is required yearly to maintain the AIE designation. This position is flexibly staffed within the Property and Casualty (P&C) section and covers two levels of duties. The Insurance Specialist 1/2 position conducts professional research, analysis, and evaluation of factors affecting the sale and marketing of insurance, including monitoring the conduct of persons and organizations involved in the insurance industry for compliance with Alaska laws, and recommending or initiating appropriate corrective or preventative regulatory action; and reviewing and approving or disapproving rates, rating systems, and policy forms used or proposed for use in Alaska by insurers.

Requirements

• Knowledge of various types of insurance, insurance regulations, claims processing, examination, adjudication, or adjustment.
• Organizational Awareness: Knows the organization's mission and functions, and how its social, political, and technological systems work and operates effectively within them; this includes the programs, policies, procedures, rules, and regulations of the organization.
• Reading: Understands and interprets written material, including technical materials, rules, regulations, instructions, reports, charts, graphs, or tables; applies what is learned from written material to specific situations.
• Reasoning: Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions.
• Technical Competence: Uses knowledge that is acquired through formal training or extensive on-the-job experience to perform one's job; works with, understands, and evaluates technical information related to the job; advises others on technical issues.
• Accounting: Knowledge of traditional accounting practices including accrual, obligations, and costs methods (for Insurance Specialist 1).
• Learning: Uses efficient learning techniques to acquire and apply new knowledge and skills; uses training, feedback, or other opportunities for self-learning and development (for Insurance Specialist 1).
• Mathematical Reasoning: Solves practical problems by choosing appropriately from a variety of mathematical and statistical techniques.
• Writing: Uses correct English grammar, punctuation, and spelling; communicates information (for example, facts, ideas, or messages) in a concise and organized manner; produces written information, which may include technical material, that is appropriate for the intended audience (for Insurance Specialist 2).
• Research: Knowledge of the scientific principles, methods, and processes used to conduct a systematic and objective inquiry; including study design, collection, analysis, and interpretation of data; and the reporting of results (for Insurance Specialist 2).

Nice To Haves

• Designation as an Associate, or higher, by the Society of Actuaries, Casualty Actuarial Society, or Conference of Consulting Actuaries is considered qualifying experience.

Responsibilities

• Conduct professional research, analysis, and evaluation of factors affecting the sale and marketing of insurance.
• Monitor the conduct of persons and organizations involved in the insurance industry for compliance with Alaska laws.
• Recommend or initiate appropriate corrective or preventative regulatory action.
• Review and approve or disapprove rates, rating systems, and policy forms used or proposed for use in Alaska by insurers.
• Obtain IRES AIE designation within two years and six months of hire.
• Complete continuing professional education in the insurance industry yearly.

Benefits

• Covered parking at the Linny Pacillo parking garage is provided free.
• AIE designation, materials, and exams are eligible for reimbursement upon receipt of a passing grade.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed